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James Hardie ( (AU:JHX) ) has issued an update.
James Hardie Industries has completed its acquisition of The AZEK Company, significantly expanding its market presence in exterior home and outdoor living solutions. This strategic move is expected to accelerate revenue and EBITDA growth, enhance profitability, and generate robust cash flow, positioning James Hardie as a leading provider in the industry. The acquisition also marks the cessation of AZEK’s stock trading on the NYSE and the listing of James Hardie’s ordinary shares on the NYSE, further solidifying its market positioning.
The most recent analyst rating on (AU:JHX) stock is a Hold with a A$55.00 price target. To see the full list of analyst forecasts on James Hardie stock, see the AU:JHX Stock Forecast page.
More about James Hardie
James Hardie Industries plc is a leader in high-performance, low-maintenance building product solutions. The company offers a portfolio of exterior brands, including Hardie®, TimberTech®, AZEK® Exteriors, Versatex®, StruXure®, Ultralox® and Intex®, providing siding, decking, trim, railing, and pergolas. James Hardie focuses on delivering value and design possibilities for homeowners.
Average Trading Volume: 3,189,469
Technical Sentiment Signal: Sell
Current Market Cap: A$16.74B
See more data about JHX stock on TipRanks’ Stock Analysis page.