Continental Building Products Inc. (NYSE:CBPX) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “Continental Building Products, Inc. is a manufacturer of gypsum wallboard, joint compound and complementary finishing products. It serves the residential, commercial and repair and remodel construction markets primarily in the eastern United States and eastern Canada. The company sells its products under the LiftLite, Mold Defense and Weather Defense names. Continental Building Products, Inc. is headquartered in Silver Grove, Quebec. “

Other analysts also recently issued research reports about the company. Deutsche Bank AG raised their price target on Continental Building Products from $21.00 to $22.00 and gave the stock a “hold” rating in a report on Tuesday, August 9th. Credit Suisse Group AG reissued a “buy” rating on shares of Continental Building Products in a report on Monday, August 8th. Citigroup Inc. raised their target price on Continental Building Products from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, August 4th. Finally, TheStreet cut Continental Building Products from a “buy” rating to a “hold” rating in a research report on Monday, August 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $23.13.

Analyst Recommendations for Continental Building Products (NYSE:CBPX)

Shares of Continental Building Products (NYSE:CBPX) opened at 20.45 on Wednesday. The stock has a market capitalization of $827.14 million, a P/E ratio of 21.35 and a beta of 1.26. The firm’s 50-day moving average price is $20.57 and its 200-day moving average price is $21.71. Continental Building Products has a 52-week low of $13.25 and a 52-week high of $24.78.

Continental Building Products (NYSE:CBPX) last announced its quarterly earnings results on Monday, November 7th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by $0.04. The company earned $114.56 million during the quarter, compared to the consensus estimate of $114.44 million. Continental Building Products had a return on equity of 15.21% and a net margin of 9.27%. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period last year, the business posted $0.25 EPS. Equities analysts forecast that Continental Building Products will post $1.21 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of the stock. TIAA CREF Investment Management LLC boosted its position in shares of Continental Building Products by 4.1% in the first quarter. TIAA CREF Investment Management LLC now owns 228,775 shares of the company’s stock valued at $4,246,000 after buying an additional 8,960 shares during the period. BlackRock Group LTD boosted its position in shares of Continental Building Products by 3.7% in the first quarter. BlackRock Group LTD now owns 67,241 shares of the company’s stock valued at $1,247,000 after buying an additional 2,371 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Continental Building Products by 11.2% in the first quarter. JPMorgan Chase & Co. now owns 232,814 shares of the company’s stock valued at $4,321,000 after buying an additional 23,434 shares during the period. HBK Investments L P boosted its position in shares of Continental Building Products by 173.6% in the first quarter. HBK Investments L P now owns 57,400 shares of the company’s stock valued at $1,065,000 after buying an additional 36,418 shares during the period. Finally, Nuveen Asset Management LLC boosted its position in shares of Continental Building Products by 16.7% in the first quarter. Nuveen Asset Management LLC now owns 204,637 shares of the company’s stock valued at $3,798,000 after buying an additional 29,241 shares during the period. Institutional investors own 99.82% of the company’s stock.

About Continental Building Products

Continental Building Products, Inc is a manufacturer of gypsum wallboard and complementary finishing products. The Company’s segment is wallboard. The Company’s manufacturing facilities and sales efforts are concentrated in the eastern United States and eastern Canada. Gypsum wallboard is a primary building material used in new residential and commercial construction and in repair and remodel (R&R).

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