CRH (NYSE:CRH) Price Target Increased to $110.00 by Analysts at DA Davidson

CRH (NYSE:CRH) had its target price upped by stock analysts at DA Davidson from $100.00 to $110.00 in a report issued on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. DA Davidson’s price target would suggest a potential upside of 33.54% from the stock’s previous close.

Several other equities analysts also recently commented on the stock. Stephens initiated coverage on shares of CRH in a report on Tuesday, June 18th. They issued an “overweight” rating and a $95.00 price objective on the stock. Royal Bank of Canada initiated coverage on shares of CRH in a research report on Tuesday, May 14th. They set an “outperform” rating and a $110.00 price objective for the company. Stifel Nicolaus reissued a “hold” rating and set a $82.00 price target (up from $80.00) on shares of CRH in a report on Monday, April 15th. StockNews.com downgraded CRH from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Finally, Truist Financial increased their price objective on CRH from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.70.

CRH Stock Up 1.0 %

Shares of CRH stock traded up $0.83 during trading on Friday, reaching $82.37. The company’s stock had a trading volume of 3,948,524 shares, compared to its average volume of 5,365,804. The company has a market cap of $56.56 billion, a price-to-earnings ratio of 13.87, a price-to-earnings-growth ratio of 1.34 and a beta of 1.30. CRH has a one year low of $51.59 and a one year high of $88.00. The business has a fifty day moving average price of $78.12 and a 200-day moving average price of $79.40.

CRH (NYSE:CRH) last issued its earnings results on Thursday, August 8th. The construction company reported $1.85 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.85. The firm had revenue of $9.65 billion for the quarter, compared to analyst estimates of $10.16 billion. Research analysts anticipate that CRH will post 5.39 EPS for the current year.

Hedge Funds Weigh In On CRH

Several hedge funds and other institutional investors have recently modified their holdings of CRH. GHP Investment Advisors Inc. increased its position in CRH by 336.4% during the 2nd quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company’s stock worth $25,000 after purchasing an additional 259 shares in the last quarter. First Financial Corp IN bought a new position in shares of CRH in the 1st quarter valued at $26,000. Orion Capital Management LLC boosted its holdings in shares of CRH by 100.0% during the 4th quarter. Orion Capital Management LLC now owns 400 shares of the construction company’s stock valued at $28,000 after acquiring an additional 200 shares in the last quarter. NBC Securities Inc. grew its position in CRH by 71.5% during the 1st quarter. NBC Securities Inc. now owns 415 shares of the construction company’s stock worth $35,000 after acquiring an additional 173 shares during the last quarter. Finally, GAMMA Investing LLC acquired a new position in CRH in the 4th quarter worth about $37,000. Institutional investors own 62.50% of the company’s stock.

CRH Company Profile

CRH plc, together with its subsidiaries, provides building materials solutions in Ireland and internationally. It operates through four segments: Americas Materials Solutions, Americas Building Solutions, Europe Materials Solutions, and Europe Building Solutions. The company provides solutions for the construction and maintenance of public infrastructure and commercial and residential buildings; and produces and sells aggregates, cement, readymixed concrete, and asphalt, as well as provides paving and construction services.