Brokerages Set JELD-WEN Holding, Inc. (NYSE:JELD) Price Target at $6.03

JELD-WEN Holding, Inc. (NYSE:JELD) has been given an average rating of “Reduce” by the nine analysts that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating and seven have issued a hold rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $6.0313.

A number of equities research analysts have issued reports on JELD shares. Wall Street Zen upgraded shares of JELD-WEN from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 9th. Barclays increased their price objective on JELD-WEN from $4.50 to $5.00 and gave the stock an “equal weight” rating in a report on Thursday, August 7th. UBS Group lifted their price objective on JELD-WEN from $5.00 to $5.75 and gave the company a “neutral” rating in a research report on Thursday, August 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of JELD-WEN in a research report on Tuesday, October 14th. Finally, Jefferies Financial Group raised their price target on JELD-WEN from $3.75 to $5.25 and gave the stock a “hold” rating in a research note on Wednesday, August 20th.

JELD-WEN Stock Performance

JELD stock opened at $4.77 on Tuesday. The firm has a 50 day simple moving average of $5.50 and a 200 day simple moving average of $4.84. JELD-WEN has a 52 week low of $3.27 and a 52 week high of $14.75. The stock has a market cap of $406.93 million, a P/E ratio of -1.17 and a beta of 1.70. The company has a debt-to-equity ratio of 2.42, a quick ratio of 1.04 and a current ratio of 1.77.

Hedge Funds Weigh In On JELD-WEN

A number of hedge funds have recently added to or reduced their stakes in JELD. GAMMA Investing LLC increased its holdings in JELD-WEN by 1,054.6% in the first quarter. GAMMA Investing LLC now owns 14,710 shares of the company’s stock worth $88,000 after buying an additional 13,436 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in JELD-WEN during the first quarter worth $74,000. Mutual Advisors LLC increased its position in JELD-WEN by 231.7% during the first quarter. Mutual Advisors LLC now owns 132,673 shares of the company’s stock worth $792,000 after buying an additional 92,671 shares during the last quarter. Leavell Investment Management Inc. raised its holdings in JELD-WEN by 14.0% during the first quarter. Leavell Investment Management Inc. now owns 17,107 shares of the company’s stock valued at $102,000 after buying an additional 2,107 shares in the last quarter. Finally, CWM LLC lifted 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 worth $38,000 after buying an additional 6,121 shares during the last quarter. Institutional investors and hedge funds 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.