JELD-WEN Holding, Inc. (JELD) – What Are Investment Firms Thinking About This Stock?

Shares of JELD-WEN Holding, Inc. (NYSE:JELD) have been assigned an average rating of “Reduce” from the six analysts that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $2.10.

Several research firms recently issued reports on JELD. Barclays upped their price objective on JELD-WEN from $1.50 to $2.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 5th. Wall Street Zen upgraded JELD-WEN from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th. Weiss Ratings raised JELD-WEN from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, September 29th. The Goldman Sachs Group reissued a “neutral” rating and issued a $2.00 target price on shares of JELD-WEN in a report on Thursday, August 6th. Finally, UBS Group boosted their price target on JELD-WEN from $1.60 to $1.80 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th.

Hedge Funds Weigh In On JELD-WEN

Several hedge funds and other institutional investors have recently bought and sold shares of JELD. Public Employees Retirement System of Ohio raised its holdings in JELD-WEN by 4.4% during the first quarter. Public Employees Retirement System of Ohio now owns 162,062 shares of the company’s stock valued at $201,000 after acquiring an additional 6,786 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of JELD-WEN by 70.2% in the first quarter. PNC Financial Services Group Inc. now owns 38,783 shares of the company’s stock valued at $48,000 after acquiring an additional 15,998 shares in the last quarter. Pallas Capital Advisors LLC bought a new position in shares of JELD-WEN in the second quarter worth about $30,000. Wealthfront Advisers LLC bought a new position in shares of JELD-WEN in the second quarter worth about $34,000. Finally, Corient Private Wealth LP bought a new position in shares of JELD-WEN in the second quarter worth about $39,000. Institutional investors own 95.04% of the company’s stock.

JELD-WEN Trading Down 7.4%

Shares of NYSE JELD opened at $1.26 on Friday. The firm’s 50 day moving average price is $1.82 and its 200-day moving average price is $1.76. The company has a market cap of $109.32 million, a PE ratio of -0.21 and a beta of 2.23. JELD-WEN has a 52-week low of $0.93 and a 52-week high of $4.44. The company has a debt-to-equity ratio of 97.65, a quick ratio of 0.98 and a current ratio of 1.73.

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

JELD-WEN Company Profile

JELD-WEN Holding, Inc is a manufacturer of windows and doors for residential and commercial construction and remodeling markets. Its products include vinyl, wood, aluminum and composite windows, as well as interior and exterior doors, patio doors and related building products.

The company sells products through building-product distributors, dealers, retail outlets and other channels. Its brands and product offerings serve new construction, repair and remodeling, and replacement applications, with products designed for homes, offices and other buildings.

Founded in 1960 in Klamath Falls, Oregon, JELD-WEN has expanded into an international building-products company serving customers in North America, Europe and Australia.