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

Shares of JELD-WEN Holding, Inc. (NYSE:JELD) have received a consensus recommendation of “Reduce” from the eight ratings firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating and six have given a hold rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $3.35.

Several research analysts have recently commented on JELD shares. Wall Street Zen downgraded JELD-WEN from a “hold” rating to a “strong sell” rating in a report on Monday, November 10th. The Goldman Sachs Group decreased their target price on JELD-WEN from $3.75 to $3.25 and set a “neutral” rating on the stock in a report on Tuesday, January 13th. Weiss Ratings reiterated a “sell (e+)” rating on shares of JELD-WEN in a research report on Monday, December 29th. 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 report on Monday, December 15th. Finally, Barclays set a $2.50 target price on shares of JELD-WEN in a research report on Monday, December 8th.

Institutional Trading of JELD-WEN

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its stake in shares of JELD-WEN by 66.1% in the 1st quarter. Royal Bank of Canada now owns 53,641 shares of the company’s stock valued at $321,000 after purchasing an additional 21,346 shares during the last quarter. AQR Capital Management LLC boosted its stake in JELD-WEN by 37.5% in the first quarter. AQR Capital Management LLC now owns 375,806 shares of the company’s stock valued at $2,244,000 after acquiring an additional 102,543 shares during the last quarter. Millennium Management LLC grew its holdings in JELD-WEN by 42.7% during the 1st quarter. Millennium Management LLC now owns 902,802 shares of the company’s stock worth $5,390,000 after acquiring an additional 270,226 shares during the period. Empowered Funds LLC raised its position in shares of JELD-WEN by 3.1% during the 1st quarter. Empowered Funds LLC now owns 442,547 shares of the company’s stock valued at $2,642,000 after acquiring an additional 13,115 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of JELD-WEN by 82.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 396,514 shares of the company’s stock valued at $2,367,000 after purchasing an additional 179,615 shares during the period. 95.04% of the stock is currently owned by institutional investors and hedge funds.

JELD-WEN Stock Up 0.3%

Shares of NYSE JELD opened at $1.96 on Monday. JELD-WEN has a 52-week low of $1.70 and a 52-week high of $6.98. The company has a debt-to-equity ratio of 12.47, a quick ratio of 0.99 and a current ratio of 1.76. The business has a fifty day moving average of $2.56 and a two-hundred day moving average of $3.70. The stock has a market cap of $168.35 million, a PE ratio of -0.27 and a beta of 1.77.

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

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.