Stock Rating Downgrade
The Value Trend Rating for James Hardie Industries Plc (NYSE: JHX) weakened recently from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
James Hardie Industries Plc (NYSE: JHX) stock closed at $34.40 on 8/1/24 after a decline of -4.9%. However, trading volume in this decline was unusually low at 64% of normal. The stock has performed in line with the market over the last nine months and has declined -1.5% 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 D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. James Hardie Industries has a neutral Power Rating of 48 and a slightly negative Appreciation Score of 34, with the Negative Value Trend Rating the result.
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