JELD-WEN (NYSE:JELD) Shares Gap Up - What's Next?

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)'s share price 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 changing hands.

Analysts Set New Price Targets

A number of research analysts have weighed in on JELD shares. Loop Capital dropped their price objective on shares of JELD-WEN from $8.00 to $4.00 and set a "hold" rating on the stock in a research note on Thursday, May 8th. Royal Bank Of Canada lowered their target price on shares of JELD-WEN from $5.00 to $2.00 and set an "underperform" rating for the company in a report on Wednesday, May 7th. Barclays increased their target price on shares of JELD-WEN from $4.50 to $5.00 and gave the company an "equal weight" rating in a report on Thursday. The Goldman Sachs Group lowered their target price on shares of JELD-WEN from $6.00 to $5.25 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Finally, UBS Group raised their price objective on shares of JELD-WEN from $5.00 to $5.75 and gave the stock a "neutral" rating in a report on Thursday. One analyst has rated the stock with a sell rating and eight have assigned a hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $7.50.

JELD-WEN Price Performance

The company has a quick ratio of 1.04, a current ratio of 1.77 and a debt-to-equity ratio of 2.42. The stock has a market cap of $444.93 million, a P/E ratio of -1.28 and a beta of 1.65. The business's 50-day simple moving average is $4.29 and its two-hundred day simple moving average is $5.35.

Hedge Funds Weigh In On JELD-WEN

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. boosted its position in shares of JELD-WEN by 238.3% in the second quarter. PNC Financial Services Group Inc. now owns 7,389 shares of the company's stock valued at $29,000 after acquiring an additional 5,205 shares during the period. CWM LLC boosted its position in shares of JELD-WEN by 2,140.2% in the first quarter. CWM LLC now owns 6,407 shares of the company's stock valued at $38,000 after acquiring an additional 6,121 shares during the period. Quarry LP bought a new stake in JELD-WEN during the fourth quarter valued at approximately $46,000. Y Intercept Hong Kong Ltd bought a new stake in JELD-WEN during the second quarter valued at approximately $49,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of JELD-WEN during the second quarter worth approximately $52,000. Institutional investors own 95.04% of the company's stock.

JELD-WEN Company Profile

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.