Continental Building Products Inc (NYSE:CBPX) Given Consensus Rating of “Buy” by Brokerages

Shares of Continental Building Products Inc (NYSE:CBPX) have been given an average rating of “Buy” by the ten research firms that are currently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $36.00.

Several equities analysts recently commented on the stock. Zacks Investment Research upgraded shares of Continental Building Products from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research note on Friday. SunTrust Banks upped their target price on shares of Continental Building Products to $37.00 and gave the company a “positive” rating in a research note on Wednesday. Exane BNP Paribas assumed coverage on shares of Continental Building Products in a research note on Wednesday, October 9th. They set an “outperform” rating for the company. ValuEngine upgraded shares of Continental Building Products from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. Finally, Barclays cut shares of Continental Building Products to a “hold” rating and set a $37.00 target price for the company. in a research note on Wednesday.

Large investors have recently added to or reduced their stakes in the stock. First Mercantile Trust Co. raised its stake in shares of Continental Building Products by 8.1% in the 3rd quarter. First Mercantile Trust Co. now owns 4,583 shares of the construction company’s stock valued at $125,000 after buying an additional 343 shares in the last quarter. Dupont Capital Management Corp raised its stake in shares of Continental Building Products by 10.5% in the 3rd quarter. Dupont Capital Management Corp now owns 14,797 shares of the construction company’s stock valued at $404,000 after buying an additional 1,403 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Continental Building Products in the 2nd quarter valued at $49,000. AMI Investment Management Inc. raised its stake in shares of Continental Building Products by 3.5% in the 3rd quarter. AMI Investment Management Inc. now owns 54,809 shares of the construction company’s stock valued at $1,496,000 after buying an additional 1,850 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Continental Building Products by 4.4% in the 2nd quarter. AQR Capital Management LLC now owns 48,689 shares of the construction company’s stock valued at $1,294,000 after buying an additional 2,061 shares in the last quarter. Hedge funds and other institutional investors own 98.66% of the company’s stock.

Shares of Continental Building Products stock traded up $0.18 on Monday, reaching $36.44. The stock had a trading volume of 1,360,734 shares, compared to its average volume of 935,424. The stock has a market cap of $1.25 billion, a P/E ratio of 18.04, a price-to-earnings-growth ratio of 4.31 and a beta of 1.32. Continental Building Products has a fifty-two week low of $21.35 and a fifty-two week high of $36.50. The business’s 50-day moving average price is $29.22 and its two-hundred day moving average price is $26.06. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.65 and a current ratio of 4.56.

Continental Building Products (NYSE:CBPX) last released its earnings results on Tuesday, November 12th. The construction company reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.01. The firm had revenue of $127.40 million during the quarter, compared to analysts’ expectations of $127.16 million. Continental Building Products had a net margin of 12.12% and a return on equity of 18.84%. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.51 EPS. As a group, equities analysts forecast that Continental Building Products will post 1.66 earnings per share for the current fiscal year.

Continental Building Products Company Profile

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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