JELD-WEN (NYSE:JELD) Lowered to "Strong Sell" Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded JELD-WEN from “sell” to “strong sell”, adding to a generally bearish analyst picture. The stock’s consensus rating is now “Reduce” with an average price target of $2.11.
• Other analysts also turned cautious: UBS cut its target from $3.00 to $1.60 and Goldman Sachs reiterated a neutral rating with a $1.75 target. Overall, five analysts rate the stock Hold and one rates it Sell.
• JELD-WEN reported weaker-than-expected earnings, with quarterly EPS of -$0.50 versus the expected -$0.30, while revenue was roughly in line at $722.13 million. The company also showed deep negative profitability metrics, including a -16.02% net margin and -65.79% return on equity.

JELD-WEN (NYSE:JELD - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "sell" rating to a "strong sell" rating in a research report issued on Saturday.

Other equities research analysts also recently issued reports about the company. UBS Group dropped their target price on JELD-WEN from $3.00 to $1.60 and set a "neutral" rating on the stock in a report on Wednesday. The Goldman Sachs Group restated a "neutral" rating and issued a $1.75 price target on shares of JELD-WEN in a report on Wednesday. Five equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Reduce" and an average price target of $2.11.

JELD-WEN Stock Up 1.5%

Shares of JELD-WEN stock opened at $1.72 on Friday. JELD-WEN has a twelve month low of $0.93 and a twelve month high of $6.98. The stock has a market cap of $147.75 million, a price-to-earnings ratio of -0.29 and a beta of 1.88. The company has a current ratio of 1.68, a quick ratio of 0.99 and a debt-to-equity ratio of 97.65. The company has a fifty day moving average price of $1.41 and a 200 day moving average price of $2.32.

JELD-WEN (NYSE:JELD - Get Free Report) last released its quarterly earnings data on Monday, May 4th. The company reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.30) by ($0.20). The company had revenue of $722.13 million during the quarter, compared to analysts' expectations of $721.62 million. JELD-WEN had a negative net margin of 16.02% and a negative return on equity of 65.79%.

Institutional Trading of JELD-WEN

Institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. raised its holdings in shares of JELD-WEN by 70.2% during the first quarter. PNC Financial Services Group Inc. now owns 38,783 shares of the company's stock worth $48,000 after purchasing an additional 15,998 shares during the period. Inspire Investing LLC lifted its holdings in JELD-WEN by 125.6% in the first quarter. Inspire Investing LLC now owns 436,305 shares of the company's stock worth $541,000 after acquiring an additional 242,883 shares during the last quarter. Phil A. Younker & Associates Ltd. boosted its stake in JELD-WEN by 125.0% in the first quarter. Phil A. Younker & Associates Ltd. now owns 72,000 shares of the company's stock valued at $89,000 after acquiring an additional 40,000 shares during the period. Hsbc Holdings PLC raised its position in shares of JELD-WEN by 39.7% during the 4th quarter. Hsbc Holdings PLC now owns 44,218 shares of the company's stock worth $109,000 after purchasing an additional 12,569 shares during the period. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in shares of JELD-WEN by 1,859.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 89,266 shares of the company's stock worth $220,000 after purchasing an additional 84,710 shares during the last quarter. Institutional investors own 95.04% of the company's stock.

About JELD-WEN

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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