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

Key Points

• JELD-WEN received an average “Reduce” rating from six analysts, with one sell rating and five hold ratings. The average 12-month price target is $2.10, close to the stock’s $2.02 opening price.
• The company’s latest quarter exceeded expectations, reporting an adjusted loss of $0.11 per share versus the projected $0.14 loss and revenue of $817.84 million versus the $792.64 million consensus estimate.
• Despite recent analyst price-target increases, JELD-WEN remains financially pressured, with a negative net margin of 16.36%, negative return on equity of 246.42%, and a debt-to-equity ratio of 97.65%; institutional investors own 95.04% of its shares.

JELD-WEN Holding, Inc. (NYSE:JELD - Get Free Report) has earned an average rating of "Reduce" from the six research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $2.10.

A number of brokerages recently commented on JELD. UBS Group boosted their price objective 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. Wall Street Zen upgraded shares of JELD-WEN from a "strong sell" rating to a "sell" rating in a research report on Saturday, August 8th. Barclays lifted their target price on shares of JELD-WEN from $1.50 to $2.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 5th. The Goldman Sachs Group restated a "neutral" rating and set a $2.00 price target on shares of JELD-WEN in a report on Thursday, August 6th. Finally, Weiss Ratings raised shares of JELD-WEN from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Wednesday, September 2nd.

JELD-WEN Stock Down 3.6%

Shares of JELD-WEN stock opened at $2.02 on Friday. JELD-WEN has a 1 year low of $0.93 and a 1 year high of $6.66. The company has a market cap of $175.69 million, a P/E ratio of -0.34 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. The stock has a 50-day moving average price of $1.72 and a 200 day moving average price of $1.61.

JELD-WEN (NYSE:JELD - Get Free Report) last released its earnings results on Monday, August 3rd. The company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.03. The company had revenue of $817.84 million for the quarter, compared to analysts' expectations of $792.64 million. JELD-WEN had a negative return on equity of 246.42% and a negative net margin of 16.36%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Pallas Capital Advisors LLC purchased a new stake in shares of JELD-WEN during the 2nd quarter worth about $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 valued at $32,000 after buying an additional 5,500 shares in the last quarter. State of Wyoming bought a new stake in shares of JELD-WEN in the 1st quarter valued at approximately $33,000. Wealthfront Advisers LLC acquired a new position in JELD-WEN in the second quarter worth approximately $34,000. Finally, Banco BTG Pactual S.A. acquired a new position in JELD-WEN in the fourth quarter worth approximately $38,000. Hedge funds and other 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.

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