JELD-WEN Holding, Inc. (NYSE:JELD) Given Consensus Recommendation of “Reduce” by Brokerages

Shares of JELD-WEN Holding, Inc. (NYSE:JELD) have received an average rating of “Reduce” from the nine brokerages 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 12 month price objective among analysts that have issued ratings on the stock in the last year is $3.8714.

Several analysts have recently issued reports on JELD shares. Wall Street Zen cut JELD-WEN from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th. Jefferies Financial Group upped their price target on JELD-WEN from $2.25 to $2.60 and gave the stock a “hold” rating in a report on Monday, December 15th. The Goldman Sachs Group reduced their price target on JELD-WEN from $3.75 to $3.25 and set a “neutral” rating on the stock in a research report on Tuesday, January 13th. Weiss Ratings reissued a “sell (e+)” rating on shares of JELD-WEN in a research report on Monday, December 29th. Finally, Barclays set a $2.50 target price on shares of JELD-WEN in a research note on Monday, December 8th.

JELD-WEN Stock Down 2.7%

Shares of JELD opened at $2.71 on Thursday. The company’s 50-day simple moving average is $2.66 and its 200-day simple moving average is $4.08. The company has a debt-to-equity ratio of 10.14, a quick ratio of 1.01 and a current ratio of 1.76. JELD-WEN has a 1 year low of $1.70 and a 1 year high of $9.52. The stock has a market capitalization of $231.09 million, a PE ratio of -0.36 and a beta of 1.72.

JELD-WEN (NYSE:JELD) last announced its earnings results on Monday, November 3rd. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.38). The business had revenue of $809.48 million for the quarter, compared to analysts’ expectations of $823.58 million. JELD-WEN had a negative return on equity of 13.54% and a negative net margin of 19.28%.JELD-WEN’s quarterly revenue was down 13.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.32 earnings per share. Analysts forecast that JELD-WEN will post 0.88 earnings per share for the current fiscal year.

Institutional Investors Weigh In On JELD-WEN

Several institutional investors have recently modified their holdings of the company. Arrowstreet Capital Limited Partnership purchased a new position in JELD-WEN in the third quarter valued at $9,730,000. Federated Hermes Inc. increased its holdings in shares of JELD-WEN by 94.2% in the 2nd quarter. Federated Hermes Inc. now owns 2,707,888 shares of the company’s stock valued at $10,615,000 after acquiring an additional 1,313,463 shares during the last quarter. Millennium Management LLC raised its position in shares of JELD-WEN by 76.2% during the 3rd quarter. Millennium Management LLC now owns 2,673,994 shares of the company’s stock worth $13,129,000 after acquiring an additional 1,156,751 shares in the last quarter. Nomura Holdings Inc. acquired a new stake in shares of JELD-WEN during the 2nd quarter worth about $4,363,000. Finally, Assenagon Asset Management S.A. purchased a new stake in JELD-WEN during the third quarter worth approximately $3,406,000. 95.04% of the stock is owned by hedge funds and other institutional investors.

About JELD-WEN

JELD-WEN is a global manufacturer of windows and doors and related building products, serving both residential and commercial markets. The company’s portfolio includes wood, vinyl and aluminum windows; interior wood doors; and exterior doors crafted from steel, fiberglass and composite materials. JELD-WEN’s products are designed for new construction and remodeling applications, with an emphasis on quality, durability and energy efficiency.

Founded in 1960 in Klamath Falls, Oregon, JELD-WEN has grown through a combination of organic expansion and strategic acquisitions to establish a manufacturing footprint in North America, Europe and Australasia.