4. Jarden (JAH - Get Report) is a provider of business solutions for consumer, outdoor, branded consumables and process markets. The company generates most of its revenue in the U.S., but has operations in Canada, Asia, Europe and Latin America.
Of the 10 analysts covering the stock, eight recommend a buy and two suggest a hold. There are no sell ratings. The stock's average 12-month price target is $43.50, about 49.1% higher than the current price, according to a consensus of analysts polled by Bloomberg.
Net revenue for 2011 third quarter grew 11% to $1.8 billion from $1.6 million in the third quarter of 2010. Organic sales surged more than 5% year over year. Net income for the quarter stood at $90.7 million, or $1.03 per diluted share, vs. net income of $80.6 million, or 90 cents per share in the same quarter of the prior year. Jarden paid regular quarterly cash dividend of 8.625 cents per share on Oct. 31 to stockholders of record Oct. 3.Early December, the company's wholly owned subsidiary Pure Fishing announced acquiring the assets of Beyond Fishing and Sporting Goods in South Africa, Jarden's first direct venture in Africa. Jarden expects strong momentum next year and targets $5.00 adjusted earnings per share by 2014.
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