Continental Building Products, Inc. (NYSE:CBPX) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Friday.
Several other research analysts have also commented on CBPX. Zacks Investment Research upgraded Continental Building Products from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Monday, August 7th. SunTrust Banks, Inc. restated a “buy” rating and set a $30.00 price target on shares of Continental Building Products in a research report on Monday, October 2nd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $27.25.
Continental Building Products (CBPX) opened at $26.50 on Friday. Continental Building Products has a 52-week low of $18.35 and a 52-week high of $27.10. The company has a market capitalization of $1,018.16, a price-to-earnings ratio of 22.08 and a beta of 1.28. The company has a debt-to-equity ratio of 0.86, a quick ratio of 2.59 and a current ratio of 3.30.
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Hedge funds and other institutional investors have recently made changes to their positions in the company. Bessemer Group Inc. acquired a new stake in shares of Continental Building Products in the second quarter valued at $100,000. BNP Paribas Arbitrage SA raised its stake in Continental Building Products by 128.9% in the second quarter. BNP Paribas Arbitrage SA now owns 5,645 shares of the construction company’s stock valued at $132,000 after buying an additional 3,179 shares in the last quarter. First Mercantile Trust Co. raised its stake in Continental Building Products by 1.8% in the second quarter. First Mercantile Trust Co. now owns 6,230 shares of the construction company’s stock valued at $145,000 after buying an additional 110 shares in the last quarter. Principal Financial Group Inc. acquired a new stake in Continental Building Products in the first quarter valued at $221,000. Finally, KCG Holdings Inc. acquired a new stake in Continental Building Products in the first quarter valued at $223,000. Institutional investors and hedge funds own 99.06% of the company’s stock.
About Continental Building Products
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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