JELD-WEN Holding, Inc. (NYSE:JELD) Receives Consensus Rating of “Reduce” from Analysts

JELD-WEN Holding, Inc. (NYSE:JELD) has been given a consensus rating of “Reduce” by the nine analysts that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $6.0313.

Several research firms recently weighed in on JELD. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of JELD-WEN in a research note on Tuesday, October 14th. Wall Street Zen raised JELD-WEN from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 9th. Barclays raised their price objective on JELD-WEN from $4.50 to $5.00 and gave the company an “equal weight” rating in a research note on Thursday, August 7th. UBS Group raised their price objective on JELD-WEN from $5.00 to $5.75 and gave the company a “neutral” rating in a research note on Thursday, August 7th. Finally, Jefferies Financial Group lifted their price target on JELD-WEN from $3.75 to $5.25 and gave the company a “hold” rating in a research note on Wednesday, August 20th.

JELD-WEN Stock Performance

JELD opened at $4.72 on Tuesday. The firm has a market cap of $403.09 million, a P/E ratio of -1.16 and a beta of 1.70. JELD-WEN has a 52-week low of $3.27 and a 52-week high of $15.80. The company has a debt-to-equity ratio of 2.42, a quick ratio of 1.04 and a current ratio of 1.77. The business’s fifty day moving average is $5.56 and its 200-day moving average is $4.85.

Hedge Funds Weigh In On JELD-WEN

A number of hedge funds have recently made changes to their positions in the stock. Leavell Investment Management Inc. raised its position in shares of JELD-WEN by 14.0% during the first quarter. Leavell Investment Management Inc. now owns 17,107 shares of the company’s stock worth $102,000 after acquiring an additional 2,107 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in JELD-WEN by 7.8% in the second quarter. The Manufacturers Life Insurance Company now owns 33,585 shares of the company’s stock worth $132,000 after purchasing an additional 2,416 shares in the last quarter. SummerHaven Investment Management LLC increased its holdings in JELD-WEN by 4.5% in the second quarter. SummerHaven Investment Management LLC now owns 62,381 shares of the company’s stock worth $245,000 after purchasing an additional 2,661 shares in the last quarter. Rhumbline Advisers increased its holdings in JELD-WEN by 2.9% in the second quarter. Rhumbline Advisers now owns 132,758 shares of the company’s stock worth $520,000 after purchasing an additional 3,711 shares in the last quarter. Finally, Intech Investment Management LLC increased its holdings in JELD-WEN by 12.3% in the second quarter. Intech Investment Management LLC now owns 40,648 shares of the company’s stock worth $159,000 after purchasing an additional 4,455 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors.

About JELD-WEN

JELD-WEN Holding, Inc designs, manufactures, and sells wood, metal, and composite materials doors, windows, and related building products in North America and Europe. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; stile and rail doors; and wood, vinyl, and wood composite windows.