JELD-WEN Holding, Inc. (NYSE:JELD – Get Free Report) has earned 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 given 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 equities analysts have issued reports on JELD shares. Wall Street Zen upgraded JELD-WEN from a “strong sell” rating to a “sell” rating in a research 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 report on Thursday, August 6th. UBS Group raised their price target on JELD-WEN from $1.60 to $1.80 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Weiss Ratings upgraded JELD-WEN from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, September 29th. 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 report on Wednesday, August 5th.
Get Our Latest Analysis on JELD-WEN
JELD-WEN Stock Down 19.2%
JELD-WEN (NYSE:JELD – Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate 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%.
Institutional Investors Weigh In On JELD-WEN
Several institutional investors have recently made changes to their positions in the stock. Squarepoint Ops LLC acquired a new position in shares of JELD-WEN during the 2nd quarter worth $216,000. Corient Private Wealth LP purchased a new position in shares of JELD-WEN in the 2nd quarter valued at about $40,000. Empowered Funds LLC purchased a new position in shares of JELD-WEN in the 2nd quarter valued at about $56,000. Jefferies Financial Group Inc. acquired a new stake in shares of JELD-WEN in the second quarter valued at about $1,133,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of JELD-WEN in the second quarter valued at about $51,000. 95.04% of the stock is currently owned by hedge funds and other institutional investors.
JELD-WEN Company Profile
JELD-WEN, Inc is a manufacturer of windows and doors for residential and nonresidential buildings. Its product portfolio includes vinyl, wood, and aluminum windows; patio and entry doors; interior doors; and related building products. The company serves new construction, remodeling, and replacement markets through distribution channels, retail outlets, and building professionals.
Headquartered in Charlotte, North Carolina, JELD-WEN serves customers in North America, Europe, and Australia.
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