Jeld-Wen Holding Inc (JELD) Receives Average Rating of “Hold” from Brokerages

Jeld-Wen Holding Inc (NYSE:JELD) has earned a consensus recommendation of “Hold” from the seventeen brokerages that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $24.57.

Several brokerages recently issued reports on JELD. Credit Suisse Group set a $18.00 price target on Jeld-Wen and gave the stock a “hold” rating in a report on Wednesday, November 7th. Wells Fargo & Co cut their price target on Jeld-Wen from $29.00 to $19.00 and set a “market perform” rating on the stock in a report on Wednesday, November 7th. Royal Bank of Canada set a $21.00 price target on Jeld-Wen and gave the stock a “buy” rating in a report on Wednesday, November 7th. Barclays cut their price target on Jeld-Wen from $37.00 to $35.00 and set an “overweight” rating on the stock in a report on Wednesday, August 8th. Finally, B. Riley cut their price target on Jeld-Wen from $30.00 to $22.00 and set a “neutral” rating on the stock in a report on Wednesday, November 7th.

In related news, EVP Peter Maxwell sold 4,982 shares of the firm’s stock in a transaction that occurred on Tuesday, September 18th. The stock was sold at an average price of $26.16, for a total value of $130,329.12. Following the sale, the executive vice president now directly owns 17,136 shares in the company, valued at approximately $448,277.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 4.55% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Channing Capital Management LLC increased its position in Jeld-Wen by 583.4% in the 3rd quarter. Channing Capital Management LLC now owns 1,966,637 shares of the company’s stock valued at $48,497,000 after acquiring an additional 1,678,868 shares during the period. Franklin Resources Inc. increased its position in Jeld-Wen by 19.3% in the 3rd quarter. Franklin Resources Inc. now owns 103,359 shares of the company’s stock valued at $2,549,000 after acquiring an additional 16,724 shares during the period. Fuller & Thaler Asset Management Inc. acquired a new stake in Jeld-Wen in the 3rd quarter valued at approximately $16,600,000. Dimensional Fund Advisors LP increased its position in shares of Jeld-Wen by 12.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 852,593 shares of the company’s stock valued at $21,025,000 after purchasing an additional 95,263 shares during the period. Finally, Pzena Investment Management LLC increased its position in shares of Jeld-Wen by 1.1% during the 3rd quarter. Pzena Investment Management LLC now owns 6,868,438 shares of the company’s stock valued at $169,376,000 after purchasing an additional 76,185 shares during the period. Hedge funds and other institutional investors own 63.60% of the company’s stock.

Shares of NYSE JELD opened at $17.67 on Thursday. The company has a market capitalization of $1.86 billion, a P/E ratio of 11.94, a P/E/G ratio of 0.89 and a beta of 2.70. Jeld-Wen has a 12-month low of $15.04 and a 12-month high of $42.27. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.06 and a current ratio of 1.75.

Jeld-Wen (NYSE:JELD) last announced its quarterly earnings results on Tuesday, November 6th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.13). The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.13 billion. Jeld-Wen had a return on equity of 19.06% and a net margin of 0.26%. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period last year, the business posted $0.55 EPS. On average, research analysts forecast that Jeld-Wen will post 1.52 earnings per share for the current year.

About Jeld-Wen

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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Analyst Recommendations for Jeld-Wen (NYSE:JELD)

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