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 eight brokerages that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $3.35.

A number of research analysts recently issued reports on JELD shares. Weiss Ratings restated a “sell (e+)” rating on shares of JELD-WEN in a report on Monday, December 29th. Zacks Research raised shares of JELD-WEN from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Barclays set a $2.50 price target on shares of JELD-WEN in a report on Monday, December 8th. The Goldman Sachs Group lowered their price objective 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, Jefferies Financial Group raised their price objective on JELD-WEN from $2.25 to $2.60 and gave the stock a “hold” rating in a research note on Monday, December 15th.

Hedge Funds Weigh In On JELD-WEN

Several institutional investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company grew its position in shares of JELD-WEN by 7.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 33,585 shares of the company’s stock valued at $132,000 after purchasing an additional 2,416 shares during the period. Rhumbline Advisers increased its stake in JELD-WEN by 2.9% during the 2nd 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. Intech Investment Management LLC raised its holdings in JELD-WEN by 12.5% during the 4th quarter. Intech Investment Management LLC now owns 37,771 shares of the company’s stock worth $93,000 after buying an additional 4,195 shares during the period. PNC Financial Services Group Inc. lifted its stake in JELD-WEN by 238.3% in the second quarter. PNC Financial Services Group Inc. now owns 7,389 shares of the company’s stock valued at $29,000 after buying an additional 5,205 shares in the last quarter. Finally, Rafferty Asset Management LLC lifted its stake in JELD-WEN by 21.8% in the second quarter. Rafferty Asset Management LLC now owns 30,048 shares of the company’s stock valued at $118,000 after buying an additional 5,385 shares in the last quarter. Institutional investors own 95.04% of the company’s stock.

JELD-WEN Price Performance

Shares of JELD opened at $1.35 on Friday. The company has a current ratio of 1.76, a quick ratio of 0.99 and a debt-to-equity ratio of 12.47. JELD-WEN has a 1 year low of $1.24 and a 1 year high of $6.98. The stock has a market cap of $116.09 million, a P/E ratio of -0.19 and a beta of 1.76. The stock’s 50-day moving average price is $2.34 and its two-hundred day moving average price is $3.31.

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

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.