On 11/8/23, James Hardie Industries Plc (NYSE: JHX) stock enjoyed a major increase of 15.6%, closing at $30.66. The stock has been exceptionally strong relative to the market over the last nine months and has risen 23.3% during the last week.
Current PriceTarget Research Rating
JHX is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
James Hardie Industries has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. James Hardie Industries has a slightly negative Appreciation Score of 38 but a very high Power Rating of 100, leading to the Positive Value Trend Rating.
Rating Review
In light of this very positive 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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