Brokerages Set JELD-WEN Holding, Inc. (NYSE:JELD) Target Price at $7.34

Key Points

• JELD-WEN Holding, Inc. has received a consensus recommendation of "Reduce" from eight brokerages, with one analyst rating the stock as a sell and seven as hold.
• UBS Group and Goldman Sachs have significantly lowered their price targets on JELD-WEN shares, with UBS cutting its target from $7.50 to $5.00 and Goldman Sachs from $6.00 to $5.25.
• JELD-WEN reported a negative net margin of 10.03% and a year-over-year revenue decline of 19.1% for the recent quarter, despite beating earnings estimates.

JELD-WEN Holding, Inc. (NYSE:JELD - Get Free Report) has been given an average rating of "Reduce" by the eight research firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $7.50.

JELD has been the topic of several recent research reports. UBS Group boosted their price target on shares of JELD-WEN from $5.00 to $5.75 and gave the company a "neutral" rating in a research report on Thursday. Barclays boosted their target price on shares of JELD-WEN from $4.50 to $5.00 and gave the company an "equal weight" rating in a report on Thursday. Loop Capital reduced their price target on shares of JELD-WEN from $8.00 to $4.00 and set a "hold" rating on the stock in a research report on Thursday, May 8th. Royal Bank Of Canada cut their target price on JELD-WEN from $5.00 to $2.00 and set an "underperform" rating for the company in a research note on Wednesday, May 7th. Finally, The Goldman Sachs Group lowered their price target on JELD-WEN from $6.00 to $5.25 and set a "neutral" rating for the company in a report on Wednesday, May 7th.

Hedge Funds Weigh In On JELD-WEN

Several institutional investors have recently bought and sold shares of JELD. Federated Hermes Inc. raised its position in JELD-WEN by 868.6% in the 1st quarter. Federated Hermes Inc. now owns 1,394,425 shares of the company's stock valued at $8,325,000 after purchasing an additional 1,250,456 shares in the last quarter. Parkwood LLC acquired a new position in shares of JELD-WEN during the fourth quarter worth about $8,815,000. Turtle Creek Asset Management Inc. increased its stake in shares of JELD-WEN by 7.2% during the fourth quarter. Turtle Creek Asset Management Inc. now owns 14,842,920 shares of the company's stock worth $121,564,000 after buying an additional 1,000,000 shares during the period. IMS Capital Management acquired a new stake in JELD-WEN in the second quarter valued at approximately $2,689,000. Finally, Hotchkis & Wiley Capital Management LLC lifted its stake in JELD-WEN by 131.2% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 1,190,150 shares of the company's stock worth $7,105,000 after acquiring an additional 675,320 shares during the last quarter. 95.04% of the stock is owned by institutional investors and hedge funds.

JELD-WEN Price Performance

Shares of NYSE:JELD traded down $0.12 during midday trading on Thursday, hitting $5.43. The company had a trading volume of 1,931,867 shares, compared to its average volume of 1,525,132. JELD-WEN has a twelve month low of $3.27 and a twelve month high of $16.43. The stock has a market cap of $463.13 million, a price-to-earnings ratio of -1.34 and a beta of 1.65. The company has a debt-to-equity ratio of 2.56, a current ratio of 1.87 and a quick ratio of 1.12. The business's 50-day simple moving average is $4.26 and its 200-day simple moving average is $5.44.

JELD-WEN (NYSE:JELD - Get Free Report) last issued its earnings results on Monday, May 5th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.02. JELD-WEN had a negative return on equity of 1.52% and a negative net margin of 10.03%. The company had revenue of $776.00 million during the quarter, compared to analysts' expectations of $769.25 million. During the same period in the prior year, the business earned $0.21 EPS. The firm's quarterly revenue was down 19.1% on a year-over-year basis. On average, research analysts predict that JELD-WEN will post 0.88 earnings per share for the current 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.