James Hardie Industries Plc (NYSE: JHX) stock suffered a major decline of -15.3% on 5/21/24. The shares closed at $30.99. Moreover, trading volume in this decline was exceptionally high at 735% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -14.8% 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 B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. James Hardie Industries has a neutral Appreciation Score of 44 but a very high Power Rating of 95, producing the Positive Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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