Bank of America just raised its EUR/USD forecast
James Hardie (NYSE:JHX) Industries PLC ADR, a company with a substantial market capitalization of $11.8 billion, has reached a significant milestone as its stock hit a 52-week low, trading at 19.22 USD. According to InvestingPro analysis, the company appears undervalued at current levels. This marks a notable point for the company, reflecting a challenging year in the market. Despite trading at a P/E ratio of 20.84, the company maintains strong fundamentals with a healthy gross profit margin of 38.81% and robust liquidity, as evidenced by a current ratio of 2.1. Over the past year, the stock has experienced a decline of 17.23%, indicating a substantial decrease in investor confidence and market valuation. The drop to the 52-week low underscores the pressures facing the company amidst broader economic conditions and sector-specific challenges. With annual revenue of $3.88 billion, investors and analysts will be closely monitoring the company’s strategic responses to these market dynamics as it navigates this downturn. For deeper insights and additional analysis, check out the comprehensive Pro Research Report available on InvestingPro.
In other recent news, James Hardie Industries reported its first-quarter earnings for fiscal year 2026, missing both earnings per share (EPS) and revenue forecasts. The company’s EPS was $0.29, falling short of the expected $0.35, and revenue reached $899.9 million, below the forecasted $950.68 million. This earnings report contributed to a 27% drop in the company’s stock in Sydney trading. Following these results, Truist Securities lowered its price target for James Hardie to $25.00, maintaining a Buy rating, citing weak demand in North America. Similarly, Jefferies reduced its price target to $30.00, also maintaining a Buy rating, describing the company’s outlook as "softer" than expected. Both analyst firms noted the company’s full-year guidance as weaker than anticipated. These developments highlight recent challenges faced by James Hardie in meeting market expectations.
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