Jeld-Wen Holding Inc (JELD) Receives Consensus Rating of “Hold” from Brokerages

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.

Jeld-Wen (NYSE:JELD) last issued its quarterly earnings results on Tuesday, November 6th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.13). The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.13 billion. Jeld-Wen had a return on equity of 19.06% and a net margin of 0.26%. The company’s revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.55 earnings per share. Equities analysts expect that Jeld-Wen will post 1.51 earnings per share for the current year.

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.

About Jeld-Wen

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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Analyst Recommendations for Jeld-Wen (NYSE:JELD)

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