JELD-WEN Holding, Inc. (NYSE:JELD) Stock Has Average Price Target of $2.10 According to Brokerages

JELD-WEN Holding, Inc. (NYSE:JELD) has received a consensus rating of “Reduce” from the six ratings firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $2.10.

A number of research analysts recently weighed in on the company. Barclays upped their price objective on JELD-WEN from $1.50 to $2.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 5th. The Goldman Sachs Group restated a “neutral” rating and set a $2.00 target price on shares of JELD-WEN in a research report on Thursday, August 6th. Weiss Ratings upgraded shares of JELD-WEN from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, September 29th. Wall Street Zen raised shares of JELD-WEN from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th. Finally, UBS Group increased their price target on shares of JELD-WEN from $1.60 to $1.80 and gave the company a “neutral” rating in a report on Wednesday, August 5th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in JELD. Squarepoint Ops LLC acquired a new stake in shares of JELD-WEN in the 2nd quarter worth approximately $216,000. Corient Private Wealth LP acquired a new position in JELD-WEN during the second quarter worth $40,000. Empowered Funds LLC purchased a new stake in JELD-WEN during the second quarter worth $56,000. Jefferies Financial Group Inc. purchased a new stake in JELD-WEN during the second quarter worth $1,133,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in JELD-WEN during the second quarter worth $51,000. 95.04% of the stock is owned by hedge funds and other institutional investors.

JELD-WEN Price Performance

Shares of NYSE:JELD opened at $1.72 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 1.73 and a debt-to-equity ratio of 97.65. The company has a market cap of $148.80 million, a P/E ratio of -0.28 and a beta of 2.23. JELD-WEN has a 52 week low of $0.93 and a 52 week high of $4.92. The company has a 50-day moving average price of $1.98 and a 200 day moving average price of $1.63.

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

About JELD-WEN

JELD-WEN, Inc is a manufacturer of windows and doors for residential and nonresidential buildings. Its product portfolio includes vinyl, wood, and aluminum windows; patio and entry doors; interior doors; and related building products. The company serves new construction, remodeling, and replacement markets through distribution channels, retail outlets, and building professionals.

Headquartered in Charlotte, North Carolina, JELD-WEN serves customers in North America, Europe, and Australia.