JELD-WEN Holding, Inc. (NYSE:JELD) Given Consensus Rating of “Reduce” by Brokerages

JELD-WEN Holding, Inc. (NYSE:JELD) has received a consensus recommendation of “Reduce” from the nine analysts that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $4.1571.

Several equities analysts have recently weighed in on JELD shares. Zacks Research upgraded shares of JELD-WEN from a “strong sell” rating to a “hold” rating in a report on Tuesday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of JELD-WEN in a research report on Monday, December 29th. Barclays set a $2.50 price target on JELD-WEN in a research note on Monday, December 8th. Wall Street Zen cut JELD-WEN from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th. Finally, Jefferies Financial Group upped their target price on JELD-WEN from $2.25 to $2.60 and gave the stock a “hold” rating in a research report on Monday, December 15th.

JELD-WEN Price Performance

Shares of JELD opened at $2.42 on Friday. The firm has a market cap of $206.74 million, a PE ratio of -0.32 and a beta of 1.72. JELD-WEN has a 52-week low of $1.70 and a 52-week high of $10.09. The business’s 50 day moving average price is $2.56 and its two-hundred day moving average price is $4.21. The company has a debt-to-equity ratio of 10.14, a quick ratio of 1.01 and a current ratio of 1.76.

JELD-WEN (NYSE:JELD) last released its quarterly earnings data on Monday, November 3rd. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $809.48 million during the quarter, compared to the consensus estimate of $823.58 million. During the same quarter in the prior year, the firm earned $0.32 EPS. The business’s revenue was down 13.4% compared to the same quarter last year. On average, equities analysts anticipate that JELD-WEN will post 0.88 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. increased its position 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 acquiring an additional 5,205 shares in the last quarter. GAMMA Investing LLC boosted its stake in JELD-WEN by 264.0% during the 4th quarter. GAMMA Investing LLC now owns 13,443 shares of the company’s stock valued at $33,000 after purchasing an additional 9,750 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in JELD-WEN during the 2nd quarter worth approximately $49,000. Quarry LP purchased a new stake in shares of JELD-WEN in the third quarter worth approximately $49,000. Finally, Wealth Enhancement Advisory Services LLC bought 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.