Continental Building Products, Inc. (CBPX) Upgraded by BidaskClub to Hold
Continental Building Products, Inc. (NYSE:CBPX) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a report released on Saturday.
Several other analysts have also weighed in on CBPX. Zacks Investment Research raised Continental Building Products from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Monday, August 7th. Royal Bank Of Canada reissued a “buy” rating on shares of Continental Building Products in a report on Monday, May 15th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $26.33.
Shares of Continental Building Products (CBPX) opened at 24.30 on Friday. The company’s 50 day moving average price is $22.24 and its 200 day moving average price is $23.78. The firm has a market cap of $933.61 million, a P/E ratio of 22.36 and a beta of 1.25. 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 announced its quarterly earnings data on Thursday, August 3rd. The construction company reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by $0.03. Continental Building Products had a return on equity of 15.45% and a net margin of 9.16%. The firm had revenue of $120.60 million for the quarter, compared to analyst estimates of $127.60 million. During the same period in the previous year, the business posted $0.31 EPS. Continental Building Products’s revenue for the quarter was up 3.0% compared to the same quarter last year. Equities research analysts forecast that Continental Building Products will post $1.30 EPS for the current year.
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A number of hedge funds have recently made changes to their positions in CBPX. Bessemer Group Inc. bought a new stake in shares of Continental Building Products during the second quarter valued at approximately $100,000. BNP Paribas Arbitrage SA raised its stake in shares of Continental Building Products by 128.9% in the second quarter. BNP Paribas Arbitrage SA now owns 5,645 shares of the construction company’s stock valued at $132,000 after buying an additional 3,179 shares in the last quarter. First Mercantile Trust Co. raised its stake 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 stake 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. Finally, Legal & General Group Plc raised its position in 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 worth $216,000 after buying an additional 802 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 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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