Are Jarden (NYSE:JAH) Shares a Sell Now? Raymond James Has Downgraded Stock


Jarden (NYSE:JAH) Receives a Downgrade

The Equity Rating of Jarden (NYSE:JAH) rating was downgraded by analysts at Raymond James from the previous Outperform rating to a Mkt Perform rating in analysts note issued to clients and investors on Tuesday morning.

From a total of 16 analysts covering Jarden (NYSE:JAH) stock, 16 rate it a ”Buy”, 0 a “Sell”, and 1 a ”Hold”. This means that 94% of the ratings are positive. The highest target price is $65 while the lowest target price is $54. The mean of all analyst targets is $59.38 with a 10.06% above today’s ($54.97) stock price. Jarden was the topic of 7 analyst reports since July 28, 2015 according to the firm StockzIntelligence Inc. Barclays Capital initiated shares on November 9 with “Overweight” rating. Sterne Agee CRT initiated JAH stock in a recent report from July 21 with “Buy” rating.

Approximately 8.07M shares of stock traded hands or 97.31% up from the average. Jarden Corp (NYSE:JAH) has risen 3.58% since May 12, 2015 and is uptrending. It has outperformed by 7.26% the S&P500.

The overall sentiment of institutions has increased to 1.74 in Q2 2015. Its up 0.68, from 1.06 in 2015Q2. The ratio is positive, as 35 institutions have sold all the shares of Jarden Corp that they owned while 105 funds have taken shares off the table. 56 funds have purchased shares for the first time while 188 added to their positions. These institutions now hold 193.57 million shares or 10.39% more than the 175.36 million shares they owned in 2015Q2.

The Fund Consulta Ltd currently is holding shares equating to 5.81% of its total portfolio in Jarden Corp representing a total of 1.13 million shares. Another fund,New South Capital Management Inc, is holding a total of 4.14 million shares equating to 5.1% of their holdings. Additionally, Spitfire Capital Llc has a 221,849 share stake in Jarden Corp which represents 4.66% of their total portfolio. The Fund, Incline Global Management Llc, based out of New York, has also built up a stake in the stock, which represents a total of 4.54% of their total portfolio. Finally Lathrop Investment Management Corp, a fund which is based in the state of Arkansas reported a total holdings of 258,804 shares.

Insider activity is a very important aspect to track on any stock. Going back to April 29, 2015, shareholders of Jarden Corp have witnessed 0 buys, and a total of 3 selling transactions equating to a net activity of approximately $16.44 million . Franklin Martin E sold 200,000 shares worth approximately $10.96 million. Lillie James E sold 33,333 shares worth approximately $1.83 million. Ashken Ian G H sold 66,666 shares worth approximately $3.65M. Heckmann Richard J sold 4,250 shares worth approximately $230,350. The company insider Lefevre Alan W sold 13,000 shares worth $704,210.

Jarden Corporation is a global consumer products company. The company has a market cap of $12.03 billion. The Firm operates in three primary business divisions: Branded Consumables, Consumer Solutions and Outdoor Solutions. It has 48.79 P/E ratio. The Branded Consumables segment makes or sources, markets and distributes branded consumer products.

According to Zacks Investment Research, “Jarden Corporation is a leading provider of niche consumer products used in home food preservation.”