Jeld-Wen Holding Inc (NYSE:JELD) Given Consensus Rating of “Hold” by Analysts

Shares of Jeld-Wen Holding Inc (NYSE:JELD) have earned an average recommendation of “Hold” from the fourteen ratings firms that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $21.55.

A number of brokerages have recently commented on JELD. Royal Bank of Canada set a $23.00 price objective on Jeld-Wen and gave the company a “hold” rating in a research report on Wednesday, May 8th. B. Riley set a $21.00 price objective on Jeld-Wen and gave the company a “hold” rating in a research report on Monday, August 12th. Zacks Investment Research downgraded Jeld-Wen from a “hold” rating to a “sell” rating in a research report on Tuesday, July 23rd. Finally, TheStreet raised Jeld-Wen from a “d+” rating to a “c-” rating in a research report on Monday, July 22nd.

A number of hedge funds have recently bought and sold shares of the business. Comerica Bank grew its position in Jeld-Wen by 2.3% during the first quarter. Comerica Bank now owns 25,620 shares of the company’s stock valued at $494,000 after acquiring an additional 588 shares during the period. Envestnet Asset Management Inc. grew its position in Jeld-Wen by 8.1% during the second quarter. Envestnet Asset Management Inc. now owns 14,441 shares of the company’s stock valued at $307,000 after acquiring an additional 1,078 shares during the period. Alambic Investment Management L.P. grew its position in Jeld-Wen by 7.3% during the second quarter. Alambic Investment Management L.P. now owns 16,100 shares of the company’s stock valued at $342,000 after acquiring an additional 1,100 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its position in Jeld-Wen by 6.2% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 19,853 shares of the company’s stock valued at $422,000 after acquiring an additional 1,160 shares during the period. Finally, Parametric Portfolio Associates LLC grew its position in Jeld-Wen by 1.8% during the second quarter. Parametric Portfolio Associates LLC now owns 79,891 shares of the company’s stock valued at $1,696,000 after acquiring an additional 1,443 shares during the period. 61.32% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:JELD traded down $0.78 during midday trading on Friday, reaching $16.52. The company’s stock had a trading volume of 276,428 shares, compared to its average volume of 433,366. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 10.33, a price-to-earnings-growth ratio of 1.04 and a beta of 2.51. The company has a quick ratio of 0.96, a current ratio of 1.66 and a debt-to-equity ratio of 2.11. Jeld-Wen has a 1 year low of $13.28 and a 1 year high of $26.80. The business has a 50 day moving average price of $19.99 and a 200 day moving average price of $19.77.

Jeld-Wen (NYSE:JELD) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.45 EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.05). The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Jeld-Wen had a net margin of 2.47% and a return on equity of 19.84%. Jeld-Wen’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.45 EPS. Sell-side analysts anticipate that Jeld-Wen will post 1.56 earnings per share for the current fiscal year.

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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