Continental Building Products (CBPX) Given a $27.00 Price Target by Royal Bank of Canada Analysts

Royal Bank of Canada set a $27.00 price target on Continental Building Products (NYSE:CBPX) in a report released on Friday morning, TipRanks reports. The brokerage currently has a hold rating on the construction company’s stock.

CBPX has been the subject of a number of other research reports. Zacks Investment Research raised shares of Continental Building Products from a hold rating to a buy rating and set a $29.00 price objective for the company in a research report on Tuesday, January 8th. ValuEngine raised shares of Continental Building Products from a sell rating to a hold rating in a report on Monday, February 4th. Raymond James downgraded shares of Continental Building Products from a strong-buy rating to a market perform rating in a report on Wednesday, January 23rd. Finally, Seaport Global Securities reaffirmed a neutral rating on shares of Continental Building Products in a report on Monday, February 25th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company’s stock. Continental Building Products currently has a consensus rating of Hold and a consensus target price of $31.89.

Shares of CBPX opened at $27.52 on Friday. Continental Building Products has a one year low of $23.09 and a one year high of $39.60. The stock has a market capitalization of $976.89 million, a PE ratio of 13.62, a PEG ratio of 3.74 and a beta of 1.34. The company has a quick ratio of 2.57, a current ratio of 3.09 and a debt-to-equity ratio of 0.80.

Continental Building Products (NYSE:CBPX) last announced its quarterly earnings data on Thursday, May 2nd. The construction company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.08. Continental Building Products had a net margin of 14.35% and a return on equity of 22.53%. The company had revenue of $122.03 million during the quarter, compared to the consensus estimate of $116.07 million. During the same quarter last year, the firm posted $0.36 EPS. The company’s quarterly revenue was up 4.5% on a year-over-year basis. On average, research analysts forecast that Continental Building Products will post 2.12 earnings per share for the current fiscal year.

In related news, CFO Dennis Charles Schemm sold 1,387 shares of Continental Building Products stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $26.14, for a total transaction of $36,256.18. Following the completion of the sale, the chief financial officer now owns 57,726 shares of the company’s stock, valued at approximately $1,508,957.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.78% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of CBPX. BlackRock Inc. boosted its holdings in Continental Building Products by 1.8% in the 3rd quarter. BlackRock Inc. now owns 2,500,341 shares of the construction company’s stock valued at $93,888,000 after purchasing an additional 44,222 shares during the period. JPMorgan Chase & Co. raised its position in shares of Continental Building Products by 5.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 604,246 shares of the construction company’s stock valued at $22,689,000 after buying an additional 31,328 shares in the last quarter. MetLife Investment Advisors LLC raised its position in shares of Continental Building Products by 56.9% in the 3rd quarter. MetLife Investment Advisors LLC now owns 27,156 shares of the construction company’s stock valued at $1,020,000 after buying an additional 9,843 shares in the last quarter. Morgan Stanley raised its position in shares of Continental Building Products by 229.3% in the 3rd quarter. Morgan Stanley now owns 294,767 shares of the construction company’s stock valued at $11,068,000 after buying an additional 205,242 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Continental Building Products by 2.9% in the 3rd quarter. Vanguard Group Inc. now owns 4,829,264 shares of the construction company’s stock valued at $181,339,000 after buying an additional 135,931 shares in the last quarter.

About Continental Building Products

Continental Building Products, Inc manufactures and sells gypsum wallboard and complementary finishing products in the eastern United States and eastern Canada. The company sells its products to gypsum wallboard distributors, buying groups, wholesalers, and mass merchants in the new residential, repair and remodel, and commercial construction markets under the LiftLite, Mold Defense, and Weather Defense brand names.

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Analyst Recommendations for Continental Building Products (NYSE:CBPX)

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