Jeld-Wen Holding Inc (NYSE:JELD) has earned an average recommendation of “Hold” from the fifteen research firms that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $33.42.
A number of research analysts recently issued reports on JELD shares. Jefferies Financial Group started coverage on shares of Jeld-Wen in a report on Tuesday, April 17th. They issued a “hold” rating and a $32.00 price objective for the company. Zacks Investment Research raised shares of Jeld-Wen from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research report on Tuesday, May 1st. Barclays set a $37.00 target price on shares of Jeld-Wen and gave the company a “buy” rating in a research report on Tuesday, May 8th. Bank of America downgraded shares of Jeld-Wen from a “buy” rating to a “neutral” rating and set a $41.00 price objective for the company. in a research report on Monday, May 14th. Finally, ValuEngine downgraded shares of Jeld-Wen from a “hold” rating to a “sell” rating in a research report on Wednesday, June 13th.
JELD traded down $0.81 on Tuesday, hitting $24.59. 1,085,103 shares of the stock were exchanged, compared to its average volume of 872,659. Jeld-Wen has a 12 month low of $23.44 and a 12 month high of $42.27. The company has a quick ratio of 1.13, a current ratio of 2.03 and a debt-to-equity ratio of 1.91. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of 16.61, a P/E/G ratio of 0.73 and a beta of 2.00.
Jeld-Wen (NYSE:JELD) last posted its quarterly earnings data on Tuesday, August 7th. The company reported $0.45 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.11). Jeld-Wen had a return on equity of 20.44% and a net margin of 0.82%. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. sell-side analysts anticipate that Jeld-Wen will post 1.86 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of JELD. Pzena Investment Management LLC raised its stake in shares of Jeld-Wen by 19.6% during the 2nd quarter. Pzena Investment Management LLC now owns 6,792,253 shares of the company’s stock worth $194,191,000 after purchasing an additional 1,112,746 shares during the period. Hound Partners LLC raised its stake in shares of Jeld-Wen by 1,758.2% during the 1st quarter. Hound Partners LLC now owns 5,326,194 shares of the company’s stock worth $163,088,000 after purchasing an additional 5,039,555 shares during the period. BlackRock Inc. raised its stake in shares of Jeld-Wen by 5.3% during the 2nd quarter. BlackRock Inc. now owns 5,123,761 shares of the company’s stock worth $146,490,000 after purchasing an additional 257,406 shares during the period. IMS Capital Management raised its stake in shares of Jeld-Wen by 33.0% during the 2nd quarter. IMS Capital Management now owns 1,918,801 shares of the company’s stock worth $54,859,000 after purchasing an additional 475,707 shares during the period. Finally, Cannell Peter B & Co. Inc. raised its stake in shares of Jeld-Wen by 11.6% during the 1st quarter. Cannell Peter B & Co. Inc. now owns 1,520,187 shares of the company’s stock worth $46,548,000 after purchasing an additional 158,075 shares during the period. 61.88% of the stock is owned by institutional investors and hedge funds.
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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