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

JELD-WEN Holding, Inc. (NYSE:JELD) has been assigned a consensus rating of “Reduce” from the eight research firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $3.35.

A number of equities research analysts recently weighed in on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of JELD-WEN in a research report on Monday, December 29th. The Goldman Sachs Group reduced their price target on shares of JELD-WEN from $3.75 to $3.25 and set a “neutral” rating for the company in a research report on Tuesday, January 13th. Finally, Zacks Research raised shares of JELD-WEN from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th.

Institutional Investors Weigh In On JELD-WEN

Institutional investors and hedge funds have recently bought and sold shares of the stock. Nomura Holdings Inc. purchased a new stake in JELD-WEN in the second quarter valued at $4,363,000. Assenagon Asset Management S.A. purchased a new stake in JELD-WEN in the third quarter valued at $3,406,000. Tudor Investment Corp ET AL purchased a new stake in shares of JELD-WEN in the third quarter valued at about $2,506,000. Oak Thistle LLC purchased a new stake in shares of JELD-WEN in the third quarter valued at about $68,000. Finally, Parkwoods Wealth Partners LLC purchased a new stake in shares of JELD-WEN in the fourth quarter valued at about $34,000. 95.04% of the stock is owned by hedge funds and other institutional investors.

JELD-WEN Price Performance

JELD-WEN stock opened at $1.29 on Tuesday. JELD-WEN has a 12-month low of $0.93 and a 12-month high of $6.98. The stock has a market cap of $110.91 million, a P/E ratio of -0.18 and a beta of 1.91. The company has a current ratio of 1.76, a quick ratio of 0.99 and a debt-to-equity ratio of 12.47. The company has a fifty day simple moving average of $1.62 and a 200-day simple moving average of $2.60.

JELD-WEN (NYSE:JELD) last announced its quarterly earnings results on Tuesday, February 17th. The company reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.19). JELD-WEN had a negative net margin of 18.96% and a negative return on equity of 29.63%. The company had revenue of $801.96 million during the quarter, compared to analysts’ expectations of $747.20 million. Equities analysts expect that JELD-WEN will post 0.88 EPS for the current fiscal year.

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.