Analysts Set JELD-WEN Holding, Inc. (NYSE:JELD) Price Target at $16.80

Shares of JELD-WEN Holding, Inc. (NYSE:JELD) have received a consensus recommendation of “Hold” from the ten analysts that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $16.80.

A number of equities research analysts have weighed in on JELD shares. UBS Group lowered their target price on 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 JELD-WEN from a “buy” rating to a “hold” rating in a report on Wednesday, May 8th. Loop Capital lowered their target price on JELD-WEN from $17.00 to $16.00 and set a “hold” rating for the company in a report on Friday, July 19th. Barclays reduced their price objective on JELD-WEN from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Friday, July 12th. Finally, Royal Bank of Canada reduced their price objective on JELD-WEN from $16.00 to $13.00 and set an “underperform” rating for the company in a research note on Wednesday, May 8th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of JELD. 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 valued at $117,442,000 after buying an additional 344,435 shares during the last quarter. Raymond James & Associates boosted its position in JELD-WEN by 6.8% in the fourth quarter. Raymond James & Associates now owns 128,103 shares of the company’s stock worth $2,419,000 after purchasing an additional 8,204 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in 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 during the last quarter. International Assets Investment Management LLC purchased a new position in JELD-WEN in the fourth quarter worth $125,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in JELD-WEN in the fourth quarter worth $118,000. Hedge funds and other institutional investors own 95.04% of the company’s stock.

JELD-WEN Price Performance

Shares of JELD opened at $15.34 on Friday. JELD-WEN has a 1 year low of $11.02 and a 1 year high of $21.75. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.08 and a quick ratio of 1.39. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 66.70 and a beta of 2.28. The business has a 50-day moving average of $14.54 and a 200-day moving average of $17.17.

JELD-WEN (NYSE:JELD) last issued its earnings results on Monday, May 6th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 15.78% and a net margin of 0.47%. As a group, equities research analysts anticipate that JELD-WEN will post 1.19 earnings per share for the current year.

JELD-WEN Company Profile

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.