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

JELD-WEN (NYSE:JELD) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Sunday.

A number of other research analysts have also commented on the company. Barclays increased their price objective on JELD-WEN from $4.50 to $5.00 and gave the company an “equal weight” rating in a report on Thursday, August 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of JELD-WEN in a report on Tuesday, October 14th. UBS Group increased their price objective on JELD-WEN from $5.00 to $5.75 and gave the company a “neutral” rating in a report on Thursday, August 7th. Finally, Jefferies Financial Group increased their price objective on JELD-WEN from $3.75 to $5.25 and gave the company a “hold” rating in a report on Wednesday, August 20th. Seven equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $6.03.

JELD-WEN Stock Performance

Shares of JELD stock opened at $4.36 on Friday. The company has a debt-to-equity ratio of 2.42, a current ratio of 1.77 and a quick ratio of 1.04. JELD-WEN has a fifty-two week low of $3.27 and a fifty-two week high of $14.65. The stock’s 50-day moving average is $5.35 and its two-hundred day moving average is $4.81. The firm has a market cap of $371.92 million, a P/E ratio of -1.07 and a beta of 1.70.

Institutional Trading of JELD-WEN

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Y Intercept Hong Kong Ltd lifted its position in shares of JELD-WEN by 358.7% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 57,322 shares of the company’s stock worth $281,000 after acquiring an additional 44,825 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of JELD-WEN by 101.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 26,610 shares of the company’s stock worth $121,000 after acquiring an additional 13,386 shares during the period. Phil A. Younker & Associates Ltd. bought a new stake in shares of JELD-WEN in the 3rd quarter worth approximately $108,000. CWM LLC lifted its position in shares of JELD-WEN by 111.8% in the 3rd quarter. CWM LLC now owns 41,526 shares of the company’s stock worth $204,000 after acquiring an additional 21,917 shares during the period. Finally, Assenagon Asset Management S.A. bought a new stake in shares of JELD-WEN in the 3rd quarter worth approximately $3,406,000. 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.