JELD-WEN (NYSE:JELD) Stock Rating Lowered by Wall Street Zen

JELD-WEN (NYSE:JELD) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

Several other research firms also recently issued reports on JELD. Barclays upped their price objective on JELD-WEN from $4.50 to $5.00 and gave the company an “equal weight” rating in a research note on Thursday, August 7th. UBS Group boosted their target price on shares of JELD-WEN from $5.00 to $5.75 and gave the stock a “neutral” rating in a report on Thursday, August 7th. Jefferies Financial Group raised their price target on shares of JELD-WEN from $3.75 to $5.25 and gave the company a “hold” rating in a research note on Wednesday, August 20th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of JELD-WEN in a report on Tuesday, October 14th. Seven investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, JELD-WEN currently has an average rating of “Reduce” and an average price target of $6.03.

JELD-WEN Price Performance

Shares of JELD opened at $4.86 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.77 and a debt-to-equity ratio of 2.42. The stock has a market cap of $414.62 million, a PE ratio of -1.20 and a beta of 1.70. JELD-WEN has a 12-month low of $3.27 and a 12-month high of $14.75. The business has a 50-day simple moving average of $5.48 and a two-hundred day simple moving average of $4.83.

Hedge Funds Weigh In On JELD-WEN

A number of hedge funds have recently bought and sold shares of the company. Phil A. Younker & Associates Ltd. acquired a new position in JELD-WEN in the third quarter valued at $108,000. CWM LLC lifted its stake in shares of JELD-WEN by 111.8% in the 3rd quarter. CWM LLC now owns 41,526 shares of the company’s stock valued at $204,000 after purchasing an additional 21,917 shares during the period. Assenagon Asset Management S.A. bought a new stake in shares of JELD-WEN during the 3rd quarter valued at about $3,406,000. Oak Thistle LLC acquired a new stake in JELD-WEN during the third quarter worth approximately $68,000. Finally, Nomura Holdings Inc. acquired a new stake in JELD-WEN during the second quarter worth approximately $4,363,000. Institutional investors own 95.04% of the company’s stock.

JELD-WEN Company Profile

JELD-WEN Holding, Inc designs, manufactures, and sells wood, metal, and composite materials doors, windows, and related building products in North America and Europe. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; stile and rail doors; and wood, vinyl, and wood composite windows.