JELD-WEN Holding, Inc. (NYSE:JELD) Receives $17.30 Average Target Price from Brokerages

JELD-WEN Holding, Inc. (NYSE:JELD) has been given a consensus recommendation of “Hold” by the eleven ratings firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $17.30.

A number of brokerages have recently weighed in on JELD. Jefferies Financial Group lifted their price objective on JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Barclays dropped their price target on JELD-WEN from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Friday, July 12th. The Goldman Sachs Group lifted their price target on JELD-WEN from $15.00 to $17.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Loop Capital dropped their price target on JELD-WEN from $17.00 to $16.00 and set a “hold” rating on the stock in a research report on Friday, July 19th. Finally, Royal Bank of Canada restated an “underperform” rating and set a $13.00 price target on shares of JELD-WEN in a research report on Wednesday, August 7th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Innealta Capital LLC purchased a new position in shares of JELD-WEN in the second quarter worth $30,000. Allspring Global Investments Holdings LLC raised its stake in shares of JELD-WEN by 790.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,165 shares of the company’s stock worth $46,000 after purchasing an additional 1,922 shares during the last quarter. nVerses Capital LLC purchased a new position in shares of JELD-WEN in the second quarter worth $92,000. Xponance Inc. purchased a new position in shares of JELD-WEN in the second quarter worth $198,000. Finally, Sei Investments Co. raised its stake in shares of JELD-WEN by 13.2% in the second quarter. Sei Investments Co. now owns 17,999 shares of the company’s stock worth $242,000 after purchasing an additional 2,100 shares during the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

JELD-WEN Price Performance

Shares of JELD stock opened at $15.16 on Friday. The firm has a market cap of $1.30 billion, a P/E ratio of 65.91 and a beta of 2.24. JELD-WEN has a fifty-two week low of $11.02 and a fifty-two week high of $21.75. The business’s 50 day moving average price is $14.70 and its 200-day moving average price is $15.72. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.33 and a current ratio of 2.03.

JELD-WEN (NYSE:JELD) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.11. The firm had revenue of $986.00 million for the quarter, compared to analyst estimates of $1 billion. JELD-WEN had a positive return on equity of 14.32% and a negative net margin of 0.92%. The business’s quarterly revenue was down 12.4% compared to the same quarter last year. During the same period last year, the company earned $0.44 EPS. On average, equities research analysts anticipate that JELD-WEN will post 1.29 earnings per share for the current year.

About JELD-WEN

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.