Brokerages Set JELD-WEN Holding, Inc. (NYSE:JELD) PT at $2.10

JELD-WEN Holding, Inc. (NYSE:JELD) has earned a consensus rating of “Reduce” from the six brokerages that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $2.10.

A number of brokerages have recently commented on JELD. Barclays upped their price target on JELD-WEN from $1.50 to $2.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 5th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of JELD-WEN in a research report on Wednesday. UBS Group boosted their target price on shares of JELD-WEN from $1.60 to $1.80 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. The Goldman Sachs Group reiterated a “neutral” rating and set a $2.00 target price on shares of JELD-WEN in a research note on Thursday, August 6th. Finally, Wall Street Zen raised shares of JELD-WEN from a “strong sell” rating to a “sell” rating in a report on Saturday, August 8th.

JELD-WEN Stock Down 0.9%

JELD stock opened at $2.28 on Monday. The stock has a market capitalization of $197.82 million, a price-to-earnings ratio of -0.38 and a beta of 2.10. The company has a 50-day moving average of $1.53 and a two-hundred day moving average of $1.64. JELD-WEN has a 52-week low of $0.93 and a 52-week high of $6.97. The company has a debt-to-equity ratio of 97.65, a current ratio of 1.73 and a quick ratio of 0.98.

JELD-WEN (NYSE:JELD) last posted its quarterly earnings data on Monday, August 3rd. The company reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.03. JELD-WEN had a negative return on equity of 246.42% and a negative net margin of 16.36%.The business had revenue of $817.84 million for the quarter, compared to analyst estimates of $792.64 million.

Institutional Investors Weigh In On JELD-WEN

Hedge funds have recently made changes to their positions in the stock. Pallas Capital Advisors LLC acquired a new stake in JELD-WEN during the second quarter worth about $30,000. Performa Ltd US LLC raised its holdings in 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 acquiring 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 worth approximately $33,000. Wealthfront Advisers LLC bought a new stake in shares of JELD-WEN in the 2nd quarter worth approximately $34,000. Finally, Banco BTG Pactual S.A. acquired a new stake in shares of JELD-WEN during the 4th quarter worth approximately $38,000. Institutional investors own 95.04% of the company’s stock.

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.