Stock Rating Downgrade
In the last week the Value Trend Rating for James Hardie Industries Plc (NYSE: JHX) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 6/7/24, James Hardie Industries Plc (NYSE: JHX) stock declined modestly by -1.4%, closing at $30.60. However, this decline was accompanied by below average trading volume at 67% of normal. Relative to the market the stock has been strong over the last nine months but has declined -1.2% during the last week.
Current PriceTarget Research Rating
JHX’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
James Hardie Industries has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. James Hardie Industries has a slightly negative Appreciation Score of 32 but a good Power Rating of 77, triggering the Neutral Value Trend Rating.
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