JELD-WEN (NYSE:JELD) Raised to Sell at Wall Street Zen

JELD-WEN (NYSE:JELD) was upgraded by Wall Street Zen from a “strong sell” rating to a “sell” rating in a report released on Saturday.

Several other brokerages have also recently issued reports on JELD. The Goldman Sachs Group restated a “neutral” rating and issued a $2.00 target price on shares of JELD-WEN in a report on Thursday. UBS Group upped their price target on shares of JELD-WEN from $1.60 to $1.80 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Weiss Ratings reissued a “sell (e+)” rating on shares of JELD-WEN in a research report on Friday, May 22nd. Finally, Barclays raised their price target on shares of JELD-WEN from $1.50 to $2.00 and gave the stock an “equal weight” rating in a report on Wednesday. Five analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, JELD-WEN currently has an average rating of “Reduce” and an average target price of $2.10.

JELD-WEN Trading Up 0.8%

NYSE JELD opened at $1.91 on Friday. The firm has a market cap of $165.28 million, a PE ratio of -0.32 and a beta of 2.10. JELD-WEN has a 1-year low of $0.93 and a 1-year high of $6.97. The stock has a 50-day moving average of $1.51 and a 200-day moving average of $1.70. The company has a current ratio of 1.73, a quick ratio of 0.98 and a debt-to-equity ratio of 97.65.

JELD-WEN (NYSE:JELD) last posted its quarterly earnings results on Monday, August 3rd. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.03. The business had revenue of $817.84 million for the quarter, compared to analyst estimates of $792.64 million. JELD-WEN had a negative return on equity of 246.42% and a negative net margin of 16.36%.

Institutional Investors Weigh In On JELD-WEN

Hedge funds have recently bought and sold shares of the business. Pallas Capital Advisors LLC purchased a new position in shares of JELD-WEN during the second quarter valued at approximately $30,000. Performa Ltd US LLC grew its stake in shares of JELD-WEN by 73.8% in the 4th quarter. Performa Ltd US LLC now owns 12,950 shares of the company’s stock worth $32,000 after buying an additional 5,500 shares during the last quarter. State of Wyoming purchased a new stake in shares of JELD-WEN in the 1st quarter worth approximately $33,000. Wealthfront Advisers LLC bought a new position in JELD-WEN during the 2nd quarter valued at approximately $34,000. Finally, Aaron Wealth Advisors LLC bought a new position in JELD-WEN during the 4th quarter valued at approximately $36,000. Institutional investors own 95.04% of the company’s stock.

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.