Jeld-Wen (JELD) Cut to "Hold" at Zacks Investment Research

Joanna Estrada
February 23, 2018

(NYSE:JELD) has an average volume of 654.37 Million.

Selective Insurance Group, Inc., together with its subsidiaries, provides insurance services and products in the United States. The company's revenue for the quarter was up.3% on a year-over-year basis. equities research analysts anticipate that Jeld-Wen will post 1.64 earnings per share for the current year. It operates in four divisions: Standard Commercial Lines, Standard Personal Lines, Excess and Surplus Lines, and Investments. The stock decreased 3.93% or $1.355 during the last trading session, reaching $33.145. Empire Life Investments Inc. now owns 1,647,321 shares of the company's stock valued at $58,513,000 after buying an additional 75,515 shares during the period. Selective Insurance Group, Inc. It is down 0.00% since February 23, 2017 and is. It has outperformed by 24.73% the S&P500. For the next year, analysts expect that the business will post sales of $4.07 billion per share, with estimates ranging from $4.00 billion to $4.20 billion. (NASDAQ:JELD) to report earnings on Feb, 21 for the fiscal quarter ending Dec 2017.

Since January 1, 0001, it had 0 insider purchases, and 1 insider sale for $33,789 activity. Bank of America upgraded JELD-WEN Holding, inc. Copper Rock Capital Partners Llc owns 556,506 shares or 1.99% of their USA portfolio. The company maintains price to book ratio of 1.70 industry average at 1.29. Stock value has moved between $27.6 - 42.07 in last one year. Prospector Partners Llc, a Connecticut-based fund reported 172,100 shares. Bank of America set a $41.00 target price on shares of Jeld-Wen and gave the stock a "buy" rating in a research note on Thursday. Therefore 63% are positive. Actually, when calculated according to GAAP accounting principles, which factor in "non-cash tax charges and expenses related to the December debt refinancing", what Jeld-Wen reported was an $0.89-per-share loss. Robert W. Baird reaffirmed a "buy" rating and set a $46.00 price target on shares of Jeld-Wen in a report on Tuesday, January 9th. The firm earned "Buy" rating on Thursday, September 7 by Goldman Sachs. Barclays Capital maintained the stock with "Overweight" rating in Wednesday, November 8 report. (NYSE:JELD) has "Outperform" rating given on Monday, February 27 by Wedbush.

By taking a look at the stock's current statistics it can gauged that the stock candle is BULLISH with HIGH volatility.

2/22/2018-Wells Fargo & Co was Downgraded by analysts at Wells Fargo & Co from a "Outperform " rating to a " Market Perform" rating. Citigroup set a $40.00 price target on Jeld-Wen and gave the company a "neutral" rating in a report on Wednesday, February 14th. The firm earned "Outperform" rating on Thursday, February 22 by Robert W. Baird. The firm has "Buy" rating by RBC Capital Markets given on Wednesday, February 14.

"Jeld-Wen completed 2017 by delivering another consecutive quarter of earnings growth and margin improvement", said Mark Beck, president and chief executive officer.

The TTM operating margin for the company stands at 6.3%. The Company designs, produces and distributes a range of interior and exterior doors, wood, vinyl and aluminum windows, and related products for use in the new construction and fix and remodeling, of residential homes, and to an extent, non-residential buildings. It has a 61.21 P/E ratio.

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