BidaskClub upgraded shares of Continental Building Products, Inc. (NYSE:CBPX) from a strong sell rating to a sell rating in a research report sent to investors on Monday morning.

Other equities analysts have also issued reports about the stock. Royal Bank Of Canada reiterated a buy rating on shares of Continental Building Products in a report on Friday, May 5th. Zacks Investment Research upgraded shares of Continental Building Products from a hold rating to a buy rating and set a $26.00 target price on the stock in a report on Monday, July 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $25.20.

Continental Building Products (CBPX) traded up 1.90% on Monday, hitting $21.45. The company’s stock had a trading volume of 636,563 shares. The firm has a market cap of $847.96 million, a price-to-earnings ratio of 19.68 and a beta of 1.29. The firm has a 50 day moving average of $22.84 and a 200 day moving average of $23.94. Continental Building Products has a 12 month low of $18.35 and a 12 month high of $26.52.

Continental Building Products (NYSE:CBPX) last posted its earnings results on Thursday, May 4th. The construction company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.06. The company had revenue of $120.60 million for the quarter, compared to analyst estimates of $109.81 million. Continental Building Products had a net margin of 9.30% and a return on equity of 15.57%. Continental Building Products’s revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.30 EPS. Equities research analysts forecast that Continental Building Products will post $1.36 earnings per share for the current fiscal year.

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Institutional investors have recently bought and sold shares of the stock. Bessemer Group Inc. purchased a new position in Continental Building Products during the second quarter valued at $100,000. First Mercantile Trust Co. raised its position in shares of Continental Building Products by 1.8% in the second quarter. First Mercantile Trust Co. now owns 6,230 shares of the construction company’s stock valued at $145,000 after buying an additional 110 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Continental Building Products by 26.7% in the first quarter. SG Americas Securities LLC now owns 8,340 shares of the construction company’s stock valued at $204,000 after buying an additional 1,759 shares in the last quarter. Legal & General Group Plc raised its position in shares of Continental Building Products by 9.5% in the second quarter. Legal & General Group Plc now owns 9,279 shares of the construction company’s stock valued at $216,000 after buying an additional 802 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Continental Building Products by 30.1% in the first quarter. Victory Capital Management Inc. now owns 8,987 shares of the construction company’s stock valued at $220,000 after buying an additional 2,079 shares in the last quarter. Institutional investors own 96.07% 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 operates through wallboard segment. Gypsum wallboard is a primary building material used in residential and commercial construction and in repair and remodel (R&R). It offers customers a range of gypsum wallboard products, including LiftLite, its lightweight product designed to lift and install; its Mold Defense line of products designed for protection against mold and mildew, and its Weather Defense line of moisture and mold-resistant exterior sheathing.

Analyst Recommendations for Continental Building Products (NYSE:CBPX)

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