James Hardie Industries

JHX · ASX

$26.15−$0.39 (−1.47%)TodayMarket closed · Oct 23, 7:30 PM ET

Prev close $26.54

JHX analyst rating

BuyConsensus of 9 analysts over the last 12 months. 89% rate it a buy.

Strong buy0
Buy8
Hold1
Underperform0
Sell0

12-month price target · 14 analysts

Average $32.11 (+22.8% upside)

Low: $27.90
Now: $26.15
High: $37.10

Upgrades and downgrades

The latest rating actions, newest first

JHX analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Baird	Oct 13, 2026	Maintains	Outperform	$34.00 → $32.00	51%
Melius Research	Oct 6, 2026	Initiates	Buy	$36.00	61%
Citigroup	Sep 28, 2026	Downgrade	Buy → Neutral	—	100%
Oppenheimer	Sep 16, 2026	Maintains	Outperform	$36.00	34%
Loop Capital	Sep 14, 2026	Initiates	Buy	$35.00	35%
Barclays	Aug 10, 2026	Upgrade	Equal-Weight → Overweight	$26.00 → $35.00	51%
Stephens & Co.	Aug 7, 2026	Maintains	Overweight	$33.00 → $34.00	57%
Oppenheimer	Aug 7, 2026	Maintains	Outperform	$32.00 → $36.00	34%
Truist Securities	Aug 7, 2026	Maintains	Buy	$30.00 → $40.00	56%
Oppenheimer	Jul 29, 2026	Maintains	Outperform	$30.00 → $32.00	34%

The case for and against

Updated Oct 23, 2026

Bull case

James Hardie Industries is supported by a compelling North America-led growth algorithm that targets 4% to 7% organic growth above the market, driven by material conversion, revenue synergies, and net pricing rather than a housing-cycle rebound. Management’s ability to pull forward the full $125M run-rate cost synergy target in this year, while also guiding to $600M+ of FY27 free cash flow and keeping adjusted EBITDA flow-through above 35%, signals strong execution and improving earnings quality. With AZEK broadening its product set into decking and outdoor accessories, capacity largely in place, and leverage targeted below 2.0x by 2Q FY28, the company appears positioned for sustained growth and greater capital allocation flexibility.

Bear case

James Hardie Industries is exposed to a cyclical North American housing market that drives about 80% of group earnings, so weaker housing demand, recession risk, or higher-for-longer interest rates could quickly slow volumes, worsen affordability, and pressure margins. Its outlook is also burdened by competitive threats in siding and, after the 2025 AZEK acquisition, in composite decking, where aggressive pricing, mix pressure, or substitute products could erode share and industry profitability. On top of that, the mixed initial sentiment around AZEK underscores execution risk around integration, synergy capture, leverage, and dilution, which could constrain growth and returns if management falls short.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.