Jeld-Wen (JELD) Downgraded to “Sell” at Bank of America

Jeld-Wen (NYSE:JELD) was downgraded by Bank of America to a “sell” rating in a report released on Wednesday.

JELD has been the subject of a number of other reports. ValuEngine cut shares of Jeld-Wen from a “hold” rating to a “sell” rating in a research report on Wednesday, June 13th. Zacks Investment Research cut shares of Jeld-Wen from a “buy” rating to a “hold” rating in a research report on Friday, May 11th. Deutsche Bank reduced their price target on shares of Jeld-Wen from $35.00 to $31.00 and set a “hold” rating for the company in a research report on Monday, June 25th. Barclays set a $37.00 price target on shares of Jeld-Wen and gave the company a “buy” rating in a research report on Tuesday, May 8th. Finally, Jefferies Financial Group initiated coverage on shares of Jeld-Wen in a research report on Tuesday, April 17th. They issued a “hold” rating and a $32.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $36.92.

Jeld-Wen opened at $26.33 on Wednesday, Marketbeat reports. The firm has a market cap of $2.87 billion, a PE ratio of 17.79, a PEG ratio of 0.61 and a beta of 2.00. Jeld-Wen has a 12-month low of $25.70 and a 12-month high of $42.27. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.96 and a quick ratio of 1.13.

Jeld-Wen (NYSE:JELD) last released its quarterly earnings data on Tuesday, August 7th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.11). Jeld-Wen had a return on equity of 21.18% and a net margin of 1.16%. sell-side analysts forecast that Jeld-Wen will post 2.03 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. increased its stake in Jeld-Wen by 337.3% in the first quarter. Envestnet Asset Management Inc. now owns 3,791 shares of the company’s stock valued at $114,000 after purchasing an additional 2,924 shares during the period. Summit Trail Advisors LLC increased its stake in Jeld-Wen by 2,656.7% in the first quarter. Summit Trail Advisors LLC now owns 200,689 shares of the company’s stock valued at $201,000 after purchasing an additional 193,409 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its stake in Jeld-Wen by 387.8% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,098 shares of the company’s stock valued at $240,000 after purchasing an additional 4,848 shares during the period. Xact Kapitalforvaltning AB acquired a new position in Jeld-Wen in the fourth quarter valued at $260,000. Finally, Amalgamated Bank increased its stake in Jeld-Wen by 19.1% in the second quarter. Amalgamated Bank now owns 10,717 shares of the company’s stock valued at $306,000 after purchasing an additional 1,721 shares during the period. Institutional investors own 61.88% of the company’s stock.

Jeld-Wen Company Profile

JELD-WEN Holding, Inc manufactures and sells doors and windows primarily in North America, Europe, and Australasia. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; and wood, vinyl, and aluminum windows.

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Analyst Recommendations for Jeld-Wen (NYSE:JELD)

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