Shares of Jeld-Wen Holding Inc (NYSE:JELD) have received a consensus recommendation of “Hold” from the seventeen research firms that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $23.36.
Several research analysts have weighed in on the company. Royal Bank of Canada set a $28.00 price objective on Jeld-Wen and gave the stock a “buy” rating in a research report on Monday, October 8th. Goldman Sachs Group assumed coverage on Jeld-Wen in a research note on Tuesday, October 2nd. They issued a “buy” rating and a $31.00 price target on the stock. Macquarie started coverage on Jeld-Wen in a research report on Wednesday, September 26th. They set a “buy” rating and a $35.00 target price for the company. Barclays lowered their target price on shares of Jeld-Wen from $35.00 to $32.00 and set a “buy” rating on the stock in a research note on Tuesday, October 9th. Finally, TheStreet cut shares of Jeld-Wen from a “c-” rating to a “d+” rating in a research report on Thursday, October 18th.
Jeld-Wen stock traded down $0.03 during mid-day trading on Friday, reaching $16.37. 1,609,878 shares of the company were exchanged, compared to its average volume of 959,035. Jeld-Wen has a 12-month low of $13.28 and a 12-month high of $41.37. The company has a quick ratio of 1.06, a current ratio of 1.75 and a debt-to-equity ratio of 1.89. The firm has a market cap of $1.70 billion, a P/E ratio of 11.06, a P/E/G ratio of 0.75 and a beta of 2.66.
Several hedge funds have recently made changes to their positions in the company. Channing Capital Management LLC increased its position in shares of Jeld-Wen by 583.4% in the third quarter. Channing Capital Management LLC now owns 1,966,637 shares of the company’s stock worth $48,497,000 after purchasing an additional 1,678,868 shares during the period. Southpoint Capital Advisors LP purchased a new position in shares of Jeld-Wen in the 3rd quarter worth $24,660,000. Hound Partners LLC increased its holdings in shares of Jeld-Wen by 9.9% in the third quarter. Hound Partners LLC now owns 8,218,358 shares of the company’s stock worth $202,665,000 after purchasing an additional 737,178 shares during the last quarter. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Jeld-Wen during the third quarter valued at approximately $16,600,000. Finally, Davidson Kempner Capital Management LP increased its position in shares of Jeld-Wen by 146.2% during the second quarter. Davidson Kempner Capital Management LP now owns 800,000 shares of the company’s stock worth $22,872,000 after purchasing an additional 475,000 shares in the last quarter. 65.38% of the stock is owned by institutional investors.
JELD-WEN Holding, Inc manufactures and sells doors and windows primarily in North America, Europe, and Australasia. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; and wood, vinyl, and aluminum windows.
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