Brokerages Set Continental Building Products Inc (NYSE:CBPX) Price Target at $30.75

Shares of Continental Building Products Inc (NYSE:CBPX) have been given a consensus rating of “Hold” by the ten brokerages that are presently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $30.75.

A number of research analysts have recently weighed in on CBPX shares. Zacks Investment Research raised Continental Building Products from a “sell” rating to a “hold” rating in a research note on Friday, October 11th. Exane BNP Paribas started coverage on Continental Building Products in a research note on Wednesday, October 9th. They issued an “outperform” rating on the stock. ValuEngine raised Continental Building Products from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Finally, BNP Paribas started coverage on Continental Building Products in a research note on Wednesday, October 9th. They set an “outperform” rating on the stock.

Shares of CBPX stock traded down $0.05 during trading hours on Thursday, reaching $28.60. The company had a trading volume of 204,421 shares, compared to its average volume of 271,349. The company has a 50 day moving average of $26.70 and a 200 day moving average of $25.34. The company has a debt-to-equity ratio of 0.78, a current ratio of 4.43 and a quick ratio of 3.65. The firm has a market cap of $993.82 million, a price-to-earnings ratio of 14.16, a P/E/G ratio of 3.46 and a beta of 1.30. Continental Building Products has a 1-year low of $21.35 and a 1-year high of $31.22.

Continental Building Products (NYSE:CBPX) last posted its quarterly earnings results on Thursday, August 1st. The construction company reported $0.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.04). The company had revenue of $124.21 million during the quarter, compared to analyst estimates of $131.04 million. Continental Building Products had a net margin of 13.02% and a return on equity of 20.38%. The business’s revenue for the quarter was down 10.8% compared to the same quarter last year. During the same period last year, the company earned $0.59 EPS. As a group, sell-side analysts forecast that Continental Building Products will post 1.66 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of the stock. Macquarie Group Ltd. raised its stake in Continental Building Products by 6.5% during the 2nd quarter. Macquarie Group Ltd. now owns 2,679,632 shares of the construction company’s stock worth $71,198,000 after buying an additional 163,909 shares during the period. Systematic Financial Management LP increased its holdings in Continental Building Products by 0.3% during the 2nd quarter. Systematic Financial Management LP now owns 1,073,386 shares of the construction company’s stock worth $28,520,000 after purchasing an additional 3,456 shares in the last quarter. William Blair Investment Management LLC increased its holdings in Continental Building Products by 31.5% during the 2nd quarter. William Blair Investment Management LLC now owns 656,423 shares of the construction company’s stock worth $17,441,000 after purchasing an additional 157,311 shares in the last quarter. Brown Advisory Inc. bought a new position in Continental Building Products during the 2nd quarter worth about $14,015,000. Finally, Clearbridge Investments LLC increased its holdings in Continental Building Products by 3.4% during the 1st quarter. Clearbridge Investments LLC now owns 474,623 shares of the construction company’s stock worth $11,766,000 after purchasing an additional 15,630 shares in the last quarter. 98.58% of the stock is currently owned by institutional investors and hedge funds.

Continental Building Products Company Profile

Continental Building Products, Inc manufactures and sells gypsum wallboard and complementary finishing products in the eastern United States and eastern Canada. The company sells its products to gypsum wallboard distributors, buying groups, wholesalers, and mass merchants in the new residential, repair and remodel, and commercial construction markets under the LiftLite, Mold Defense, and Weather Defense brand names.

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Analyst Recommendations for Continental Building Products (NYSE:CBPX)

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