JELD-WEN Holding, Inc. (NYSE:JELD) Receives $3.87 Consensus PT from Analysts

JELD-WEN Holding, Inc. (NYSE:JELD) has been assigned a consensus rating of “Reduce” from the nine brokerages that are covering the company, Marketbeat.com reports. Two 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 analysts that have covered the stock in the last year is $3.8714.

JELD has been the subject of several analyst reports. The Goldman Sachs Group reduced their price objective on JELD-WEN from $3.75 to $3.25 and set a “neutral” rating for the company in a research report on Tuesday, January 13th. Zacks Research upgraded JELD-WEN from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Wall Street Zen cut JELD-WEN from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th. Jefferies Financial Group lifted their price objective on shares of JELD-WEN from $2.25 to $2.60 and gave the company a “hold” rating in a research note on Monday, December 15th. Finally, Barclays set a $2.50 target price on shares of JELD-WEN in a research report on Monday, December 8th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in JELD. The Manufacturers Life Insurance Company lifted its position 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 during the period. Rhumbline Advisers increased its position in shares of JELD-WEN by 2.9% during the 2nd quarter. Rhumbline Advisers now owns 132,758 shares of the company’s stock valued at $520,000 after purchasing an additional 3,711 shares during the period. Intech Investment Management LLC raised its stake in shares of JELD-WEN by 12.3% in the 2nd quarter. Intech Investment Management LLC now owns 40,648 shares of the company’s stock worth $159,000 after buying an additional 4,455 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of 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 during the period. Finally, Rafferty Asset Management LLC boosted its stake in JELD-WEN by 21.8% during 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 and hedge funds own 95.04% of the company’s stock.

JELD-WEN Stock Performance

Shares of JELD opened at $2.71 on Thursday. The firm has a fifty day moving average of $2.68 and a 200-day moving average of $4.06. The company has a market cap of $231.86 million, a price-to-earnings ratio of -0.36 and a beta of 1.72. The company has a debt-to-equity ratio of 10.14, a quick ratio of 1.01 and a current ratio of 1.76. JELD-WEN has a 1 year low of $1.70 and a 1 year high of $9.30.

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