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

Key Points

• JELD-WEN received a consensus “Reduce” rating from six brokerages: one analyst recommends selling, while five rate the stock as a hold. The average 12-month price target is $2.10.
• Recent analysts modestly raised their price targets, with Barclays at $2.00 and UBS at $1.80, while Goldman Sachs maintained a neutral rating with a $2.00 target.
• The company reported quarterly revenue of $817.84 million, exceeding estimates, and an adjusted EPS loss of $0.11 versus the expected loss of $0.14. However, JELD-WEN continues to show negative profitability, including a 16.36% net margin and a 246.42% negative return on equity.

JELD-WEN Holding, Inc. (NYSE:JELD - Get Free Report) has been given a consensus recommendation of "Reduce" by the six brokerages that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $2.10.

A number of equities research analysts recently issued reports on the company. Barclays raised their price target on JELD-WEN from $1.50 to $2.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 5th. UBS Group upped their price objective on JELD-WEN from $1.60 to $1.80 and gave the company a "neutral" rating in a research report on Wednesday, August 5th. Wall Street Zen upgraded JELD-WEN from a "strong sell" rating to a "sell" rating in a research note on Saturday, August 8th. The Goldman Sachs Group reiterated a "neutral" rating and set a $2.00 target price on shares of JELD-WEN in a research report on Thursday, August 6th. Finally, Weiss Ratings reissued a "sell (e+)" rating on shares of JELD-WEN in a research note on Friday, May 22nd.

JELD-WEN Stock Performance

JELD-WEN stock opened at $1.93 on Monday. The company has a debt-to-equity ratio of 97.65, a current ratio of 1.73 and a quick ratio of 0.98. The firm has a market capitalization of $167.01 million, a P/E ratio of -0.32 and a beta of 2.10. JELD-WEN has a 1-year low of $0.93 and a 1-year high of $6.97. The company's 50-day moving average is $1.50 and its 200 day moving average is $1.66.

JELD-WEN (NYSE:JELD - Get Free Report) last announced its earnings results 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 business had revenue of $817.84 million during the quarter, compared to analyst estimates of $792.64 million. JELD-WEN had a negative return on equity of 246.42% and a negative net margin of 16.36%.

Institutional Trading of JELD-WEN

Institutional investors and hedge funds have recently modified their holdings of the stock. Miller Value Partners LLC purchased a new stake in shares of JELD-WEN in the second quarter valued at approximately $10,709,000. Hsbc Holdings PLC purchased a new position in JELD-WEN during the 2nd quarter worth $66,000. Canada Pension Plan Investment Board bought a new stake in JELD-WEN during the 2nd quarter valued at $141,000. Cibc World Market Inc. purchased a new stake in shares of JELD-WEN in the 2nd quarter worth $104,000. Finally, Ieq Capital LLC purchased a new stake in shares of JELD-WEN in the 2nd quarter worth $508,000. Institutional investors own 95.04% of the company's stock.

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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