JELD-WEN Holding, Inc. (NYSE:JELD) Receives Consensus Recommendation of “Reduce” from Analysts

Shares of JELD-WEN Holding, Inc. (NYSE:JELD) have been assigned an average recommendation of “Reduce” from the eight brokerages that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $3.35.

Several equities research analysts have recently commented on the company. Zacks Research raised JELD-WEN from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. The Goldman Sachs Group cut their price target on JELD-WEN from $3.75 to $3.25 and set a “neutral” rating on the stock in a research note on Tuesday, January 13th. Barclays set a $2.50 price target on JELD-WEN in a report on Monday, December 8th. Weiss Ratings reiterated a “sell (e+)” rating on shares of JELD-WEN in a research report on Monday, December 29th. Finally, Jefferies Financial Group upped their target price on shares of JELD-WEN from $2.25 to $2.60 and gave the company a “hold” rating in a research report on Monday, December 15th.

JELD-WEN Price Performance

Shares of JELD stock opened at $1.35 on Friday. JELD-WEN has a 1 year low of $1.24 and a 1 year high of $6.98. The firm’s 50 day moving average is $2.34 and its 200-day moving average is $3.31. The firm has a market capitalization of $116.09 million, a price-to-earnings ratio of -0.19 and a beta of 1.76. The company has a current ratio of 1.76, a quick ratio of 0.99 and a debt-to-equity ratio of 12.47.

JELD-WEN (NYSE:JELD) last issued its quarterly earnings results on Tuesday, February 17th. The company reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.19). JELD-WEN had a negative net margin of 18.96% and a negative return on equity of 29.63%. The company had revenue of $801.96 million during the quarter, compared to analyst estimates of $747.20 million. Sell-side analysts forecast that JELD-WEN will post 0.88 EPS for the current fiscal year.

Hedge Funds Weigh In On JELD-WEN

Large investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd boosted its stake in JELD-WEN by 1,859.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 89,266 shares of the company’s stock valued at $220,000 after acquiring an additional 84,710 shares during the last quarter. Aristides Capital LLC bought a new stake in shares of JELD-WEN during the 4th quarter valued at $178,000. Invesco Ltd. lifted its stake in shares of JELD-WEN by 13.6% in the 4th quarter. Invesco Ltd. now owns 155,603 shares of the company’s stock valued at $383,000 after purchasing an additional 18,630 shares during the period. XTX Topco Ltd bought a new position in shares of JELD-WEN in the 4th quarter worth $152,000. Finally, Quadrature Capital Ltd boosted its position in shares of JELD-WEN by 144.1% in the 4th quarter. Quadrature Capital Ltd now owns 47,563 shares of the company’s stock worth $117,000 after purchasing an additional 28,078 shares during the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

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.