Shares of Jeld-Wen Holding Inc (NYSE:JELD) have been assigned an average rating of “Hold” from the seventeen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and two 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 $23.36.
Several brokerages have recently issued reports on JELD. Macquarie assumed coverage on Jeld-Wen in a research report on Wednesday, September 26th. They issued a “buy” rating and a $35.00 target price for the company. Goldman Sachs Group started coverage on shares of Jeld-Wen in a research note on Tuesday, October 2nd. They issued a “buy” rating and a $31.00 price target on the stock. Robert W. Baird cut shares of Jeld-Wen from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $34.00 to $23.00 in a research report on Monday, October 8th. Royal Bank of Canada set a $28.00 price target on shares of Jeld-Wen and gave the company a “buy” rating in a report on Monday, October 8th. Finally, Barclays reduced their price objective on shares of Jeld-Wen from $35.00 to $32.00 and set a “buy” rating on the stock in a research note on Tuesday, October 9th.
Shares of NYSE JELD traded down $0.03 on Friday, hitting $16.37. The company’s stock had a trading volume of 1,609,878 shares, compared to its average volume of 959,035. Jeld-Wen has a 12-month low of $13.28 and a 12-month high of $41.37. The company has a market capitalization of $1.70 billion, a PE ratio of 11.06, a price-to-earnings-growth ratio of 0.75 and a beta of 2.66. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.75 and a quick ratio of 1.06.
Jeld-Wen (NYSE:JELD) last announced its earnings results on Tuesday, November 6th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.13). Jeld-Wen had a return on equity of 19.06% and a net margin of 0.26%. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period last year, the firm posted $0.55 EPS. The company’s revenue was up 14.7% compared to the same quarter last year. On average, analysts forecast that Jeld-Wen will post 1.51 EPS for the current fiscal year.
Hedge funds have recently modified their holdings of the company. Teachers Advisors LLC increased its holdings in shares of Jeld-Wen by 0.8% during the 3rd quarter. Teachers Advisors LLC now owns 239,389 shares of the company’s stock worth $5,903,000 after buying an additional 1,907 shares during the last quarter. Southpoint Capital Advisors LP acquired a new stake in shares of Jeld-Wen in the 3rd quarter worth about $24,660,000. MetLife Investment Advisors LLC grew its stake in shares of Jeld-Wen by 55.0% in the 3rd quarter. MetLife Investment Advisors LLC now owns 48,877 shares of the company’s stock worth $1,205,000 after purchasing an additional 17,340 shares during the last quarter. Verition Fund Management LLC acquired a new stake in shares of Jeld-Wen during the third quarter worth approximately $442,000. Finally, Hound Partners LLC raised its position in shares of Jeld-Wen by 9.9% in the third quarter. Hound Partners LLC now owns 8,218,358 shares of the company’s stock valued at $202,665,000 after purchasing an additional 737,178 shares during the period. 65.38% of the stock is currently owned by institutional investors and hedge funds.
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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