JELD-WEN Holding, Inc. (NYSE:JELD) Receives Consensus Rating of “Hold” from Analysts

Shares of JELD-WEN Holding, Inc. (NYSE:JELD) have earned an average recommendation of “Hold” from the eleven brokerages that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $17.30.

Several equities research analysts have recently weighed in on JELD shares. Barclays reduced their price objective on JELD-WEN from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Friday, July 12th. Royal Bank of Canada reissued an “underperform” rating and issued a $13.00 price target on shares of JELD-WEN in a research note on Wednesday, August 7th. Loop Capital reduced their price objective on shares of JELD-WEN from $17.00 to $16.00 and set a “hold” rating for the company in a research note on Friday, July 19th. Jefferies Financial Group lifted their target price on shares of JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, The Goldman Sachs Group upped their price target on shares of JELD-WEN from $15.00 to $17.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th.

Institutional Investors Weigh In On JELD-WEN

A number of large investors have recently added to or reduced their stakes in JELD. First Eagle Investment Management LLC boosted its holdings in JELD-WEN by 33.7% during the first quarter. First Eagle Investment Management LLC now owns 336,684 shares of the company’s stock valued at $7,148,000 after acquiring an additional 84,900 shares during the period. Vaughan Nelson Investment Management L.P. grew its holdings in JELD-WEN by 319.9% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,335,245 shares of the company’s stock valued at $17,985,000 after buying an additional 1,017,275 shares during the last quarter. Victory Capital Management Inc. grew its holdings in JELD-WEN by 64.7% in the 2nd quarter. Victory Capital Management Inc. now owns 172,126 shares of the company’s stock valued at $2,319,000 after buying an additional 67,604 shares during the last quarter. Edgestream Partners L.P. bought a new position in JELD-WEN in the 2nd quarter worth approximately $817,000. Finally, Engine Capital Management LP lifted its holdings in shares of JELD-WEN by 223.6% during the second quarter. Engine Capital Management LP now owns 1,162,303 shares of the company’s stock worth $15,656,000 after buying an additional 803,095 shares during the last quarter. Institutional investors own 95.04% of the company’s stock.

JELD-WEN Price Performance

Shares of NYSE JELD opened at $14.13 on Tuesday. JELD-WEN has a twelve month low of $12.29 and a twelve month high of $21.75. The company has a current ratio of 2.03, a quick ratio of 1.33 and a debt-to-equity ratio of 1.53. The firm has a 50-day moving average of $14.88 and a two-hundred day moving average of $15.11. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of -32.11 and a beta of 2.25.

JELD-WEN (NYSE:JELD) last issued its earnings results on Monday, August 5th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.11. The firm had revenue of $986.00 million during the quarter, compared to analysts’ expectations of $1 billion. JELD-WEN had a negative net margin of 0.92% and a positive return on equity of 14.32%. The firm’s revenue for the quarter was down 12.4% compared to the same quarter last year. During the same period last year, the firm posted $0.44 earnings per share. As a group, analysts expect that JELD-WEN will post 1.29 earnings per share for the current fiscal year.

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.