Somewhat Positive Press Coverage Somewhat Unlikely to Affect Continental Building Products (CBPX) Stock Price
News articles about Continental Building Products (NYSE:CBPX) have trended somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Continental Building Products earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave news coverage about the construction company an impact score of 46.2570994971131 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- Continental Buil Rises 5.99% on Heavy Volume: Watch For Potential Pullback (mysmartrend.com)
- Continental Building Products, Inc. breached its 50 day moving average in a Bullish Manner : CBPX-US : August 29, 2017 (finance.yahoo.com)
- Monday’s ETF with Unusual Volume: PKB (etfchannel.com)
- Masco Corporation (MAS) and Continental Building Products (CBPX) Head-To-Head Survey (americanbankingnews.com)
- Zacks: Brokerages Expect Continental Building Products, Inc. (CBPX) Will Announce Quarterly Sales of $123.45 Million (americanbankingnews.com)
Shares of Continental Building Products (NYSE CBPX) opened at 24.55 on Thursday. Continental Building Products has a one year low of $18.35 and a one year high of $26.52. The firm has a market cap of $943.21 million, a PE ratio of 22.59 and a beta of 1.28. The company has a 50-day moving average of $22.02 and a 200 day moving average of $23.77.
Continental Building Products (NYSE:CBPX) last issued its quarterly earnings data on Thursday, August 3rd. The construction company reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by $0.03. The company had revenue of $120.60 million for the quarter, compared to analyst estimates of $127.60 million. Continental Building Products had a net margin of 9.16% and a return on equity of 15.45%. The business’s revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.31 EPS. On average, equities research analysts expect that Continental Building Products will post $1.30 EPS for the current fiscal year.
Several brokerages have recently issued reports on CBPX. Zacks Investment Research raised shares of Continental Building Products from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Monday, August 7th. BidaskClub raised shares of Continental Building Products from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of Continental Building Products in a research report on Monday, May 15th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. Continental Building Products presently has a consensus rating of “Hold” and an average price target of $26.33.
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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.
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