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

JELD-WEN Holding, Inc. (NYSE:JELD) has received a consensus rating of “Reduce” from the six ratings firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $2.10.

A number of equities research analysts recently commented on the company. Wall Street Zen raised JELD-WEN from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th. Barclays raised their target price on JELD-WEN from $1.50 to $2.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 5th. Weiss Ratings raised JELD-WEN from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, September 2nd. UBS Group increased their price target on shares of JELD-WEN from $1.60 to $1.80 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $2.00 price target on shares of JELD-WEN in a research report on Thursday, August 6th.

JELD-WEN Stock Performance

NYSE:JELD opened at $1.86 on Friday. The stock has a market capitalization of $161.81 million, a P/E ratio of -0.31 and a beta of 2.18. 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 has a 1 year low of $0.93 and a 1 year high of $6.02. The firm has a 50 day moving average of $1.79 and a 200-day moving average of $1.61.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Miller Value Partners LLC acquired a new position in JELD-WEN in the second quarter valued at $10,709,000. BlackRock Inc. acquired a new stake in JELD-WEN during the 2nd quarter worth about $3,668,000. Jefferies Financial Group Inc. acquired a new stake in JELD-WEN during the 2nd quarter worth about $1,133,000. Bank of America Corp DE bought a new position in shares of JELD-WEN in the 2nd quarter worth about $723,000. Finally, GSA Capital Partners LLP bought a new position in shares of JELD-WEN in the 2nd quarter worth about $691,000. Institutional investors and hedge funds own 95.04% of the company’s stock.

About JELD-WEN

JELD-WEN Holding, Inc is a manufacturer of windows and doors for residential and commercial construction and remodeling markets. Its products include vinyl, wood and aluminum windows; interior and exterior doors; patio and sliding doors; and related building products.

The company sells products under the JELD-WEN brand and other regional and specialty brands, including LaCantina Doors and VPI Quality Windows. Its offerings are distributed through building-material dealers, retailers and other channels, serving contractors, builders, architects and homeowners.

JELD-WEN traces its origins to a small Oregon millwork operation founded in 1960.