Analysts Set Continental Building Products Inc. (CBPX) Price Target at $23.20
Shares of Continental Building Products Inc. (NYSE:CBPX) have earned a consensus recommendation of “Hold” from the ten analysts that are presently covering the company. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $23.20.
CBPX has been the topic of a number of research analyst reports. Credit Suisse Group AG reissued a “buy” rating on shares of Continental Building Products in a report on Monday, August 8th. Zacks Investment Research raised Continental Building Products from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 10th. TheStreet cut Continental Building Products from a “buy” rating to a “hold” rating in a research note on Monday, August 8th. Deutsche Bank AG raised their target price on Continental Building Products from $21.00 to $22.00 and gave the company a “hold” rating in a research note on Tuesday, August 9th. Finally, 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 note on Thursday, August 4th.
Continental Building Products (NYSE:CBPX) opened at 22.40 on Monday. The firm has a market cap of $895.82 million, a P/E ratio of 21.92 and a beta of 1.26. Continental Building Products has a 1-year low of $13.25 and a 1-year high of $24.78. The stock’s 50 day moving average is $20.95 and its 200-day moving average is $21.93.
Continental Building Products (NYSE:CBPX) last issued its quarterly earnings results on Monday, November 7th. The company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by $0.04. The business had revenue of $114.56 million for the quarter, compared to analyst estimates of $114.44 million. Continental Building Products had a net margin of 9.27% and a return on equity of 15.21%. Continental Building Products’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 earnings per share. Analysts forecast that Continental Building Products will post $1.13 EPS for the current year.
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Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Group LTD raised its position in Continental Building Products by 3.7% in the first quarter. BlackRock Group LTD now owns 67,241 shares of the company’s stock worth $1,247,000 after buying an additional 2,371 shares during the period. Boothbay Fund Management LLC raised its stake in shares of Continental Building Products by 87.6% in the first quarter. Boothbay Fund Management LLC now owns 40,188 shares of the company’s stock worth $746,000 after buying an additional 18,764 shares during the last quarter. First Quadrant L P CA acquired a new stake in shares of Continental Building Products during the second quarter worth approximately $471,000. Old Mutual Global Investors UK Ltd. raised its stake in shares of Continental Building Products by 75.9% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 151,876 shares of the company’s stock worth $3,376,000 after buying an additional 65,543 shares during the last quarter. Finally, Genesee Valley Trust Co. acquired a new stake in shares of Continental Building Products during the second quarter worth approximately $227,000. Institutional investors and hedge funds own 97.98% 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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