Stock analysts at Seaport Global Securities started coverage on shares of Continental Building Products Inc. (NYSE:CBPX) in a report released on Tuesday. The brokerage set a “neutral” rating on the stock.

A number of other research analysts have also issued reports on the stock. Deutsche Bank AG raised their target price on shares of Continental Building Products from $21.00 to $22.00 and gave the company a “hold” rating in a research note on Tuesday, August 9th. Credit Suisse Group AG reiterated a “buy” rating on shares of Continental Building Products in a research note on Monday, August 8th. Zacks Investment Research upgraded shares of Continental Building Products from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 10th. TheStreet lowered shares of Continental Building Products from a “buy” rating to a “hold” rating in a research note on Monday, August 8th. Finally, Citigroup Inc. raised their target price on shares of Continental Building Products from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, August 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $23.14.

Analyst Recommendations for Continental Building Products (NYSE:CBPX)

Shares of Continental Building Products (NYSE:CBPX) opened at 22.55 on Tuesday. The company’s 50-day moving average is $20.66 and its 200 day moving average is $21.85. Continental Building Products has a 1-year low of $13.25 and a 1-year high of $24.78. The firm has a market cap of $901.82 million, a price-to-earnings ratio of 22.06 and a beta of 1.26.

Continental Building Products (NYSE:CBPX) last announced its quarterly earnings results on Monday, November 7th. The company reported $0.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by $0.04. Continental Building Products had a return on equity of 15.21% and a net margin of 9.27%. The business had revenue of $114.56 million for the quarter, compared to analyst estimates of $114.44 million. During the same quarter last year, the company earned $0.25 EPS. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. On average, equities research analysts expect that Continental Building Products will post $1.13 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the company. Quantbot Technologies LP raised its stake in Continental Building Products by 10.5% in the third quarter. Quantbot Technologies LP now owns 4,854 shares of the company’s stock valued at $101,000 after buying an additional 463 shares in the last quarter. Acrospire Investment Management LLC raised its stake in Continental Building Products by 47.3% in the second quarter. Acrospire Investment Management LLC now owns 4,986 shares of the company’s stock valued at $111,000 after buying an additional 1,600 shares in the last quarter. Legal & General Group Plc raised its stake in Continental Building Products by 5.5% in the second quarter. Legal & General Group Plc now owns 5,176 shares of the company’s stock valued at $112,000 after buying an additional 268 shares in the last quarter. Fifth Third Bancorp bought a new stake in Continental Building Products during the second quarter valued at about $127,000. Finally, Teacher Retirement System of Texas raised its stake in Continental Building Products by 30.3% in the second quarter. Teacher Retirement System of Texas now owns 5,720 shares of the company’s stock valued at $127,000 after buying an additional 1,329 shares in the last quarter.

Continental Building Products Company Profile

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).

5 Day Chart for NYSE:CBPX

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