Jeld-Wen (JELD) Upgraded to Hold by Zacks Investment Research

Jeld-Wen (NYSE:JELD) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

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. “

JELD has been the topic of several other reports. Royal Bank of Canada set a $28.00 price objective on Jeld-Wen and gave the stock a “buy” rating in a research note on Monday, October 8th. Wells Fargo & Co reduced their price objective on Jeld-Wen from $29.00 to $19.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 7th. Credit Suisse Group set a $18.00 price objective on Jeld-Wen and gave the stock a “hold” rating in a research note on Wednesday, November 7th. Barclays reduced their price objective on Jeld-Wen from $32.00 to $23.00 and set a “buy” rating on the stock in a research note on Tuesday, October 16th. Finally, B. Riley reduced their price objective on Jeld-Wen from $30.00 to $22.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 7th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $24.13.

Shares of JELD stock opened at $14.31 on Wednesday. Jeld-Wen has a 12-month low of $14.00 and a 12-month high of $42.27. The company has a current ratio of 1.75, a quick ratio of 1.06 and a debt-to-equity ratio of 1.89. The stock has a market capitalization of $1.47 billion, a PE ratio of 9.67, a PEG ratio of 0.74 and a beta of 2.78.

Jeld-Wen (NYSE:JELD) last issued its earnings results on Tuesday, November 6th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.13). Jeld-Wen had a return on equity of 19.06% and a net margin of 0.26%. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same period last year, the firm posted $0.55 earnings per share. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. As a group, analysts predict that Jeld-Wen will post 1.51 EPS for the current year.

Several large investors have recently made changes to their positions in JELD. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Jeld-Wen during the second quarter valued at approximately $760,000. Rhumbline Advisers boosted its holdings in shares of Jeld-Wen by 8.2% in the second quarter. Rhumbline Advisers now owns 67,407 shares of the company’s stock valued at $1,927,000 after purchasing an additional 5,113 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in shares of Jeld-Wen by 5.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 453,072 shares of the company’s stock valued at $12,954,000 after purchasing an additional 21,832 shares during the period. Swiss National Bank boosted its holdings in shares of Jeld-Wen by 9.5% in the second quarter. Swiss National Bank now owns 145,800 shares of the company’s stock valued at $4,168,000 after purchasing an additional 12,700 shares during the period. Finally, BlackRock Inc. boosted its holdings in shares of Jeld-Wen by 5.3% in the second quarter. BlackRock Inc. now owns 5,123,761 shares of the company’s stock valued at $146,490,000 after purchasing an additional 257,406 shares during the period. Institutional investors and hedge funds own 65.38% of the company’s stock.

Jeld-Wen Company Profile

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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