JELD-WEN (NYSE:JELD) Upgraded to “Hold” at Zacks Research

JELD-WEN (NYSE:JELD) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

A number of other equities analysts also recently issued reports on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of JELD-WEN in a report on Monday, December 29th. Wall Street Zen downgraded shares of JELD-WEN from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th. Barclays set a $2.50 price target on shares of JELD-WEN in a research note on Monday, December 8th. Finally, Jefferies Financial Group upped 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. Seven research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, JELD-WEN has an average rating of “Reduce” and an average price target of $4.16.

JELD-WEN Stock Performance

NYSE:JELD opened at $2.26 on Tuesday. JELD-WEN has a 12 month low of $1.70 and a 12 month high of $10.09. The company has a debt-to-equity ratio of 10.14, a current ratio of 1.76 and a quick ratio of 1.01. The firm has a market capitalization of $192.64 million, a PE ratio of -0.30 and a beta of 1.72. The business’s fifty day moving average price is $2.60 and its 200 day moving average price is $4.22.

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of JELD. PNC Financial Services Group Inc. boosted its stake in shares of JELD-WEN by 238.3% during the second quarter. PNC Financial Services Group Inc. now owns 7,389 shares of the company’s stock worth $29,000 after buying an additional 5,205 shares during the period. GAMMA Investing LLC lifted its position in JELD-WEN by 264.0% during the 4th quarter. GAMMA Investing LLC now owns 13,443 shares of the company’s stock worth $33,000 after acquiring an additional 9,750 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in shares of JELD-WEN in the 2nd quarter valued at approximately $49,000. Quarry LP purchased a new position in shares of JELD-WEN in the 3rd quarter valued at approximately $49,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of JELD-WEN in the second quarter valued at approximately $52,000. 95.04% of the stock is currently owned by institutional investors and hedge funds.

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.