Jerash Holdings (US) Inc (NASDAQ:JRSH) has received an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.
Brokers have set a 12 month consensus price target of $9.50 for the company and are anticipating that the company will post $0.05 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Jerash Holdings (US) an industry rank of 103 out of 256 based on the ratings given to its competitors.
Several brokerages have weighed in on JRSH. DA Davidson began coverage on Jerash Holdings (US) in a research note on Wednesday, April 17th. They set a “buy” rating and a $9.00 target price on the stock. ValuEngine downgraded Jerash Holdings (US) from a “hold” rating to a “sell” rating in a research note on Tuesday, May 7th. Finally, Roth Capital began coverage on Jerash Holdings (US) in a research note on Monday, February 25th. They set a “buy” rating and a $10.00 target price on the stock.
Shares of Jerash Holdings (US) stock opened at $7.04 on Tuesday. Jerash Holdings has a 1-year low of $4.77 and a 1-year high of $10.39.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Tuesday, May 28th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend is Friday, May 24th.
Jerash Holdings (US) Company Profile
Jerash Holdings (US), Inc, through its subsidiaries, manufactures and exports customized and ready-made sports and outerwear. The company offers jackets, polo shirts, crew neck shirts, pants, and shorts made from knitted fabric. It serves various brand-name retailers in the United States, Jordan, and internationally.
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