Brokerages Set JELD-WEN Holding, Inc. (NYSE:JELD) Target Price at $4.16

Shares of JELD-WEN Holding, Inc. (NYSE:JELD) have received a consensus rating of “Reduce” from the nine analysts that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating and six have issued a hold rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $4.1571.

Several research analysts have recently commented on JELD shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of JELD-WEN in a research note on Monday, December 29th. Barclays set a $2.50 target price on shares of JELD-WEN in a report on Monday, December 8th. Jefferies Financial Group raised their target price on shares of JELD-WEN from $2.25 to $2.60 and gave the stock a “hold” rating in a research note on Monday, December 15th. Wall Street Zen lowered shares of JELD-WEN from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th. Finally, Zacks Research cut shares of JELD-WEN from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 26th.

JELD-WEN Price Performance

NYSE JELD opened at $2.56 on Friday. The company has a 50-day moving average price of $2.64 and a 200-day moving average price of $4.24. JELD-WEN has a 52 week low of $1.70 and a 52 week high of $10.09. The company has a quick ratio of 1.01, a current ratio of 1.76 and a debt-to-equity ratio of 10.14. The firm has a market capitalization of $219.04 million, a P/E ratio of -0.34 and a beta of 1.72.

JELD-WEN (NYSE:JELD) last announced its earnings results on Monday, November 3rd. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.38). The business had revenue of $809.48 million for the quarter, compared to the consensus estimate of $823.58 million. JELD-WEN had a negative net margin of 19.28% and a negative return on equity of 13.54%. The business’s quarterly revenue was down 13.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.32 earnings per share. Equities research analysts anticipate that JELD-WEN will post 0.88 earnings per share for the current year.

Institutional Investors Weigh In On JELD-WEN

A number of hedge funds have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership purchased a new position in shares of JELD-WEN in the 3rd quarter worth approximately $9,730,000. Federated Hermes Inc. lifted its position in JELD-WEN by 94.2% in the second quarter. Federated Hermes Inc. now owns 2,707,888 shares of the company’s stock worth $10,615,000 after buying an additional 1,313,463 shares during the last quarter. Millennium Management LLC boosted its stake in JELD-WEN by 76.2% during the third quarter. Millennium Management LLC now owns 2,673,994 shares of the company’s stock worth $13,129,000 after buying an additional 1,156,751 shares during the period. Nomura Holdings Inc. bought a new position in JELD-WEN during the second quarter valued at $4,363,000. Finally, Assenagon Asset Management S.A. bought a new position in JELD-WEN during the third quarter valued at $3,406,000. 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.