CRH (NYSE:CRH) Stock Price Expected to Rise, Truist Financial Analyst Says

CRH (NYSE:CRH) had its price target increased by analysts at Truist Financial from $110.00 to $120.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. Truist Financial’s price objective points to a potential upside of 19.49% from the stock’s previous close.

CRH has been the subject of several other reports. StockNews.com lowered shares of CRH from a “buy” rating to a “hold” rating in a research report on Friday, August 16th. Barclays began coverage on shares of CRH in a research report on Tuesday, October 29th. They set an “overweight” rating and a $110.00 price target for the company. DA Davidson upped their price target on shares of CRH from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Finally, Citigroup dropped their target price on shares of CRH from $109.00 to $99.00 and set a “buy” rating for the company in a report on Thursday, July 11th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $101.90.

CRH Price Performance

CRH opened at $100.43 on Friday. The business’s fifty day simple moving average is $91.00 and its 200 day simple moving average is $83.83. CRH has a 52 week low of $58.12 and a 52 week high of $102.45.

CRH (NYSE:CRH) last posted its quarterly earnings results on Thursday, August 8th. The construction company reported $1.85 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.85. The business had revenue of $9.65 billion for the quarter, compared to analysts’ expectations of $10.16 billion. As a group, analysts expect that CRH will post 5.45 EPS for the current fiscal year.

Institutional Trading of CRH

Several institutional investors and hedge funds have recently bought and sold shares of CRH. Dupont Capital Management Corp purchased a new position in shares of CRH during the 1st quarter worth approximately $13,492,000. Norden Group LLC bought a new position in CRH in the first quarter worth $311,000. Private Advisor Group LLC raised its holdings in CRH by 8.9% in the first quarter. Private Advisor Group LLC now owns 5,662 shares of the construction company’s stock worth $488,000 after purchasing an additional 463 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in CRH by 211.8% in the first quarter. Janney Montgomery Scott LLC now owns 38,683 shares of the construction company’s stock worth $3,337,000 after purchasing an additional 26,276 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its holdings in CRH by 41.2% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 25,409 shares of the construction company’s stock worth $2,192,000 after purchasing an additional 7,414 shares in the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

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.