Zacks: Jerash Holdings (US) Inc (JRSH) Given $10.00 Consensus Target Price by Brokerages

Jerash Holdings (US) Inc (NASDAQ:JRSH) has received an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Analysts have set a one year consensus price target of $10.00 for the company and are predicting that the company will post $0.04 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Jerash Holdings (US) an industry rank of 154 out of 255 based on the ratings given to related companies.

Separately, Roth Capital started coverage on shares of Jerash Holdings (US) in a research report on Monday, February 25th. They issued a “buy” rating and a $10.00 price objective for the company.

Shares of NASDAQ:JRSH traded up $0.15 during midday trading on Friday, hitting $7.38. 9,438 shares of the company’s stock were exchanged, compared to its average volume of 13,908. Jerash Holdings has a 12 month low of $4.77 and a 12 month high of $11.00.

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. purchased a new position in Jerash Holdings (US) in the third quarter valued at about $215,000. Vanguard Group Inc purchased a new position in Jerash Holdings (US) in the third quarter valued at about $215,000. Royce & Associates LP purchased a new position in Jerash Holdings (US) in the third quarter valued at about $262,000. Finally, Perritt Capital Management Inc. purchased a new position in Jerash Holdings (US) in the fourth quarter valued at about $305,000. 2.99% of the stock is owned by institutional investors and hedge funds.

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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