Continental Building Products, Inc. (CBPX) PT Raised to $27.00 at Barclays PLC

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.

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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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