Continental Building Products, Inc. (NYSE:CBPX) had its price target hoisted by Barclays PLC from $25.00 to $27.00 in a research report sent to investors on Friday. The firm currently has an equal weight rating on the construction company’s stock.
A number of other equities analysts also recently issued reports on the stock. BidaskClub raised shares of Continental Building Products from a sell rating to a hold rating in a research note on Saturday, September 2nd. Zacks Investment Research downgraded shares of Continental Building Products from a buy rating to a hold rating in a research note on Tuesday, August 8th. Finally, SunTrust Banks, Inc. reissued a buy rating and issued a $30.00 price target on shares of Continental Building Products in a research note on Monday, October 2nd. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Continental Building Products presently has a consensus rating of Buy and a consensus target price of $27.75.
Shares of Continental Building Products (CBPX) opened at $26.85 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.46 and a current ratio of 3.11. The firm has a market cap of $1,003.22, a PE ratio of 21.45 and a beta of 1.28. Continental Building Products has a 1-year low of $21.00 and a 1-year high of $27.95.
Continental Building Products (NYSE:CBPX) last posted its earnings results on Thursday, November 9th. The construction company reported $0.29 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.29. Continental Building Products had a net margin of 10.13% and a return on equity of 15.80%. The company had revenue of $116.50 million during the quarter, compared to analyst estimates of $121.08 million. During the same period in the prior year, the business posted $0.25 earnings per share. Continental Building Products’s revenue for the quarter was up 1.7% on a year-over-year basis. research analysts predict that Continental Building Products will post 1.26 EPS for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Bessemer Group Inc. bought a new stake in shares of Continental Building Products during the second quarter valued at approximately $100,000. BNP Paribas Arbitrage SA increased its position in shares of Continental Building Products by 128.9% during the second quarter. BNP Paribas Arbitrage SA now owns 5,645 shares of the construction company’s stock valued at $132,000 after acquiring an additional 3,179 shares in the last quarter. First Mercantile Trust Co. increased its position in shares of Continental Building Products by 1.8% during the second quarter. First Mercantile Trust Co. now owns 6,230 shares of the construction company’s stock valued at $145,000 after acquiring an additional 110 shares in the last quarter. Legal & General Group Plc increased its position in shares of Continental Building Products by 9.5% during the second quarter. Legal & General Group Plc now owns 9,279 shares of the construction company’s stock valued at $216,000 after acquiring an additional 802 shares in the last quarter. Finally, Principal Financial Group Inc. bought a new stake in shares of Continental Building Products during the first quarter valued at approximately $221,000. 97.28% of the stock is owned by institutional investors.
Continental Building Products Company Profile
Continental Building Products, Inc is a manufacturer of gypsum wallboard and complementary finishing products. The Company operates through wallboard segment. Gypsum wallboard is a primary building material used in residential and commercial construction and in repair and remodel (R&R). It offers customers a range of gypsum wallboard products, including LiftLite, its lightweight product designed to lift and install; its Mold Defense line of products designed for protection against mold and mildew, and its Weather Defense line of moisture and mold-resistant exterior sheathing.
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