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

Key Points

• Analysts have given JELD-WEN Holding, Inc. an average rating of "Reduce", with one sell rating and seven hold ratings, and a consensus price target of $6.03.
• Several institutional investors, including Wells Fargo and Barclays, have recently increased their stakes in JELD-WEN, with institutional ownership now at 95.04%.
• The stock saw a recent price increase of 5.7%, opening at $6.39, despite a market cap of $546.05 million and a PE ratio of -1.57.

JELD-WEN Holding, Inc. (NYSE:JELD - Get Free Report) has been given an average rating of "Reduce" by the eight analysts that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $6.0313.

JELD has been the topic of several analyst reports. Jefferies Financial Group increased their price objective on shares of JELD-WEN from $3.75 to $5.25 and gave the company a "hold" rating in a report on Wednesday, August 20th. Barclays increased their price objective on shares of JELD-WEN from $4.50 to $5.00 and gave the company an "equal weight" rating in a report on Thursday, August 7th. Wall Street Zen upgraded shares of JELD-WEN from a "strong sell" rating to a "hold" rating in a report on Saturday, August 9th. Loop Capital cut their price objective on shares of JELD-WEN from $8.00 to $4.00 and set a "hold" rating on the stock in a report on Thursday, May 8th. Finally, UBS Group increased their target price on shares of JELD-WEN from $5.00 to $5.75 and gave the stock a "neutral" rating in a report on Thursday, August 7th.

JELD-WEN Trading Up 4.4%

NYSE JELD traded up $0.29 during trading hours on Monday, hitting $6.75. The company's stock had a trading volume of 1,191,473 shares, compared to its average volume of 1,892,820. The stock has a fifty day moving average of $5.18 and a 200 day moving average of $5.02. JELD-WEN has a twelve month low of $3.27 and a twelve month high of $16.43. The firm has a market capitalization of $576.11 million, a P/E ratio of -1.66 and a beta of 1.68. The company has a quick ratio of 1.04, a current ratio of 1.77 and a debt-to-equity ratio of 2.42.

Institutional Investors Weigh In On JELD-WEN

Several hedge funds have recently bought and sold shares of the company. Turtle Creek Asset Management Inc. raised its holdings in JELD-WEN by 7.2% in the fourth quarter. Turtle Creek Asset Management Inc. now owns 14,842,920 shares of the company's stock worth $121,564,000 after purchasing an additional 1,000,000 shares during the period. American Century Companies Inc. raised its holdings in JELD-WEN by 0.9% in the first quarter. American Century Companies Inc. now owns 5,829,115 shares of the company's stock worth $34,800,000 after purchasing an additional 53,175 shares during the period. Dimensional Fund Advisors LP raised its holdings in JELD-WEN by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,701,950 shares of the company's stock worth $30,319,000 after purchasing an additional 146,581 shares during the period. Federated Hermes Inc. raised its holdings in JELD-WEN by 94.2% in the second quarter. Federated Hermes Inc. now owns 2,707,888 shares of the company's stock worth $10,615,000 after purchasing an additional 1,313,463 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in JELD-WEN by 11.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,489,949 shares of the company's stock worth $14,865,000 after purchasing an additional 264,510 shares during the period. 95.04% of the stock is currently owned by institutional investors and hedge funds.

About JELD-WEN

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.