JPMorgan Chase & Co. Boosts CRH (NYSE:CRH) Price Target to $140.00

CRH (NYSE:CRH) had its price target raised by JPMorgan Chase & Co. from $135.00 to $140.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the construction company’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 22.89% from the company’s previous close.

CRH has been the topic of a number of other research reports. Wells Fargo & Company lifted their price target on shares of CRH from $133.00 to $135.00 and gave the company an “equal weight” rating in a research note on Friday, February 20th. Longbow Research started coverage on CRH in a report on Tuesday, December 16th. They set a “buy” rating and a $160.00 price objective for the company. Morgan Stanley increased their target price on CRH from $140.00 to $141.00 and gave the stock an “overweight” rating in a report on Monday. UBS Group lifted their target price on CRH from $138.00 to $147.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of CRH in a report on Monday, December 8th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $137.86.

CRH Stock Down 3.2%

Shares of NYSE:CRH traded down $3.80 during trading on Tuesday, hitting $113.92. 4,961,149 shares of the company traded hands, compared to its average volume of 4,920,794. The stock has a market capitalization of $76.13 billion, a price-to-earnings ratio of 20.65, a PEG ratio of 2.10 and a beta of 1.33. CRH has a one year low of $76.75 and a one year high of $131.55. The business’s fifty day moving average is $124.54 and its 200-day moving average is $119.25.

CRH (NYSE:CRH) last posted its quarterly earnings data on Wednesday, February 18th. The construction company reported $1.52 EPS for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.68). The firm had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $11.15 billion. CRH had a return on equity of 15.98% and a net margin of 10.02%.During the same period in the prior year, the firm posted $1.02 EPS. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. On average, analysts forecast that CRH will post 5.47 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CRH. Vanguard Group Inc. lifted its stake in shares of CRH by 22.7% in the 4th quarter. Vanguard Group Inc. now owns 79,117,664 shares of the construction company’s stock worth $9,873,884,000 after acquiring an additional 14,623,673 shares during the period. State Street Corp lifted its position in CRH by 81.3% in the fourth quarter. State Street Corp now owns 24,895,205 shares of the construction company’s stock valued at $3,106,927,000 after purchasing an additional 11,167,189 shares during the period. Geode Capital Management LLC boosted its holdings in CRH by 67.3% in the 4th quarter. Geode Capital Management LLC now owns 14,709,575 shares of the construction company’s stock valued at $1,827,252,000 after purchasing an additional 5,916,930 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in CRH by 24.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,803,346 shares of the construction company’s stock worth $1,175,347,000 after purchasing an additional 2,499,558 shares during the period. Finally, Norges Bank purchased a new position in shares of CRH during the 4th quarter worth approximately $1,476,939,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

CRH Company Profile

CRH plc, originally formed as Cement Roadstone Holdings in 1970 and headquartered in Dublin, Ireland, is a global building materials group. The company has grown from its Irish roots into one of the largest international suppliers of construction materials, expanding primarily through acquisitions and regional business development. CRH operates an integrated network of manufacturing and distribution businesses that serve both public and private construction markets.

CRH’s core activities include the production and distribution of aggregates, cement, asphalt, ready-mixed concrete and other bulk materials, together with a broad range of value-added building products such as precast concrete, masonry, bricks, roofing products, pipe and drainage systems, and construction accessories.