JELD-WEN Holding, Inc. (NYSE:JELD) Given Average Rating of “Reduce” by Brokerages

JELD-WEN Holding, Inc. (NYSE:JELD) has earned an average rating of “Reduce” from the six research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $2.10.

A number of brokerages recently commented on JELD. UBS Group boosted their price objective 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. Wall Street Zen upgraded shares of JELD-WEN from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 8th. Barclays lifted their target price on shares of JELD-WEN from $1.50 to $2.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 5th. The Goldman Sachs Group restated a “neutral” rating and set a $2.00 price target on shares of JELD-WEN in a report on Thursday, August 6th. Finally, Weiss Ratings raised shares of JELD-WEN from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, September 2nd.

JELD-WEN Stock Down 3.6%

Shares of JELD-WEN stock opened at $2.02 on Friday. JELD-WEN has a 1 year low of $0.93 and a 1 year high of $6.66. The company has a market cap of $175.69 million, a P/E ratio of -0.34 and a beta of 2.18. The company has a current ratio of 1.73, a quick ratio of 0.98 and a debt-to-equity ratio of 97.65. The stock has a 50-day moving average price of $1.72 and a 200 day moving average price of $1.61.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Pallas Capital Advisors LLC purchased a new stake in shares of JELD-WEN during the 2nd quarter worth about $30,000. Performa Ltd US LLC grew its stake 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 valued at $32,000 after buying an additional 5,500 shares in the last quarter. State of Wyoming bought a new stake in shares of JELD-WEN in the 1st quarter valued at approximately $33,000. Wealthfront Advisers LLC acquired a new position in JELD-WEN in the second quarter worth approximately $34,000. Finally, Banco BTG Pactual S.A. acquired a new position in JELD-WEN in the fourth quarter worth approximately $38,000. Hedge funds and other institutional investors own 95.04% of the company’s stock.

About JELD-WEN

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.