Brokerages Set $9.50 Price Target for Jerash Holdings (US) Inc (NASDAQ:JRSH)

Shares of Jerash Holdings (US) Inc (NASDAQ:JRSH) have earned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.

Analysts have set a 12-month consensus price objective of $9.50 for the company and are expecting that the company will post $0.20 earnings per share for the current quarter, according to Zacks. Zacks has also given Jerash Holdings (US) an industry rank of 163 out of 256 based on the ratings given to its competitors.

JRSH has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a report on Wednesday, June 5th. ValuEngine upgraded shares of Vistra Energy from a “hold” rating to a “buy” rating in a report on Wednesday, July 3rd. Finally, DA Davidson lowered their price objective on shares of Comerica from $87.00 to $85.00 and set a “neutral” rating for the company in a report on Wednesday, April 17th.

A hedge fund recently bought a new stake in Jerash Holdings (US) stock. Vanguard Group Inc. acquired a new position in Jerash Holdings (US) Inc (NASDAQ:JRSH) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 33,054 shares of the company’s stock, valued at approximately $215,000. Vanguard Group Inc. owned 0.29% of Jerash Holdings (US) at the end of the most recent reporting period. 3.67% of the stock is currently owned by institutional investors and hedge funds.

JRSH traded down $0.14 on Friday, hitting $7.00. The company had a trading volume of 7,366 shares, compared to its average volume of 4,638. Jerash Holdings has a 52-week low of $4.77 and a 52-week high of $8.50. The business has a fifty day simple moving average of $6.94.

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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