Jarden Corp. Now Covered by Analysts at RBC Capital (JAH)
Analysts at RBC Capital initiated coverage on shares of Jarden Corp. (NYSE:JAH) in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $75.00 price target on the stock. RBC Capital’s price target would suggest a potential upside of 22.43% from the company’s current price.
Shares of Jarden Corp. (NYSE:JAH) traded up 2.73% during mid-day trading on Tuesday, hitting $61.26. The stock had a trading volume of 1,372,166 shares. Jarden Corp. has a 52 week low of $35.72 and a 52 week high of $61.44. The stock’s 50-day moving average is $57.98 and its 200-day moving average is $50.40. The company has a market cap of $7.880 billion and a price-to-earnings ratio of 30.72.
Jarden Corp. (NYSE:JAH) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $1.04 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.00 by $0.04. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter last year, the company posted $0.90 earnings per share. Jarden Corp.’s revenue was up 5.6% compared to the same quarter last year. On average, analysts predict that Jarden Corp. will post $3.58 earnings per share for the current fiscal year.
A number of other firms have also recently commented on JAH. Analysts at Zacks upgraded shares of Jarden Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, January 2nd. They now have a $64.60 price target on the stock. Separately, analysts at KeyCorp initiated coverage on shares of Jarden Corp. in a research note to investors on Monday, December 16th. They set a “buy” rating on the stock. Finally, analysts at Jefferies Group set a $70.00 price target on shares of Jarden Corp. in a research note to investors on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $61.96.
Jarden Corporation (NYSE:JAH) is a global consumer products company.
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