Jarden Corp. Coverage Initiated by Analysts at Deutsche Bank (JAH)
Investment analysts at Deutsche Bank assumed coverage on shares of Jarden Corp. (NYSE:JAH) in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
In other Jarden Corp. news, Chairman Ian G. H. Ashken sold 24,406 shares of the stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $57.39, for a total value of $1,400,660.34. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of Jarden Corp. (NYSE:JAH) opened at 58.84 on Tuesday. Jarden Corp. has a 1-year low of $42.88 and a 1-year high of $64.01. The stock’s 50-day moving average is $57.3 and its 200-day moving average is $58.25. The company has a market cap of $7.543 billion and a P/E ratio of 38.59.
Jarden Corp. (NYSE:JAH) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.91 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.89 by $0.02. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter last year, the company posted $0.88 earnings per share. Jarden Corp.’s revenue was up 12.3% compared to the same quarter last year. Analysts expect that Jarden Corp. will post $3.93 EPS for the current fiscal year.
Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Jarden Corp. in a research note on Wednesday, July 30th. They now have a $69.00 price target on the stock, up previously from $67.00. Nine investment analysts have rated the stock with a buy rating, Jarden Corp. currently has an average rating of “Buy” and an average price target of $69.13.
Jarden Corporation (NYSE:JAH) is a global consumer products company.
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