Buy, hold, sell: James Hardie, TechnologyOne, and Webjet shares

A number of updates have hit the wires this week and Morgans has been quick to run the rule over them.

Let’s see if the broker has responded positively to them. Here’s what the broker is saying:

James Hardie Industries plc (ASX: JHX)

Morgans was pleased with this building materials company’s FY 2026 result, highlighting that it was in line with consensus expectations.

And while market conditions remain weak, the broker is cautiously positive on its outlook and has named James Hardie shares as a buy with a $39.00 price target. It said:

FY26 result was in line with Consensus (and a slight beat vs prior guidance), while Consensus for FY27 was at the top end of guidance. To this end, the company is forecasting FY27 pro forma growth of 4-8%, with siding back to organic growth. Market conditions remain subdued, citing lower builder activity and affordability pressures – looking forward management assumes no market recovery in FY27.

As such, FY26 can be chalked up as a transformational but financially dilutive year, while FY27 is about margin and cash-recovery driven by synergies rather than any improvement in the housing market. Buy retained, with a A$39.00/sh price target.

TechnologyOne Ltd (ASX: TNE)

This enterprise software provider’s performance in the first half of FY 2026 was in line with Morgans’ expectations.

In light of this and its strong sales pipeline, the broker has upgraded TechnologyOne’s shares to an accumulate rating with a $32.30 price target. It explains:

TNE’s 1H26 result came in largely as expected, albeit with some FX headwinds, which otherwise would have seen its underlying result land ahead of consensus. The group enters 2H26, with a strong pipeline of ‘Plus’ leads, which sees TNE well positioned to achieve the top end of its re-affirmed FY26 ARR/PBT Guidance. The pullback in TNE’s share price sees our TSR lift to 18% and we therefore move to an Accumulate rating with a $32.30 price target.

Webjet Group Ltd (ASX: WJL)

Morgans wasn’t overly impressed with this online travel agent’s FY 2026 results.

And with trading conditions set to remain challenging in FY 2027, the broker has reduced its estimates meaningfully.

As a result, the broker has retained its hold rating on Webjet’s shares with a heavily reduced price target of 40 cents. It said:

WJL’s FY26 result was weak but in line with guidance. FY26 was impacted by subdued trading conditions and material investment in the business. FY27 is going to be a particularly challenging year for WJL given the Middle East conflict, cost of living pressures, Virgin Australia materially reducing its commission and overrides and the RBA surcharging regulation changes.

We have made significant revisions to our already well below consensus forecasts. In the absence of corporate activity, shareholders will need to be patient given the current challenges WJL needs to overcome while investing in its business for longer term success. We retain a Hold rating with a new price target of A$0.40.

The post Buy, hold, sell: James Hardie, TechnologyOne, and Webjet shares appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has positions in Technology One. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Technology One. The Motley Fool Australia has recommended Technology One. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.