JELD-WEN Holding, Inc. (NYSE:JELD) Given Average Rating of “Reduce” by Analysts

Shares of JELD-WEN Holding, Inc. (NYSE:JELDGet Free Report) have received a consensus rating of “Reduce” from the six ratings firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $2.10.

Several analysts have recently issued reports on JELD shares. The Goldman Sachs Group reiterated a “neutral” rating and set a $2.00 price target on shares of JELD-WEN in a research note on Thursday, August 6th. Barclays boosted their target price on JELD-WEN from $1.50 to $2.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 5th. UBS Group upped their target price on JELD-WEN from $1.60 to $1.80 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Weiss Ratings upgraded JELD-WEN from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, September 2nd. Finally, Wall Street Zen raised JELD-WEN from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 8th.

Check Out Our Latest Report on JELD-WEN

JELD-WEN Stock Down 3.6%

JELD stock opened at $2.02 on Friday. The company has a current ratio of 1.73, a quick ratio of 0.98 and a debt-to-equity ratio of 97.65. JELD-WEN has a 1 year low of $0.93 and a 1 year high of $6.66. The company has a fifty day simple moving average of $1.72 and a 200 day simple moving average of $1.61. The firm has a market cap of $175.69 million, a PE ratio of -0.34 and a beta of 2.18.

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

Hedge Funds Weigh In On JELD-WEN

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its holdings in shares of JELD-WEN by 66.1% during the 1st quarter. Royal Bank of Canada now owns 53,641 shares of the company’s stock worth $321,000 after purchasing an additional 21,346 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of JELD-WEN by 37.5% in the first quarter. AQR Capital Management LLC now owns 375,806 shares of the company’s stock valued at $2,244,000 after purchasing an additional 102,543 shares in the last quarter. Millennium Management LLC lifted its position in JELD-WEN by 42.7% in the first quarter. Millennium Management LLC now owns 902,802 shares of the company’s stock worth $5,390,000 after purchasing an additional 270,226 shares during the period. Empowered Funds LLC lifted its position in JELD-WEN by 3.1% in the first quarter. Empowered Funds LLC now owns 442,547 shares of the company’s stock worth $2,642,000 after purchasing an additional 13,115 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in JELD-WEN by 82.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 396,514 shares of the company’s stock worth $2,367,000 after buying an additional 179,615 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors.

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.

Further Reading

Analyst Recommendations for JELD-WEN (NYSE:JELD)

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