JELD-WEN Holding, Inc. (NYSE:JELD) Receives Consensus Rating of “Reduce” from Analysts

JELD-WEN Holding, Inc. (NYSE:JELD) has earned an average recommendation of “Reduce” from the nine analysts that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $15.40.

JELD has been the subject of several recent research reports. StockNews.com started coverage on JELD-WEN in a report on Thursday, October 5th. They set a “buy” rating for the company. The Goldman Sachs Group increased their price objective on JELD-WEN from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 7th. Barclays cut their price target on JELD-WEN from $18.00 to $15.00 and set an “equal weight” rating on the stock in a report on Thursday, October 12th. JPMorgan Chase & Co. lifted their price target on JELD-WEN from $17.50 to $18.00 and gave the company a “neutral” rating in a report on Monday, November 13th. Finally, Royal Bank of Canada boosted their target price on JELD-WEN from $12.00 to $13.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 9th.

JELD-WEN Stock Down 0.8 %

Shares of NYSE:JELD opened at $15.69 on Tuesday. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.08 and a quick ratio of 1.37. The company has a market capitalization of $1.34 billion, a PE ratio of 10.19, a price-to-earnings-growth ratio of 1.20 and a beta of 2.31. JELD-WEN has a 1 year low of $9.00 and a 1 year high of $18.52. The business has a fifty day moving average price of $13.05 and a two-hundred day moving average price of $14.76.

JELD-WEN (NYSE:JELD) last announced its quarterly earnings data on Monday, November 6th. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.17. JELD-WEN had a return on equity of 19.74% and a net margin of 2.75%. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period last year, the firm posted $0.71 EPS. JELD-WEN’s revenue for the quarter was down 16.9% compared to the same quarter last year. Analysts forecast that JELD-WEN will post 1.38 earnings per share for the current year.

Institutional Investors Weigh In On JELD-WEN

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Diversified Trust Co boosted its position in shares of JELD-WEN by 24.6% during the 3rd quarter. Diversified Trust Co now owns 22,773 shares of the company’s stock valued at $304,000 after acquiring an additional 4,496 shares in the last quarter. Morgan Stanley lifted its holdings in shares of JELD-WEN by 19.3% during the 3rd quarter. Morgan Stanley now owns 1,471,542 shares of the company’s stock valued at $19,660,000 after purchasing an additional 237,864 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in JELD-WEN by 26.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 42,459 shares of the company’s stock valued at $567,000 after acquiring an additional 8,978 shares in the last quarter. Legal & General Group Plc lifted its position in JELD-WEN by 7.3% in the 3rd quarter. Legal & General Group Plc now owns 78,376 shares of the company’s stock valued at $1,047,000 after acquiring an additional 5,329 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in JELD-WEN by 42.2% in the 3rd quarter. AQR Capital Management LLC now owns 280,742 shares of the company’s stock valued at $3,751,000 after buying an additional 83,262 shares during the last quarter. Hedge funds and other institutional investors own 92.28% of the company’s stock.

JELD-WEN Company Profile

JELD-WEN Holding, Inc designs, manufactures, and sells doors and windows primarily in North America, Europe, and Australasia. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; and wood, vinyl, aluminum, and wood composite windows.