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

Key Points

• Analyst sentiment is cautious: Six brokerages give JELD-WEN an average “Reduce” recommendation, with five holds and one sell. The consensus 12-month price target is $2.10.
• The stock is under pressure: JELD-WEN opened at $1.76 and was reported down 6.6%, while trading well below its 12-month high of $4.97.
• Quarterly results exceeded expectations, but profitability remains weak: The company reported an adjusted loss of $0.11 per share versus the expected $0.14 loss and revenue of $817.84 million, yet posted a negative net margin of 16.36% and negative return on equity of 246.42%.

Shares of JELD-WEN Holding, Inc. (NYSE:JELD - Get Free Report) have received an average recommendation of "Reduce" from the six ratings firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $2.10.

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

JELD-WEN Trading Down 6.6%

JELD stock opened at $1.76 on Tuesday. JELD-WEN has a 12 month low of $0.93 and a 12 month high of $4.97. The firm's 50-day moving average is $1.95 and its 200 day moving average is $1.62. The company has a market capitalization of $153.14 million, a PE ratio of -0.29 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 - Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.03. The company had revenue of $817.84 million during the quarter, compared to analysts' expectations 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

A number of institutional investors have recently added to or reduced their stakes in JELD. Miller Value Partners LLC purchased a new stake in shares of JELD-WEN in the 2nd quarter worth approximately $10,709,000. BlackRock Inc. purchased a new position in JELD-WEN during the second quarter valued at approximately $3,668,000. Jefferies Financial Group Inc. bought a new position in JELD-WEN in the second quarter worth approximately $1,133,000. Bank of America Corp DE raised its stake in JELD-WEN by 76.7% in the first quarter. Bank of America Corp DE now owns 490,809 shares of the company's stock worth $609,000 after buying an additional 213,098 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in JELD-WEN during the second quarter worth $691,000. Hedge funds and other institutional investors own 95.04% of the company's stock.

JELD-WEN Company Profile

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.

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