RBC Capital Keeps Their Hold Rating on James Hardie (JHIUF)
In a report released yesterday, Matt McKellar from RBC Capital maintained a Hold rating on James Hardie, with a price target of A$33.00.
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McKellar covers the Basic Materials sector, focusing on stocks such as Interfor, Clearwater Paper, and Mercer International. According to TipRanks, McKellar has an average return of -1.0% and a 35.71% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for James Hardie with a $24.05 average price target.
Based on James Hardie’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of A$1.29 billion and a GAAP net loss of A$55.8 million. In comparison, last year the company earned a revenue of A$960.8 million and had a net profit of A$83.4 million
Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of JHIUF in relation to earlier this year.
Read More on JHIUF:
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- James Hardie Issues 212,314 Unquoted Ordinary Shares Under Existing Scheme
- James Hardie Increases Director Gary Hendrickson’s Equity Holding via Board Incentive Plan
- James Hardie Increases Director Jesse Singh’s Equity Stake via Board Plan
- James Hardie Increases Director John Pfeifer’s Equity Holding Under 2020 Plan
- James Hardie Director Renee Peterson Increases Shareholding Through Equity Plan
