Barclays Remains a Hold on James Hardie Industries PLC (JHX)
In a report released today, Matthew Bouley from Barclays maintained a Hold rating on James Hardie Industries PLC, with a price target of $21.00.
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Bouley covers the Industrials sector, focusing on stocks such as Builders Firstsource, Fortune Brands Innovations, and Advanced Drainage Systems. According to TipRanks, Bouley has an average return of 15.2% and a 63.27% success rate on recommended stocks.
In addition to Barclays, James Hardie Industries PLC also received a Hold from TipRanks – Google’s Google Construction Materials in a report issued yesterday. However, on January 16, Bank of America Securities maintained a Buy rating on James Hardie Industries PLC (NYSE: JHX).
Based on James Hardie Industries PLC’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.29 billion and a GAAP net loss of $55.8 million. In comparison, last year the company earned a revenue of $960.8 million and had a net profit of $83.4 million
Read More on JHX:
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- James Hardie to close Fontana, Summerville manufacturing facilities
- James Hardie sees incurring pre-tax charges of $40M-$44M from closures
- Latham Group CEO Scott Rajeski to retire, Sean Gadd to succeed
- James Hardie initiated with an Equal Weight at Barclays
- James Hardie (JHX) Facing Class Action after Customer Demand Claims Raise Investor Concerns
