JELD-WEN Holding, Inc. (NYSE:JELD) Receives Average Recommendation of “Hold” from Brokerages

JELD-WEN Holding, Inc. (NYSE:JELD) has been given an average recommendation of “Hold” by the eleven analysts that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $18.00.

A number of brokerages have recently weighed in on JELD. UBS Group reduced their price objective on shares of JELD-WEN from $22.00 to $19.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. Barclays reduced their price objective on shares of JELD-WEN from $18.00 to $15.00 and set an “equal weight” rating for the company in a research note on Monday, May 13th. StockNews.com cut shares of JELD-WEN from a “buy” rating to a “hold” rating in a research note on Wednesday, May 8th. Finally, Royal Bank of Canada reduced their price objective on shares of JELD-WEN from $16.00 to $13.00 and set an “underperform” rating for the company in a research note on Wednesday, May 8th.

Hedge Funds Weigh In On JELD-WEN

A number of hedge funds have recently made changes to their positions in JELD. Deutsche Bank AG raised its stake in shares of JELD-WEN by 18.4% in the 3rd quarter. Deutsche Bank AG now owns 44,402 shares of the company’s stock valued at $593,000 after buying an additional 6,888 shares in the last quarter. Rhumbline Advisers raised its stake in shares of JELD-WEN by 2.6% in the 3rd quarter. Rhumbline Advisers now owns 138,065 shares of the company’s stock valued at $1,845,000 after buying an additional 3,471 shares in the last quarter. Hsbc Holdings PLC raised its stake in shares of JELD-WEN by 143.7% in the 3rd quarter. Hsbc Holdings PLC now owns 54,992 shares of the company’s stock valued at $734,000 after buying an additional 32,425 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of JELD-WEN by 4.1% in the 3rd quarter. Vanguard Group Inc. now owns 8,790,549 shares of the company’s stock valued at $117,442,000 after buying an additional 344,435 shares in the last quarter. Finally, Ziegler Capital Management LLC grew its holdings in shares of JELD-WEN by 5.8% in the 4th quarter. Ziegler Capital Management LLC now owns 43,930 shares of the company’s stock worth $829,000 after purchasing an additional 2,392 shares during the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.

JELD-WEN Stock Performance

JELD stock opened at $12.91 on Wednesday. The company has a quick ratio of 1.39, a current ratio of 2.08 and a debt-to-equity ratio of 1.46. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 56.13 and a beta of 2.28. JELD-WEN has a 12 month low of $11.02 and a 12 month high of $21.75. The firm has a 50 day moving average of $15.44 and a two-hundred day moving average of $17.70.

JELD-WEN (NYSE:JELD) last posted its earnings results on Monday, May 6th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.15 by $0.01. JELD-WEN had a net margin of 0.47% and a return on equity of 15.78%. The company had revenue of $959.10 million during the quarter, compared to the consensus estimate of $972.62 million. As a group, equities analysts anticipate that JELD-WEN will post 1.19 EPS for the current fiscal year.

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.