JHX Price Prediction Next Week
Technical Analysis: JHX shows a strong upward trend with recent price action forming higher highs and higher lows. The stock has broken above key resistance at $38.00 and closed at $38.54 on Friday.
Price Targets for Next Week:
- Support levels: $38.00, $37.20
- Resistance levels: $39.50, $40.00
- Expected trading range: $37.80-$39.80
News Sentiment Analysis:
- Multiple analysts maintain Buy ratings with higher price targets:
- Jarden: A$54.00 target
- Goldman Sachs: A$59.45 target
- UBS: A$60.00 target
- Latest quarterly results show slight revenue decline but maintained profitability:
- Revenue: $953.3M (-2.6% YoY)
- Net profit: $141.7M (-2.3% YoY)
Price Prediction & Recommendation: Based on technical momentum and positive analyst sentiment, JHX is likely to test $39.50 next week. The stock shows strong institutional support above $38.00.
Recommendation: BUY Entry: Current market price ($38.54) Target: $39.50 (+2.5%) Stop loss: $37.80 (-1.9%)
The risk/reward ratio favors a long position with upside potential supported by multiple analyst upgrades and strong technical setup.
JHX Similar Chart Price Prediction
The price of JHX is predicted to go up -7.61%, based on the high correlation periods with NMIH. The similarity of these two price pattern on the periods is 94.01%.
JHX
NMIH
Down: -7.61%Similarity: 94.01%
JHX Revenue Forecast
JHX EPS Forecast
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JHX VS S&P500
James Hardie's US segment continues to take market share from lower-cost alternative siding materials such as vinyl and wood, despite higher prices, and a downturn in residential spending.
Economic cycles aside, James Hardie's wide economic moat provides a strong defense for long-term earnings and returns.
About 25% of all new house builds in the US use fiber cement siding, supporting the firm's future repair and renovation pipeline as these homes will eventually need residing or repairs.
JHX Analyst's Forecast
Simon Thackray
Jefferies
Hold → Strong Buy
2025-01-30
Price Target
n/a
Downside
0%
Jefferies assumed James Hardie at Buy from Hold with a A$63 price target. The firm expects James Hardie still has flexibility in SG&A investment, particularly as a means tot achieve FY25 guidance for net profit after income tax of at least $635M+ against any further deterioration in volume. The analyst added that the firm's FY26 NPAT view is inline with consensus, and assumes a step-up in volumes from 2H26+, underpinning +30% FY26 North America EBIT margins.
Keith Hughes
Truist Securities
Strong Buy
2024-12-10
Price Target
$45
Upside
+29.5%
