In a report released on June 2, Morgan Stanley also maintained a Buy rating on the stock with a A$38.00 price target.
Based on James Hardie’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of A$1.4 billion and a net profit of A$28.5 million. In comparison, last year the company earned a revenue of A$971.5 million and had a net profit of A$43.6 million
Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of JHIUF in relation to earlier this year.
