JELD-WEN Holding, Inc. (NYSE:JELD) Given Average Rating of “Hold” by Analysts

JELD-WEN Holding, Inc. (NYSE:JELD) has received an average recommendation of “Hold” from the ten analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $16.80.

Several analysts recently commented on the stock. Royal Bank of Canada reaffirmed an “underperform” rating and set a $13.00 target price on shares of JELD-WEN in a report on Wednesday, August 7th. Barclays decreased their target price on JELD-WEN from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Friday, July 12th. The Goldman Sachs Group dropped their price target on JELD-WEN from $19.00 to $14.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. Finally, Loop Capital reduced their price target on JELD-WEN from $17.00 to $16.00 and set a “hold” rating for the company in a research note on Friday, July 19th.

Institutional Investors Weigh In On JELD-WEN

Several institutional investors and hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company raised its position in shares of JELD-WEN by 7.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 43,436 shares of the company’s stock valued at $585,000 after buying an additional 3,066 shares in the last quarter. Engine Capital Management LP raised its position in JELD-WEN by 223.6% during the second quarter. Engine Capital Management LP now owns 1,162,303 shares of the company’s stock valued at $15,656,000 after purchasing an additional 803,095 shares in the last quarter. Xponance Inc. bought a new stake in JELD-WEN during the second quarter worth $198,000. Sei Investments Co. boosted its holdings in shares of JELD-WEN by 13.2% in the 2nd quarter. Sei Investments Co. now owns 17,999 shares of the company’s stock valued at $242,000 after purchasing an additional 2,100 shares in the last quarter. Finally, Inspire Investing LLC increased its stake in shares of JELD-WEN by 55.9% in the 2nd quarter. Inspire Investing LLC now owns 26,352 shares of the company’s stock valued at $355,000 after purchasing an additional 9,445 shares during the last quarter. Institutional investors own 95.04% of the company’s stock.

JELD-WEN Price Performance

Shares of NYSE JELD opened at $15.86 on Monday. JELD-WEN has a twelve month low of $11.02 and a twelve month high of $21.75. The company has a market cap of $1.36 billion, a PE ratio of 68.96 and a beta of 2.24. The business’s 50 day moving average price is $14.79 and its two-hundred day moving average price is $16.09. The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.53.

JELD-WEN (NYSE:JELD) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.11. JELD-WEN had a positive return on equity of 14.32% and a negative net margin of 0.92%. The business had revenue of $986.00 million for the quarter, compared to analysts’ expectations of $1 billion. During the same quarter in the prior year, the business earned $0.44 EPS. The firm’s revenue for the quarter was down 12.4% on a year-over-year basis. On average, analysts predict that JELD-WEN will post 1.31 EPS for the current year.

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.