Shares of Jeld-Wen Holding Inc (NYSE:JELD) have been given an average rating of “Hold” by the fifteen analysts that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $33.42.
Several equities research analysts have recently issued reports on JELD shares. Bank of America downgraded shares of Jeld-Wen from a “neutral” rating to an “underperform” rating and set a $29.00 price objective on the stock. in a research note on Wednesday, August 8th. Zacks Investment Research downgraded shares of Jeld-Wen from a “hold” rating to a “sell” rating in a research note on Wednesday, July 11th. B. Riley lowered their price objective on shares of Jeld-Wen from $37.00 to $30.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 8th. Citigroup lowered their price objective on shares of Jeld-Wen from $32.00 to $27.00 and set a “hold” rating on the stock in a research note on Thursday, August 9th. Finally, Credit Suisse Group reduced their target price on Jeld-Wen from $33.00 to $30.00 and set a “neutral” rating for the company in a research report on Wednesday, August 8th.
Shares of Jeld-Wen stock traded up $0.06 during midday trading on Friday, hitting $24.73. The company had a trading volume of 269,800 shares, compared to its average volume of 786,185. The company has a market cap of $2.55 billion, a price-to-earnings ratio of 16.78, a PEG ratio of 0.72 and a beta of 1.68. The company has a current ratio of 2.03, a quick ratio of 1.21 and a debt-to-equity ratio of 1.91. Jeld-Wen has a 1-year low of $23.44 and a 1-year high of $42.27.
Jeld-Wen (NYSE:JELD) last announced its quarterly earnings data on Tuesday, August 7th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.11). The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. Jeld-Wen had a return on equity of 20.44% and a net margin of 0.82%. research analysts forecast that Jeld-Wen will post 1.86 earnings per share for the current fiscal year.
Hedge funds have recently modified their holdings of the stock. Amalgamated Bank lifted its position in Jeld-Wen by 19.1% in the second quarter. Amalgamated Bank now owns 10,717 shares of the company’s stock worth $306,000 after purchasing an additional 1,721 shares during the period. Systematic Financial Management LP lifted its holdings in shares of Jeld-Wen by 17.2% during the second quarter. Systematic Financial Management LP now owns 419,119 shares of the company’s stock valued at $11,983,000 after acquiring an additional 61,386 shares during the period. IMS Capital Management lifted its holdings in shares of Jeld-Wen by 33.0% during the second quarter. IMS Capital Management now owns 1,918,801 shares of the company’s stock valued at $54,859,000 after acquiring an additional 475,707 shares during the period. Swiss National Bank lifted its holdings in shares of Jeld-Wen by 15.5% during the first quarter. Swiss National Bank now owns 133,100 shares of the company’s stock valued at $4,076,000 after acquiring an additional 17,900 shares during the period. Finally, DnB Asset Management AS bought a new position in shares of Jeld-Wen during the second quarter valued at $1,246,000. 64.47% of the stock is owned by hedge funds and other institutional investors.
JELD-WEN Holding, Inc manufactures and sells doors and windows primarily in North America, Europe, and Australasia. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; and wood, vinyl, and aluminum windows.
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