Asahi shares mark weekly slide after cyberattack halts production
James Hardie Industries PLC ADR stock has reached a new 52-week low, touching 17.9 USD, marking a significant downturn for the company. Over the past year, the stock has experienced a substantial decline, with a 1-year change of -53.35%. According to InvestingPro data, the company maintains strong fundamentals with a current ratio of 3.76, indicating robust liquidity. Technical indicators suggest the stock is currently in oversold territory. This decrease reflects ongoing challenges and market conditions that have adversely affected the company’s performance. The construction materials manufacturer, known for its fiber cement products, has faced pressures from both global supply chain disruptions and fluctuating demand in the housing sector, contributing to its current stock valuation. Despite these challenges, analysts maintain optimistic price targets, with InvestingPro reporting multiple upward earnings revisions for the upcoming period. Investors are closely monitoring the situation to assess future prospects and potential recovery. Get comprehensive insights and 8 additional ProTips for James Hardie Industries with an InvestingPro subscription.
In other recent news, James Hardie Industries reported earnings and revenue figures that notably deviated from market expectations, as highlighted by Citi. The company’s North American results and guidance were significantly below expectations, according to Truist Securities, which maintained a Buy rating and set a price target of $25.00. Despite the poor performance, Truist Securities continues to see potential in the company’s stock. Meanwhile, CLSA downgraded James Hardie from Hold to Underperform, citing weak first-quarter fiscal 2026 results and soft full-year guidance, and adjusted its price target to AUD26.00. UBS also downgraded the company from Buy to Neutral, reducing its price target to AUD36.00 after observing a 29% decline in underlying net profit after tax, which was 19% below consensus forecasts. Morgan Stanley maintained an Overweight rating but lowered its price target to AUD41.00, adjusting its earnings per share estimates for fiscal years 2026-2028. These developments reflect a challenging period for James Hardie, with varying analyst perspectives on its future prospects.
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