JELD-WEN Holding, Inc. (JELD) – What Are Analysts Thinking About This Stock?

JELD-WEN Holding, Inc. (NYSE:JELD) has earned an average recommendation of “Reduce” from the six brokerages that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $2.10.

A number of equities research analysts have recently commented on the stock. Wall Street Zen raised shares of JELD-WEN from a “strong sell” rating to a “sell” rating in a report on Saturday, August 8th. Weiss Ratings raised JELD-WEN from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, September 29th. UBS Group raised their price target on JELD-WEN from $1.60 to $1.80 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Barclays boosted their price target on JELD-WEN from $1.50 to $2.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 5th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $2.00 price objective on shares of JELD-WEN in a research note on Thursday, August 6th.

JELD-WEN Stock Down 10.6%

JELD stock opened at $1.55 on Tuesday. The company has a fifty day moving average price of $1.98 and a 200 day moving average price of $1.63. JELD-WEN has a 12 month low of $0.93 and a 12 month high of $4.92. The company has a market cap of $134.91 million, a price-to-earnings ratio of -0.26 and a beta of 2.23. The company has a debt-to-equity ratio of 97.65, a current ratio of 1.73 and a quick ratio of 0.98.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Pallas Capital Advisors LLC purchased a new stake in shares of JELD-WEN during the second quarter worth approximately $30,000. Wealthfront Advisers LLC acquired a new stake in shares of JELD-WEN during the second quarter worth $34,000. Corient Private Wealth LP acquired a new stake in shares of JELD-WEN during the second quarter worth $39,000. State of Wyoming acquired a new stake in shares of JELD-WEN during the first quarter worth $33,000. Finally, Caitong International Asset Management Co. Ltd grew its position in JELD-WEN by 519.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 28,219 shares of the company’s stock valued at $69,000 after buying an additional 23,663 shares during the last quarter. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

About JELD-WEN

JELD-WEN, Inc is a manufacturer of windows and doors for residential and nonresidential buildings. Its product portfolio includes vinyl, wood, and aluminum windows; patio and entry doors; interior doors; and related building products. The company serves new construction, remodeling, and replacement markets through distribution channels, retail outlets, and building professionals.

Headquartered in Charlotte, North Carolina, JELD-WEN serves customers in North America, Europe, and Australia.