Analysts Set JELD-WEN Holding, Inc. (NYSE:JELD) Target Price at $18.00

JELD-WEN Holding, Inc. (NYSE:JELD) has been given an average recommendation of “Hold” by the eleven research firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $18.00.

A number of brokerages recently issued reports on JELD. Royal Bank of Canada reduced their price target on JELD-WEN from $16.00 to $13.00 and set an “underperform” rating on the stock in a research report on Wednesday, May 8th. Barclays dropped their price target on JELD-WEN from $18.00 to $15.00 and set an “equal weight” rating for the company in a research note on Monday, May 13th. StockNews.com cut JELD-WEN from a “buy” rating to a “hold” rating in a research note on Wednesday, May 8th. Finally, UBS Group decreased their price objective on JELD-WEN from $22.00 to $19.00 and set a “buy” rating for the company in a report on Wednesday, May 8th.

Hedge Funds Weigh In On JELD-WEN

Hedge funds and other institutional investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC grew its holdings in JELD-WEN by 790.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,165 shares of the company’s stock worth $46,000 after purchasing an additional 1,922 shares during the period. Harvest Fund Management Co. Ltd purchased a new stake in shares of JELD-WEN during the fourth quarter valued at approximately $47,000. Quest Partners LLC bought a new position in JELD-WEN during the fourth quarter valued at approximately $103,000. DekaBank Deutsche Girozentrale bought a new position in JELD-WEN during the fourth quarter valued at approximately $118,000. Finally, International Assets Investment Management LLC bought a new position in JELD-WEN during the fourth quarter valued at approximately $125,000. Hedge funds and other institutional investors own 95.04% of the company’s stock.

JELD-WEN Stock Performance

JELD opened at $12.78 on Wednesday. The business’s 50-day moving average price is $14.99 and its two-hundred day moving average price is $17.60. JELD-WEN has a 1 year low of $11.02 and a 1 year high of $21.75. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 55.54 and a beta of 2.28. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.08 and a quick ratio of 1.39.

JELD-WEN (NYSE:JELD) last announced its quarterly 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 firm had revenue of $959.10 million for 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%. Equities analysts expect that JELD-WEN will post 1.19 EPS for the current fiscal 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.