Jeld-Wen (JELD) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of Jeld-Wen (NYSE:JELD) from a sell rating to a hold rating in a report published on Friday morning.

According to Zacks, “JELD-WEN Holding, Inc. designs, produces and distributes interior and exterior doors, wood, vinyl and aluminum windows and related products for new construction and repair and remodeling of residential homes and non-residential buildings. The company’s brand portfolio includes JELD-WEN (R), Swedoor (R), DANA (R), Corinthian (R), Stegbar (R) and Trend (R). It operates primarily in North America, Europe and Australia. JELD-WEN Holding, Inc. is headquartered in Charlotte, North Carolina. “

Several other research firms have also recently commented on JELD. Royal Bank of Canada set a $21.00 price target on Jeld-Wen and gave the company a hold rating in a report on Wednesday. B. Riley dropped their target price on Jeld-Wen from $30.00 to $22.00 and set a neutral rating for the company in a report on Wednesday, November 7th. Goldman Sachs Group reissued a hold rating and issued a $20.00 target price on shares of Jeld-Wen in a report on Monday, December 10th. Wells Fargo & Co dropped their target price on Jeld-Wen from $29.00 to $19.00 and set a market perform rating for the company in a report on Wednesday, November 7th. Finally, Credit Suisse Group set a $18.00 target price on Jeld-Wen and gave the stock a hold rating in a report on Wednesday, November 7th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company. The company has an average rating of Hold and a consensus price target of $23.57.

Jeld-Wen stock traded down $0.40 during trading hours on Friday, hitting $21.16. The stock had a trading volume of 1,236,192 shares, compared to its average volume of 758,364. The company has a quick ratio of 1.06, a current ratio of 1.75 and a debt-to-equity ratio of 1.89. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of 13.23, a price-to-earnings-growth ratio of 1.00 and a beta of 2.84. Jeld-Wen has a fifty-two week low of $13.28 and a fifty-two week high of $33.93.

Jeld-Wen (NYSE:JELD) last posted its quarterly earnings results on Tuesday, February 19th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.35 by $0.06. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Jeld-Wen had a return on equity of 20.71% and a net margin of 3.32%. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.26 EPS. On average, analysts expect that Jeld-Wen will post 1.78 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of JELD. California Public Employees Retirement System grew its position in Jeld-Wen by 26.9% during the 2nd quarter. California Public Employees Retirement System now owns 41,889 shares of the company’s stock worth $1,198,000 after acquiring an additional 8,889 shares during the last quarter. Northern Trust Corp grew its position in Jeld-Wen by 4.8% during the 2nd quarter. Northern Trust Corp now owns 838,167 shares of the company’s stock worth $23,963,000 after acquiring an additional 38,118 shares during the last quarter. Engineers Gate Manager LP bought a new stake in Jeld-Wen during the 3rd quarter worth approximately $296,000. Systematic Financial Management LP grew its position in Jeld-Wen by 3.8% during the 3rd quarter. Systematic Financial Management LP now owns 434,987 shares of the company’s stock worth $10,727,000 after acquiring an additional 15,868 shares during the last quarter. Finally, Obermeyer Wood Investment Counsel Lllp grew its position in Jeld-Wen by 1.2% during the 3rd quarter. Obermeyer Wood Investment Counsel Lllp now owns 932,199 shares of the company’s stock worth $22,988,000 after acquiring an additional 10,779 shares during the last quarter. 60.97% of the stock is owned by institutional investors and hedge funds.

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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