Macquarie started coverage on shares of Jeld-Wen (NYSE:JELD) in a research note issued to investors on Wednesday, MarketBeat.com reports. The brokerage set a “buy” rating and a $35.00 price target on the stock. Macquarie’s target price would indicate a potential upside of 40.62% from the company’s current price.

JELD has been the topic of several other reports. ValuEngine lowered Jeld-Wen from a “hold” rating to a “sell” rating in a research note on Wednesday, June 13th. Zacks Investment Research lowered Jeld-Wen from a “hold” rating to a “sell” rating in a research note on Wednesday, July 11th. Deutsche Bank lowered their target price on Jeld-Wen from $35.00 to $31.00 and set a “hold” rating on the stock in a research note on Monday, June 25th. Barclays lowered their target price on Jeld-Wen from $37.00 to $35.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 8th. Finally, Bank of America lowered Jeld-Wen from a “neutral” rating to an “underperform” rating and set a $29.00 target price on the stock. in a research note on Wednesday, August 8th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $33.15.

Shares of JELD opened at $24.89 on Wednesday. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of 16.82, a PEG ratio of 0.73 and a beta of 1.68. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.21 and a current ratio of 2.03. Jeld-Wen has a 1 year low of $23.44 and a 1 year high of $42.27.

Jeld-Wen (NYSE:JELD) last issued its earnings results 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). The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. Jeld-Wen had a net margin of 0.82% and a return on equity of 20.44%. research analysts anticipate that Jeld-Wen will post 1.86 earnings per share for the current fiscal year.

In other news, EVP Peter Maxwell sold 4,982 shares of Jeld-Wen stock in a transaction on Tuesday, September 18th. The stock was sold at an average price of $26.16, for a total value of $130,329.12. Following the completion of the transaction, the executive vice president now directly owns 17,136 shares in the company, valued at $448,277.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 4.55% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its position in shares of 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 in the last quarter. Caption Management LLC purchased a new position in Jeld-Wen during the second quarter worth about $143,000. Amalgamated Bank grew its position in Jeld-Wen by 19.1% during the second quarter. Amalgamated Bank now owns 10,717 shares of the company’s stock worth $306,000 after buying an additional 1,721 shares in the last quarter. Xact Kapitalforvaltning AB grew its position in Jeld-Wen by 78.8% during the first quarter. Xact Kapitalforvaltning AB now owns 11,800 shares of the company’s stock worth $361,000 after buying an additional 5,200 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System grew its position in Jeld-Wen by 41.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 12,938 shares of the company’s stock worth $396,000 after buying an additional 3,798 shares in the last quarter. Institutional investors own 64.43% of the company’s stock.

About Jeld-Wen

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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