JELD-WEN Holding, Inc. (NYSE:JELD) Stock Has Consensus Target Price of $2.10

Key Points

• Analysts maintain a cautious outlook: JELD-WEN has a consensus “Reduce” rating, with one sell and five hold ratings, and an average 12-month price target of $2.10.
• The stock opened at $1.26, well below its 50-day and 200-day moving averages of $1.82 and $1.76, respectively. The company also has a negative P/E ratio, negative net margin, and negative return on equity.
• JELD-WEN’s latest quarterly results surpassed expectations, with an adjusted loss of $0.11 per share versus the $0.14 expected and revenue of $817.84 million. Institutional investors own approximately 95.04% of the company’s shares.

Shares of JELD-WEN Holding, Inc. (NYSE:JELD - Get Free Report) have earned an average recommendation of "Reduce" from the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $2.10.

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

JELD-WEN Stock Down 7.4%

Shares of JELD-WEN stock opened at $1.26 on Friday. The company has a debt-to-equity ratio of 97.65, a current ratio of 1.73 and a quick ratio of 0.98. The company has a 50-day moving average of $1.82 and a 200 day moving average of $1.76. The firm has a market cap of $109.32 million, a price-to-earnings ratio of -0.21 and a beta of 2.23. JELD-WEN has a 1 year low of $0.93 and a 1 year high of $4.44.

JELD-WEN (NYSE:JELD - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The company reported ($0.11) EPS for the quarter, topping the consensus estimate 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 business had revenue of $817.84 million for the quarter, compared to analyst estimates of $792.64 million.

Institutional Investors Weigh In On JELD-WEN

Several hedge funds have recently added to or reduced their stakes in JELD. Covestor Ltd grew its stake in shares of JELD-WEN by 25,698.1% in the third quarter. Covestor Ltd now owns 26,830 shares of the company's stock worth $49,000 after acquiring an additional 26,726 shares during the last quarter. SummerHaven Investment Management LLC bought a new position in shares of JELD-WEN during the third quarter valued at $107,000. Squarepoint Ops LLC purchased a new position in shares of JELD-WEN in the 2nd quarter worth about $216,000. Corient Private Wealth LP purchased a new position in shares of JELD-WEN in the 2nd quarter worth about $40,000. Finally, Empowered Funds LLC purchased a new position in shares of JELD-WEN in the 2nd quarter worth about $56,000. 95.04% of the stock is owned by institutional investors.

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, aluminum and composite windows, as well as interior and exterior doors, patio doors and related building products.

The company sells products through building-product distributors, dealers, retail outlets and other channels. Its brands and product offerings serve new construction, repair and remodeling, and replacement applications, with products designed for homes, offices and other buildings.

Founded in 1960 in Klamath Falls, Oregon, JELD-WEN has expanded into an international building-products company serving customers in North America, Europe and Australia.

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