JELD-WEN (NYSE:JELD) Shares Gap Up - Should You Buy?

Key Points

• JELD-WEN's stock price significantly increased from a previous close of $4.64 to an opening of $5.29, reaching a last traded price of $5.90.
• Analysts have largely downgraded JELD-WEN, with firms like Goldman Sachs and Royal Bank of Canada reducing their target prices and ratings, reflecting overall market skepticism.
• In its recent quarterly earnings report, JELD-WEN beat EPS estimates with ($0.17) but reported a 19.1% revenue decline year-over-year, highlighting financial challenges ahead.

JELD-WEN Holding, Inc. (NYSE:JELD - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $4.64, but opened at $5.29. JELD-WEN shares last traded at $5.90, with a volume of 1,319,346 shares traded.

Analyst Ratings Changes

JELD has been the topic of a number of research analyst reports. The Goldman Sachs Group decreased their target price on JELD-WEN from $6.00 to $5.25 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Loop Capital decreased their target price on JELD-WEN from $8.00 to $4.00 and set a "hold" rating on the stock in a research report on Thursday, May 8th. Wall Street Zen downgraded JELD-WEN from a "hold" rating to a "sell" rating in a research report on Wednesday, May 14th. Royal Bank Of Canada decreased their target price on JELD-WEN from $5.00 to $2.00 and set an "underperform" rating on the stock in a research report on Wednesday, May 7th. Finally, Barclays lowered their price objective on JELD-WEN from $5.00 to $4.50 and set an "equal weight" rating for the company in a research note on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $7.34.

JELD-WEN Price Performance

The firm has a market capitalization of $475.94 million, a P/E ratio of -1.38 and a beta of 1.65. The firm has a 50 day moving average price of $4.18 and a 200-day moving average price of $5.47. The company has a current ratio of 1.87, a quick ratio of 1.12 and a debt-to-equity ratio of 2.56.

JELD-WEN (NYSE:JELD - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.19) by $0.02. JELD-WEN had a positive return on equity of 3.70% and a negative net margin of 9.49%. The company had revenue of $776.00 million during the quarter, compared to analysts' expectations of $769.25 million. During the same quarter in the previous year, the business earned $0.21 EPS. JELD-WEN's revenue was down 19.1% compared to the same quarter last year. On average, analysts expect that JELD-WEN Holding, Inc. will post 0.88 earnings per share for the current year.

Institutional Trading of JELD-WEN

A number of large investors have recently modified their holdings of JELD. Turtle Creek Asset Management Inc. lifted its stake in shares of JELD-WEN by 7.2% during the 4th quarter. Turtle Creek Asset Management Inc. now owns 14,842,920 shares of the company's stock worth $121,564,000 after purchasing an additional 1,000,000 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of JELD-WEN by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 8,545,071 shares of the company's stock valued at $69,984,000 after buying an additional 101,944 shares in the last quarter. American Century Companies Inc. lifted its position in JELD-WEN by 0.9% during the first quarter. American Century Companies Inc. now owns 5,829,115 shares of the company's stock valued at $34,800,000 after acquiring an additional 53,175 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in JELD-WEN by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,701,950 shares of the company's stock valued at $30,319,000 after acquiring an additional 146,581 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in JELD-WEN by 11.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,489,949 shares of the company's stock valued at $14,865,000 after acquiring an additional 264,510 shares in the last quarter. Hedge funds and other institutional investors own 95.04% of the company's stock.

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.