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

JELD-WEN Holding, Inc. (NYSE:JELD) has been given an average recommendation of “Hold” by the ten research firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $16.80.

JELD has been the subject of a number of research reports. The Goldman Sachs Group lowered their target price on JELD-WEN from $19.00 to $14.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. Loop Capital lowered their price target on shares of JELD-WEN from $17.00 to $16.00 and set a “hold” rating for the company in a report on Friday, July 19th. Royal Bank of Canada reiterated an “underperform” rating and issued a $13.00 price target on shares of JELD-WEN in a research report on Wednesday, August 7th. Finally, Barclays lowered their price objective on JELD-WEN from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Friday, July 12th.

JELD-WEN Stock Up 3.9 %

Shares of JELD stock opened at $14.54 on Monday. The company has a debt-to-equity ratio of 1.53, a current ratio of 2.03 and a quick ratio of 1.33. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 63.22 and a beta of 2.24. The company’s fifty day moving average price is $14.61 and its 200-day moving average price is $16.20. JELD-WEN has a one year low of $11.02 and a one year high of $21.75.

JELD-WEN (NYSE:JELD) last issued its earnings results on Monday, August 5th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.11. JELD-WEN had a positive return on equity of 14.32% and a negative net margin of 0.92%. The firm had revenue of $986.00 million for the quarter, compared to analysts’ expectations of $1 billion. During the same period in the previous year, the firm posted $0.44 earnings per share. The business’s revenue was down 12.4% compared to the same quarter last year. Sell-side analysts expect that JELD-WEN will post 1.31 EPS for the current fiscal year.

Institutional Trading of JELD-WEN

Several institutional investors and hedge funds have recently modified their holdings of JELD. Allspring Global Investments Holdings LLC grew its holdings in JELD-WEN by 790.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,165 shares of the company’s stock valued at $46,000 after purchasing an additional 1,922 shares during the period. Innealta Capital LLC acquired a new position in JELD-WEN during the 2nd quarter worth $30,000. Quest Partners LLC acquired a new stake in JELD-WEN in the fourth quarter valued at $103,000. nVerses Capital LLC acquired a new stake in shares of JELD-WEN in the 2nd quarter valued at about $92,000. Finally, Xponance Inc. purchased a new position in shares of JELD-WEN during the 2nd quarter worth approximately $198,000. Institutional investors own 95.04% of the company’s stock.

JELD-WEN Company Profile

JELD-WEN Holding, Inc designs, manufactures, and sells wood, metal, and composite materials doors, windows, and related building products in North America and Europe. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; stile and rail doors; and wood, vinyl, and wood composite windows.