JELD-WEN Holding, Inc. (NYSE:JELD) Receives $14.56 Consensus Target Price from Brokerages

Shares of JELD-WEN Holding, Inc. (NYSE:JELD) have received an average recommendation of “Hold” from the ten ratings firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $14.56.

Several equities research analysts recently weighed in on JELD shares. Jefferies Financial Group increased their price target on JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. B. Riley dropped their price target on shares of JELD-WEN from $17.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. UBS Group reduced their price objective on shares of JELD-WEN from $19.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Barclays dropped their target price on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada decreased their price target on JELD-WEN from $13.00 to $9.00 and set an “underperform” rating on the stock in a research note on Wednesday, November 6th.

Insider Activity at JELD-WEN

In related news, major shareholder Turtle Creek Asset Management purchased 200,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was bought at an average price of $10.48 per share, for a total transaction of $2,096,000.00. Following the purchase, the insider now owns 11,941,452 shares in the company, valued at $125,146,416.96. The trade was a 1.70 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.03% of the stock is currently owned by insiders.

Institutional Trading of JELD-WEN

A number of institutional investors and hedge funds have recently modified their holdings of the company. Innealta Capital LLC bought a new stake in shares of JELD-WEN in the second quarter worth about $30,000. Blue Trust Inc. lifted its holdings in JELD-WEN by 79.8% during the 3rd quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock worth $46,000 after purchasing an additional 1,284 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in JELD-WEN by 102.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,381 shares of the company’s stock valued at $59,000 after purchasing an additional 2,216 shares during the last quarter. nVerses Capital LLC bought a new stake in shares of JELD-WEN during the second quarter worth about $92,000. Finally, MQS Management LLC acquired a new stake in shares of JELD-WEN in the third quarter valued at about $160,000. 95.04% of the stock is currently owned by institutional investors.

JELD-WEN Price Performance

Shares of NYSE:JELD opened at $10.77 on Friday. JELD-WEN has a one year low of $8.90 and a one year high of $21.75. The stock has a market capitalization of $911.36 million, a price-to-earnings ratio of -5.89 and a beta of 2.12. The company has a 50-day simple moving average of $12.98 and a 200-day simple moving average of $13.99. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.33 and a current ratio of 2.03.

JELD-WEN (NYSE:JELD) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.08). JELD-WEN had a negative net margin of 3.98% and a positive return on equity of 12.32%. The company had revenue of $934.70 million for the quarter, compared to analysts’ expectations of $990.64 million. During the same period in the prior year, the company earned $0.53 earnings per share. The firm’s revenue was down 13.2% on a year-over-year basis. On average, analysts predict that JELD-WEN will post 0.86 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.