Analysts Recommend Flight Centre and James Hardie as ASX 200 Blue Chip Buys

2 min read | January 02, 2025 11:47 AM AEDT | By Team Kalkine Media

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Analysts Recommend Flight Centre and James Hardie as ASX 200 Blue Chip Buys — Image source: shutterstock

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Highlights

Flight Centre: Macquarie analysts see recent share price weakness as a buying opportunity, with a price target of $22.34.

James Hardie: Bell Potter has set a price target of $64.00, driven by strong growth in the US fibre cement market and the company’s market leadership.

Growth Drivers: Both companies are well-positioned for long-term growth, with Flight Centre benefiting from global travel demand recovery and James Hardie poised to capitalize on structural shifts in the US housing market.

Flight Centre (ASX:FLT) and James Hardie (ASX:JHX) are receiving positive analyst ratings, with strong growth potential driving investor optimism.

Flight Centre Travel Group: A Buying Opportunity Amid Temporary Setback

Macquarie analysts have recently given an "Outperform" rating to Flight Centre Travel Group (ASX:FLT), viewing its recent share price decline as a prime buying opportunity for investors. Despite a softer-than-expected start to FY 2025, the analysts believe this to be a short-term challenge rather than a long-term issue.

Macquarie has set a price target of $22.34 for the company, pointing to its robust portfolio of travel brands such as Aunt Betty, Corporate Traveller, and Travel Associates. This diversified approach is expected to drive long-term growth, especially as global travel demand continues to rebound following the pandemic. Analysts are optimistic about Flight Centre’s prospects in the evolving travel industry, positioning it well for future success.

James Hardie Industries: Positioned for Growth in the US Market

Bell Potter has issued a "Buy" rating for James Hardie Industries (ASX:JHX), reflecting confidence in the company's potential, particularly within the US fibre cement market. With a price target of $64.00, the analysts believe James Hardie is poised to capitalize on growing demand for fibre cement cladding, a shift in housing preferences that benefits the company’s premium brand.

The company’s leadership in the fibre cement industry, along with structural demand in the US housing market, presents a multi-year growth runway. Additionally, potential cyclical tailwinds, such as possible rate cuts, could further support earnings expansion. Bell Potter highlights James Hardie's strong pricing power, which positions the company for sustainable profit growth in the long term.

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