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On Wednesday, Jefferies analyst Philip Ng adjusted the price target for JELD-WEN (NYSE:JELD) Holding, Inc. (NYSE: JELD), a leading global manufacturer of building products, reducing it to $7.00 from the previous $10.00. Despite the change, the firm maintains a Hold rating on the company’s shares. According to InvestingPro data, JELD-WEN currently generates annual revenue of $3.78 billion, with analyst targets ranging from $5.00 to $10.50.
The revision followed a significant 23% drop in JELD-WEN’s stock value the prior day. Ng noted that while the decline appeared excessive, it was not unexpected given the ongoing downward revisions in the company’s earnings. InvestingPro analysis shows the stock has fallen nearly 65% over the past year and is currently trading near its 52-week low, with its RSI suggesting oversold conditions. He suggested that the stock is likely to remain under pressure until the company can demonstrate consistent performance over several quarters.
JELD-WEN’s management has acknowledged the challenges it faces, including tariffs and broader economic headwinds. In response, they have outlined plans to implement transformation and mitigation actions projected to yield $150 million in benefits. InvestingPro data reveals the company operates with a significant debt burden of $1.29 billion, though its current ratio of 1.92 indicates adequate liquidity to meet short-term obligations. Additionally, they have set a conservative target for the company’s performance in 2025, with analysts forecasting a return to profitability this year.
Ng’s commentary highlighted the difficulties in navigating the current market conditions, suggesting that even with strategic measures in place, achieving the company’s goals amidst the present economic climate and persistent tariffs would be challenging.
Investors and stakeholders of JELD-WEN will be closely monitoring the company’s progress as it endeavors to implement its strategic plans and improve its financial performance in the coming years.
In other recent news, JELD-WEN Holding Inc. reported a fourth-quarter net loss of $68.4 million, or ($0.81) per share, a significant drop from the prior year’s net loss of $22.6 million, or ($0.27) per share. Revenue for the quarter was $895.7 million, surpassing the consensus estimate of $859.65 million, but reflecting a 12.3% decrease from the previous year. The company also unveiled its 2025 guidance, projecting revenues between $3.2 billion and $3.4 billion, below the consensus of $3.431 billion, and an adjusted EBITDA range of $215 to $265 million. Loop Capital Markets recently adjusted its price target for JELD-WEN to $8.00 from $10.00, maintaining a Hold rating, following the company’s release of its full-year 2025 guidance, which fell short of market expectations.
The company completed the sale of its Towanda, PA manufacturing facility to Woodgrain Inc. for $115 million, which is expected to reduce annual revenues by $150 million to $200 million. JELD-WEN also announced the approval of its 2025 Management Incentive Plan, designed to align executive and shareholder interests through performance-based cash bonuses. Additionally, Kevin Lilly, Executive Vice President of Global Transformation, retired with a severance package that includes continued vesting of stock units and options. The company’s strategic transformation efforts continue amid ongoing market challenges, with plans to improve service levels, accelerate automation, and optimize its manufacturing footprint.
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