JELD-WEN (NYSE:JELD) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of JELD-WEN (NYSE:JELD) from a strong sell rating to a sell rating in a research report released on Saturday.

A number of other analysts have also weighed in on JELD. Barclays upped their target price on shares of JELD-WEN from $1.50 to $2.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 5th. UBS Group boosted their price target on shares of JELD-WEN from $1.60 to $1.80 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $2.00 price target on shares of JELD-WEN in a report on Thursday. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of JELD-WEN in a research report on Friday, May 22nd. Five equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $2.10.

JELD-WEN Stock Down 0.5%

JELD stock opened at $1.88 on Friday. The stock has a 50-day simple moving average of $1.51 and a two-hundred day simple moving average of $1.69. JELD-WEN has a twelve month low of $0.93 and a twelve month high of $6.97. The firm has a market capitalization of $163.11 million, a PE ratio of -0.31 and a beta of 2.10. The company has a quick ratio of 0.98, a current ratio of 1.73 and a debt-to-equity ratio of 97.65.

JELD-WEN (NYSE:JELD) last announced its quarterly earnings results on Monday, August 3rd. The company reported ($0.11) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.03. JELD-WEN had a negative net margin of 16.36% and a negative return on equity of 246.42%. The firm had revenue of $817.84 million for the quarter, compared to the consensus estimate of $792.64 million.

Institutional Investors Weigh In On JELD-WEN

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Pallas Capital Advisors LLC purchased a new position in JELD-WEN in the 2nd quarter worth approximately $30,000. Performa Ltd US LLC increased its holdings in shares of JELD-WEN by 73.8% in the 4th quarter. Performa Ltd US LLC now owns 12,950 shares of the company’s stock worth $32,000 after buying an additional 5,500 shares during the last quarter. State of Wyoming purchased a new stake in shares of JELD-WEN during the 1st quarter valued at $33,000. Wealthfront Advisers LLC purchased a new stake in shares of JELD-WEN during the 2nd quarter valued at $34,000. Finally, Aaron Wealth Advisors LLC purchased a new stake in shares of JELD-WEN during the 4th quarter valued at $36,000. 95.04% of the stock is owned by hedge funds and other institutional investors.

JELD-WEN Company Profile

JELD-WEN is a global manufacturer of windows and doors and related building products, serving both residential and commercial markets. The company’s portfolio includes wood, vinyl and aluminum windows; interior wood doors; and exterior doors crafted from steel, fiberglass and composite materials. JELD-WEN’s products are designed for new construction and remodeling applications, with an emphasis on quality, durability and energy efficiency.

Founded in 1960 in Klamath Falls, Oregon, JELD-WEN has grown through a combination of organic expansion and strategic acquisitions to establish a manufacturing footprint in North America, Europe and Australasia.