Analysts Set JELD-WEN Holding, Inc. (NYSE:JELD) Target Price at $9.06

JELD-WEN Holding, Inc. (NYSE:JELD) has earned an average recommendation of “Reduce” from the eight research firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and seven have issued a hold rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $9.06.

JELD has been the subject of a number of research reports. The Goldman Sachs Group dropped their target price on JELD-WEN from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. Royal Bank of Canada lowered their target price on shares of JELD-WEN from $7.00 to $5.00 and set an “underperform” rating on the stock in a report on Wednesday, February 19th. Loop Capital decreased their price target on JELD-WEN from $10.00 to $8.00 and set a “hold” rating on the stock in a research report on Wednesday, February 19th. StockNews.com cut shares of JELD-WEN from a “hold” rating to a “sell” rating in a research report on Friday, March 7th. Finally, UBS Group decreased their price target on JELD-WEN from $9.00 to $7.50 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th.

JELD-WEN Stock Performance

JELD opened at $5.76 on Friday. The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.64. The stock has a market cap of $491.28 million, a price-to-earnings ratio of -2.58 and a beta of 1.92. JELD-WEN has a 12-month low of $5.32 and a 12-month high of $21.75. The business has a 50 day moving average of $6.92 and a 200-day moving average of $9.99.

JELD-WEN (NYSE:JELD) last issued its quarterly earnings data on Monday, February 17th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.20). The company had revenue of $895.70 million during the quarter, compared to the consensus estimate of $860.82 million. JELD-WEN had a negative net margin of 5.01% and a positive return on equity of 7.14%. On average, equities research analysts expect that JELD-WEN will post 0.88 earnings per share for the current year.

Insider Buying and Selling

In related news, Director David G. Nord bought 20,000 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were bought at an average price of $5.96 per share, for a total transaction of $119,200.00. Following the transaction, the director now directly owns 40,000 shares of the company’s stock, valued at approximately $238,400. The trade was a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Steven E. Wynne acquired 10,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were bought at an average price of $6.01 per share, for a total transaction of $60,100.00. Following the acquisition, the director now directly owns 28,000 shares of the company’s stock, valued at approximately $168,280. This trade represents a 55.56 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 645,137 shares of company stock valued at $4,435,687 over the last 90 days. 1.24% of the stock is owned by insiders.

Hedge Funds Weigh In On JELD-WEN

A number of large investors have recently modified their holdings of JELD. Performa Ltd US LLC lifted its holdings in shares of JELD-WEN by 1,580.0% in the fourth quarter. Performa Ltd US LLC now owns 4,200 shares of the company’s stock valued at $34,000 after purchasing an additional 3,950 shares in the last quarter. Quarry LP purchased a new position in shares of JELD-WEN in the 4th quarter worth approximately $46,000. US Bancorp DE increased its position in shares of JELD-WEN by 257.6% during the fourth quarter. US Bancorp DE now owns 9,752 shares of the company’s stock valued at $80,000 after acquiring an additional 7,025 shares during the last quarter. Brevan Howard Capital Management LP bought a new stake in JELD-WEN during the fourth quarter worth $83,000. Finally, Boothbay Fund Management LLC purchased a new position in JELD-WEN in the fourth quarter worth $100,000. 95.04% of the stock is currently owned by institutional investors.

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.