Wall Street Zen Upgrades JELD-WEN (NYSE:JELD) to "Hold"

Key Points

• JELD-WEN's stock rating has been upgraded from a "strong sell" to a "hold" by Wall Street Zen, reflecting a shift in analyst sentiment.
• Various research firms have lowered their price targets for JELD-WEN, with Royal Bank of Canada reducing it from $5.00 to $2.00 and Loop Capital from $8.00 to $4.00, while UBS raised theirs from $5.00 to $5.75.
• JELD-WEN has an average price target of $7.50 from analysts, indicating mixed opinions about the stock amid recent rating changes.

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

Several other analysts also recently issued reports on the stock. Royal Bank Of Canada decreased their price objective 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. The Goldman Sachs Group cut their target price on shares of JELD-WEN from $6.00 to $5.25 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Loop Capital cut their target price on shares of JELD-WEN from $8.00 to $4.00 and set a "hold" rating for the company in a research note on Thursday, May 8th. Barclays upped their target price on shares of JELD-WEN from $4.50 to $5.00 and gave the company an "equal weight" rating in a research note on Thursday, August 7th. Finally, UBS Group upped their target price on shares of JELD-WEN from $5.00 to $5.75 and gave the company a "neutral" rating in a research note on Thursday, August 7th. One investment analyst has rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $7.50.

JELD-WEN Stock Performance

Shares of NYSE JELD traded up $0.26 during trading hours on Friday, hitting $5.86. 384,435 shares of the stock were exchanged, compared to its average volume of 1,561,377. The company has a debt-to-equity ratio of 2.42, a current ratio of 1.77 and a quick ratio of 1.04. The company's 50 day moving average is $4.36 and its 200 day moving average is $5.33. The firm has a market capitalization of $500.46 million, a P/E ratio of -1.45 and a beta of 1.65. JELD-WEN has a one year low of $3.27 and a one year high of $16.43.

Hedge Funds Weigh In On JELD-WEN

A number of hedge funds have recently made changes to their positions in JELD. JPMorgan Chase & Co. grew its holdings in shares of JELD-WEN by 64.0% in the 4th quarter. JPMorgan Chase & Co. now owns 213,281 shares of the company's stock worth $1,747,000 after purchasing an additional 83,203 shares during the last quarter. Norges Bank bought a new stake in shares of JELD-WEN in the 4th quarter worth about $1,694,000. Wells Fargo & Company MN grew its holdings in shares of JELD-WEN by 45.8% in the 4th quarter. Wells Fargo & Company MN now owns 51,214 shares of the company's stock worth $419,000 after purchasing an additional 16,091 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of JELD-WEN in the 4th quarter worth about $455,000. Finally, Barclays PLC grew its holdings in shares of JELD-WEN by 4.7% in the 4th quarter. Barclays PLC now owns 164,293 shares of the company's stock worth $1,344,000 after purchasing an additional 7,383 shares during the last quarter. Institutional investors and hedge funds 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.