JELD-WEN Holding, Inc. (NYSE:JELD) Receives $18.00 Average Target Price from Analysts

Shares of JELD-WEN Holding, Inc. (NYSE:JELD) have received an average recommendation of “Hold” from the eleven analysts that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $18.00.

JELD has been the subject of several research analyst reports. 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 report on Wednesday, May 8th. StockNews.com downgraded shares of JELD-WEN from a “buy” rating to a “hold” rating in a report on Wednesday, May 8th. Royal Bank of Canada cut their price target on shares of JELD-WEN from $16.00 to $13.00 and set an “underperform” rating for the company in a report on Wednesday, May 8th. Finally, Barclays cut their price target on shares of JELD-WEN from $18.00 to $15.00 and set an “equal weight” rating for the company in a report on Monday, May 13th.

Hedge Funds Weigh In On JELD-WEN

A number of large investors have recently made changes to their positions in JELD. Allspring Global Investments Holdings LLC increased its holdings in shares of JELD-WEN by 790.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,165 shares of the company’s stock valued at $46,000 after purchasing an additional 1,922 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in shares of JELD-WEN in the 4th quarter valued at about $47,000. Quest Partners LLC acquired a new position in JELD-WEN in the fourth quarter worth approximately $103,000. DekaBank Deutsche Girozentrale acquired a new position in JELD-WEN in the fourth quarter worth approximately $118,000. Finally, International Assets Investment Management LLC acquired a new position in JELD-WEN in the fourth quarter worth approximately $125,000. Institutional investors and hedge funds own 95.04% of the company’s stock.

JELD-WEN Stock Performance

JELD stock opened at $13.00 on Wednesday. The company has a market capitalization of $1.12 billion, a P/E ratio of 56.52 and a beta of 2.28. The company has a 50-day simple moving average of $14.68 and a 200 day simple moving average of $17.50. JELD-WEN has a fifty-two week low of $11.02 and a fifty-two 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 posted its quarterly earnings data on Monday, May 6th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.01. The business had revenue of $959.10 million during the quarter, compared to the consensus estimate of $972.62 million. JELD-WEN had a net margin of 0.47% and a return on equity of 15.78%. Sell-side analysts predict that JELD-WEN will post 1.19 earnings per share 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.