JELD-WEN Holding, Inc. (NYSE:JELD) Receives Average Recommendation of "Reduce" from Analysts

Key Points

• Consensus "Reduce": Eight brokerages cover JELD-WEN with a consensus recommendation of Reduce (two sell, six hold) and an average 1-year target price of $3.35.
• Shares trade near $1.14 with a market cap of about $98 million; the company missed quarterly EPS (‑$0.42 vs. ‑$0.23 est.) despite a revenue beat, and shows negative profitability (ROE ‑29.6%, net margin ‑18.96%) and very high leverage (debt/equity 12.47).
• Institutional ownership is high (about 95% held by hedge funds and other institutions), while analysts have recently adjusted views and targets (Goldman Sachs cut its target to $3.25, Jefferies raised to $2.60, Zacks upgraded to hold, Weiss reiterated a sell).

JELD-WEN Holding, Inc. (NYSE:JELD - Get Free Report) has been assigned a consensus recommendation of "Reduce" from the eight brokerages that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $3.35.

Several analysts have recently issued reports on the company. The Goldman Sachs Group reduced their price objective on JELD-WEN from $3.75 to $3.25 and set a "neutral" rating on the stock in a research report on Tuesday, January 13th. Jefferies Financial Group increased their target price on JELD-WEN from $2.25 to $2.60 and gave the stock a "hold" rating in a research report on Monday, December 15th. Zacks Research upgraded JELD-WEN from a "strong sell" rating to a "hold" rating in a report on Tuesday, January 6th. Finally, Weiss Ratings restated a "sell (e+)" rating on shares of JELD-WEN in a report on Monday, December 29th.

JELD-WEN Price Performance

JELD-WEN stock opened at $1.14 on Tuesday. The business has a 50 day simple moving average of $1.75 and a 200-day simple moving average of $2.69. JELD-WEN has a 12 month low of $0.93 and a 12 month high of $6.98. The stock has a market capitalization of $97.96 million, a PE ratio of -0.16 and a beta of 1.91. The company has a debt-to-equity ratio of 12.47, a current ratio of 1.76 and a quick ratio of 0.99.

JELD-WEN (NYSE:JELD - Get Free Report) last announced its quarterly earnings data on Tuesday, February 17th. The company reported ($0.42) earnings per share for the quarter, missing analysts' consensus estimates of ($0.23) by ($0.19). The business had revenue of $801.96 million for the quarter, compared to analyst estimates of $747.20 million. JELD-WEN had a negative return on equity of 29.63% and a negative net margin of 18.96%. Equities analysts predict that JELD-WEN will post 0.88 earnings per share for the current year.

Hedge Funds Weigh In On JELD-WEN

Large investors have recently modified their holdings of the company. Quarry LP purchased a new position in shares of JELD-WEN in the 3rd quarter worth about $49,000. Performa Ltd US LLC raised its holdings 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 worth $32,000 after purchasing an additional 5,500 shares during the period. Zacks Investment Management purchased a new position in shares of JELD-WEN in the 3rd quarter worth about $64,000. GAMMA Investing LLC raised its holdings in shares of JELD-WEN by 264.0% in the 4th quarter. GAMMA Investing LLC now owns 13,443 shares of the company's stock worth $33,000 after purchasing an additional 9,750 shares during the period. Finally, Oak Thistle LLC purchased a new position in shares of JELD-WEN in the 3rd quarter worth about $68,000. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

JELD-WEN Company Profile

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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