JELD-WEN Holding, Inc. (NYSE:JELD) Receives Consensus Rating of “Reduce” from Analysts

JELD-WEN Holding, Inc. (NYSE:JELDGet Free Report) has earned a consensus recommendation of “Reduce” from the six research firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $2.10.

A number of brokerages recently commented on JELD. UBS Group boosted their price objective on shares of JELD-WEN from $1.60 to $1.80 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of JELD-WEN in a research report on Friday, May 22nd. Wall Street Zen upgraded JELD-WEN from a “strong sell” rating to a “sell” rating in a report on Saturday, August 8th. The Goldman Sachs Group reissued a “neutral” rating and issued a $2.00 price target on shares of JELD-WEN in a research report on Thursday, August 6th. Finally, Barclays upped their price objective on JELD-WEN from $1.50 to $2.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 5th.

Check Out Our Latest Report on JELD-WEN

Institutional Trading of JELD-WEN

Several hedge funds have recently modified their holdings of the company. The Manufacturers Life Insurance Company boosted its holdings in JELD-WEN by 7.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 33,585 shares of the company’s stock worth $132,000 after buying an additional 2,416 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of JELD-WEN by 2.9% during the second quarter. Rhumbline Advisers now owns 132,758 shares of the company’s stock valued at $520,000 after acquiring an additional 3,711 shares during the last quarter. Intech Investment Management LLC raised its holdings in shares of JELD-WEN by 12.5% during the fourth quarter. Intech Investment Management LLC now owns 37,771 shares of the company’s stock valued at $93,000 after acquiring an additional 4,195 shares during the last quarter. Rafferty Asset Management LLC lifted its position in shares of JELD-WEN by 21.8% in the second quarter. Rafferty Asset Management LLC now owns 30,048 shares of the company’s stock valued at $118,000 after acquiring an additional 5,385 shares in the last quarter. Finally, Performa Ltd US LLC lifted its position in shares of JELD-WEN by 73.8% in the fourth quarter. Performa Ltd US LLC now owns 12,950 shares of the company’s stock valued at $32,000 after acquiring an additional 5,500 shares in the last quarter. 95.04% of the stock is owned by hedge funds and other institutional investors.

JELD-WEN Trading Down 0.3%

NYSE JELD opened at $1.93 on Monday. JELD-WEN has a one year low of $0.93 and a one year high of $6.97. The company has a debt-to-equity ratio of 97.65, a quick ratio of 0.98 and a current ratio of 1.73. The company has a market capitalization of $167.01 million, a price-to-earnings ratio of -0.32 and a beta of 2.10. The company’s 50-day simple moving average is $1.50 and its two-hundred day simple moving average is $1.66.

JELD-WEN (NYSE:JELDGet Free Report) last announced its quarterly earnings results on Monday, August 3rd. The company reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.03. JELD-WEN had a negative net margin of 16.36% and a negative return on equity of 246.42%. The firm had revenue of $817.84 million during the quarter, compared to analysts’ expectations of $792.64 million.

JELD-WEN Company Profile

(Get Free Report)

JELD-WEN is a global manufacturer of windows and doors and related building products, serving both residential and commercial markets. The company’s portfolio includes wood, vinyl and aluminum windows; interior wood doors; and exterior doors crafted from steel, fiberglass and composite materials. JELD-WEN’s products are designed for new construction and remodeling applications, with an emphasis on quality, durability and energy efficiency.

Founded in 1960 in Klamath Falls, Oregon, JELD-WEN has grown through a combination of organic expansion and strategic acquisitions to establish a manufacturing footprint in North America, Europe and Australasia.

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Analyst Recommendations for JELD-WEN (NYSE:JELD)

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