James Hardie Industries plc Receives Average Rating of “Buy” from Analysts (NYSE:JHX)
Shares of James Hardie Industries plc (NYSE:JHX) have earned a consensus rating of “Buy” from the eight brokerages that are presently covering the stock, AR Network reports. Four research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $37.06.
A number of research firms have recently commented on JHX. Analysts at Morgan Stanley upgraded shares of James Hardie Industries plc from an “equal weight” rating to an “overweight” rating in a research note on Thursday. Separately, analysts at Macquarie upgraded shares of James Hardie Industries plc from a “neutral” rating to an “outperform” rating in a research note on Friday, February 28th. Finally, analysts at Credit Suisse downgraded shares of James Hardie Industries plc from an “outperform” rating to a “neutral” rating in a research note on Friday, February 28th.
James Hardie Industries plc (NYSE:JHX) remained flat at $63.67 during trading on Thursday. 102 shares of the company’s stock traded hands. James Hardie Industries plc has a 1-year low of $39.97 and a 1-year high of $72.26. The stock’s 50-day moving average is $64.6 and its 200-day moving average is $59.66. The company has a market cap of $28.240 billion and a price-to-earnings ratio of 132.10.
James Hardie Industries plc is a manufacturer of fiber cement products and systems for internal and external building construction applications in the United States, Australia, New Zealand, and the Philippines.
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