James Hardie (JHX) Receives a Higher Rating From JPMorgan. What’s The Reasoning Behind This Move?

September 8, 2018 - By Ash Maslow

James Hardie Industries plc (NYSE:JHX) Logo

James Hardie (JHX) Stock Upgrade

In analysts report issued to clients and investors on 7 September, JPMorgan raised shares of James Hardie (JHX) to a solid “Overweight” rating from their previous “Neutral” rating.

The stock increased 1.21% or $0.18 during the last trading session, reaching $15.11. About 29,532 shares traded or 147.11% up from the average. James Hardie Industries plc (JHX) has risen 11.57% since September 8, 2017 and is uptrending. It has underperformed by 1.00% the S&P500.

James Hardie Industries plc, together with its subsidiaries, makes and sells fiber cement siding and backer board products. The company has market cap of $6.67 billion. It operates through North America Fiber Cement, International Fiber Cement, Other Businesses, and Research and Development divisions. It has a 37.77 P/E ratio. The firm offers fiber cement interior linings, exterior siding products, fiberglass windows, and related accessories products; fiber cement building materials for a range of applications, including external siding, internal walls, floors, ceilings, soffits, trim, fencing, decking, and facades; floor underlayments; planks, which are used in external siding; flat panels for internal and external wall linings; gypsum fiber boards; and cement-bonded boards.

Another recent and important James Hardie Industries plc (NYSE:JHX) news was published by Seekingalpha.com which published an article titled: “James Hardie Industries SE (JHX) CEO Louis Gries on Q1 2019 Results – Earnings Call Transcript” on August 11, 2018.

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