Jarden Corp. (NYSE:JAH)‘s stock had its “buy” rating reiterated by research analysts at Citigroup Inc. in a report released on Thursday, Analyst Ratings Network reports. They currently have a $55.00 target price on the stock, up from their previous target price of $53.00. Citigroup Inc.’s target price suggests a potential upside of 16.50% from the company’s current price.

The analysts wrote, “JAH announced it will acquire Yankee Candle for approximately $1.75bn in cash. Yankee Candle is a leading scented candle company with over 500 retail locations in the US and a growing international presence. The acquisition is expected to close in early 4Q13. Yankee Candle has many of the same attractive business characteristics as Jarden, including a leading market position in its core categories, a loyal customer base and an experienced mgmt team. Yankee Candle has delivered consistent organic growth that should be faster than Jarden’s overall organic sales growth profile of 3%-5%, as well as strong margins and solid cash flow. Its seasonal staple characteristics have enabled Yankee Candle to demonstrate a proven resilience through economic cycles.”

Separately, analysts at Goldman Sachs Group Inc. initiated coverage on shares of Jarden Corp. (NYSE:JAH) in a research note to investors on Tuesday, June 25th. They set a “neutral” rating and a $49.00 price target on the stock.

One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $54.86.

Jarden Corp. (NYSE:JAH) traded up 0.06% on Thursday, hitting $47.24. The stock had a trading volume of 8,437,385 shares. Jarden Corp. has a 1-year low of $32.4267 and a 1-year high of $49.28. The stock has a 50-day moving average of $45.64 and a 200-day moving average of $44.49. The company has a market cap of $5.320 billion and a P/E ratio of 26.82.

Jarden Corp. (NYSE:JAH) last released its earnings data on Thursday, July 25th. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.01. The company had revenue of $1.76 million for the quarter, compared to the consensus estimate of $1.76 million. During the same quarter in the previous year, the company posted $1.14 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. Analysts expect that Jarden Corp. will post $3.26 EPS for the current fiscal year.

Jarden Corporation (NYSE:JAH) is a global consumer products company.

This article (Jarden Corp. Given Buy Rating at Citigroup Inc. (JAH)) was originally developed by and is property of American Banking News.

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