Brokerages Set JELD-WEN Holding, Inc. (NYSE:JELD) PT at $3.87

Shares of JELD-WEN Holding, Inc. (NYSE:JELD) have been given an average recommendation of “Reduce” by the nine ratings firms that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $3.8714.

A number of research firms recently weighed in on JELD. Weiss Ratings restated a “sell (e+)” rating on shares of JELD-WEN in a research note on Monday, December 29th. The Goldman Sachs Group reduced their target price on JELD-WEN from $3.75 to $3.25 and set a “neutral” rating for the company in a report on Tuesday, January 13th. Zacks Research raised shares of JELD-WEN from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Jefferies Financial Group raised 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, Wall Street Zen downgraded shares of JELD-WEN from a “hold” rating to a “strong sell” rating in a report on Monday, November 10th.

JELD-WEN Stock Down 5.7%

Shares of NYSE:JELD opened at $2.57 on Thursday. JELD-WEN has a fifty-two week low of $1.70 and a fifty-two week high of $9.30. 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’s 50-day simple moving average is $2.69 and its 200-day simple moving average is $4.05. The company has a market cap of $219.13 million, a price-to-earnings ratio of -0.34 and a beta of 1.74.

JELD-WEN (NYSE:JELD) last announced its quarterly earnings data on Monday, November 3rd. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $823.58 million. During the same quarter in the previous year, the business earned $0.32 EPS. JELD-WEN’s revenue for the quarter was down 13.4% on a year-over-year basis. As a group, equities research analysts predict that JELD-WEN will post 0.88 earnings per share for the current year.

Hedge Funds Weigh In On JELD-WEN

Hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its position in 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 purchasing an additional 5,205 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of JELD-WEN by 264.0% in the 4th quarter. GAMMA Investing LLC now owns 13,443 shares of the company’s stock worth $33,000 after buying an additional 9,750 shares in the last quarter. Parkwoods Wealth Partners LLC acquired a new stake in JELD-WEN in the 4th quarter valued at about $34,000. Aaron Wealth Advisors LLC purchased a new position in JELD-WEN during the 4th quarter valued at about $36,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in JELD-WEN during the fourth quarter worth about $42,000. 95.04% of the stock is owned by hedge funds and other institutional investors.

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.