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

Key Points

• JELD-WEN Holding, Inc. has received a consensus rating of "Reduce" from nine analysts, with two analysts recommending a sell and seven recommending a hold.
• The average 12-month price target for JELD-WEN stock among analysts is $6.03, with recent price target adjustments ranging from $4.50 to $5.75.
• Institutional investors own 95.04% of JELD-WEN stock, with several hedge funds increasing their positions in the company recently.

JELD-WEN Holding, Inc. (NYSE:JELD - Get Free Report) has been given a consensus rating of "Reduce" by the nine analysts that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $6.0313.

Several research firms recently weighed in on JELD. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of JELD-WEN in a research note on Tuesday, October 14th. Wall Street Zen raised JELD-WEN from a "strong sell" rating to a "hold" rating in a research note on Saturday, August 9th. Barclays raised their price objective on JELD-WEN from $4.50 to $5.00 and gave the company an "equal weight" rating in a research note on Thursday, August 7th. UBS Group raised their price objective on JELD-WEN from $5.00 to $5.75 and gave the company a "neutral" rating in a research note on Thursday, August 7th. Finally, Jefferies Financial Group lifted their price target on JELD-WEN from $3.75 to $5.25 and gave the company a "hold" rating in a research note on Wednesday, August 20th.

JELD-WEN Stock Performance

JELD opened at $4.72 on Tuesday. The firm has a market cap of $403.09 million, a P/E ratio of -1.16 and a beta of 1.70. JELD-WEN has a 52-week low of $3.27 and a 52-week high of $15.80. The company has a debt-to-equity ratio of 2.42, a quick ratio of 1.04 and a current ratio of 1.77. The business's fifty day moving average is $5.56 and its 200-day moving average is $4.85.

Hedge Funds Weigh In On JELD-WEN

A number of hedge funds have recently made changes to their positions in the stock. Leavell Investment Management Inc. raised its position in shares of JELD-WEN by 14.0% during the first quarter. Leavell Investment Management Inc. now owns 17,107 shares of the company's stock worth $102,000 after acquiring an additional 2,107 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in JELD-WEN by 7.8% in the second quarter. The Manufacturers Life Insurance Company now owns 33,585 shares of the company's stock worth $132,000 after purchasing an additional 2,416 shares in the last quarter. SummerHaven Investment Management LLC increased its holdings in JELD-WEN by 4.5% in the second quarter. SummerHaven Investment Management LLC now owns 62,381 shares of the company's stock worth $245,000 after purchasing an additional 2,661 shares in the last quarter. Rhumbline Advisers increased its holdings in JELD-WEN by 2.9% in the second quarter. Rhumbline Advisers now owns 132,758 shares of the company's stock worth $520,000 after purchasing an additional 3,711 shares in the last quarter. Finally, Intech Investment Management LLC increased its holdings in JELD-WEN by 12.3% in the second quarter. Intech Investment Management LLC now owns 40,648 shares of the company's stock worth $159,000 after purchasing an additional 4,455 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.