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

JELD-WEN Holding, Inc. (NYSE:JELD) has been assigned an average rating of “Hold” from the ten brokerages that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $16.80.

JELD has been the subject of several recent research reports. Royal Bank of Canada dropped 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 report on Wednesday, May 8th. The Goldman Sachs Group lowered 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. UBS Group reduced their price objective on JELD-WEN from $22.00 to $19.00 and set a “buy” rating on the stock in a research note on Wednesday, May 8th. StockNews.com lowered JELD-WEN from a “buy” rating to a “hold” rating in a research note on Wednesday, May 8th. Finally, Barclays dropped their target price on JELD-WEN from $15.00 to $13.00 and set an “equal weight” rating on the stock in a report on Friday, July 12th.

Hedge Funds Weigh In On JELD-WEN

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of JELD-WEN by 4.1% during the third quarter. Vanguard Group Inc. now owns 8,790,549 shares of the company’s stock worth $117,442,000 after buying an additional 344,435 shares during the period. Raymond James & Associates boosted its position in JELD-WEN by 6.8% during the 4th quarter. Raymond James & Associates now owns 128,103 shares of the company’s stock worth $2,419,000 after acquiring an additional 8,204 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of JELD-WEN by 22.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 314,880 shares of the company’s stock worth $5,945,000 after purchasing an additional 56,807 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of JELD-WEN during the fourth quarter valued at $125,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of JELD-WEN during the fourth quarter valued at about $118,000. Institutional investors own 95.04% of the company’s stock.

JELD-WEN Price Performance

Shares of NYSE:JELD opened at $15.72 on Friday. The company has a market cap of $1.35 billion, a P/E ratio of 68.35 and a beta of 2.28. The business has a fifty day simple moving average of $14.54 and a 200-day simple moving average of $17.20. JELD-WEN has a 52 week low of $11.02 and a 52 week high of $21.75. The company has a quick ratio of 1.39, a current ratio of 2.08 and a debt-to-equity ratio of 1.46.

JELD-WEN (NYSE:JELD) last issued its quarterly 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. The firm had revenue of $959.10 million during the quarter, compared to analyst estimates of $972.62 million. JELD-WEN had a net margin of 0.47% and a return on equity of 15.78%. Equities research analysts forecast that JELD-WEN will post 1.19 EPS for the current 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.