Continental Building Products (NYSE:CBPX) had its price objective boosted by SunTrust Banks to $37.00 in a research note issued to investors on Wednesday morning, The Fly reports. SunTrust Banks currently has a positive rating on the construction company’s stock. SunTrust Banks also issued estimates for Continental Building Products’ FY2019 earnings at $1.63 EPS, Q2 2020 earnings at $0.50 EPS and FY2020 earnings at $1.98 EPS.
A number of other equities analysts also recently commented on the company. BNP Paribas started coverage on Continental Building Products in a research report on Wednesday, October 9th. They set an outperform rating on the stock. Exane BNP Paribas started coverage on Continental Building Products in a research report on Wednesday, October 9th. They set an outperform rating on the stock. Zacks Investment Research upgraded Continental Building Products from a sell rating to a hold rating in a research report on Friday, October 11th. Royal Bank of Canada lifted their price objective on Continental Building Products to $37.00 and gave the stock a sector perform rating in a research report on Wednesday. Finally, ValuEngine upgraded Continental Building Products from a hold rating to a buy rating in a research report on Friday, November 8th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has a consensus rating of Buy and an average target price of $36.00.
Shares of NYSE CBPX traded up $0.18 during midday trading on Wednesday, hitting $36.44. The stock had a trading volume of 1,360,734 shares, compared to its average volume of 935,424. Continental Building Products has a 1 year low of $21.35 and a 1 year high of $36.50. The company has a market capitalization of $1.25 billion, a PE ratio of 18.04, a P/E/G ratio of 4.31 and a beta of 1.32. The company has a quick ratio of 3.65, a current ratio of 4.56 and a debt-to-equity ratio of 0.75. The stock has a 50 day simple moving average of $29.22 and a 200-day simple moving average of $26.06.
Continental Building Products (NYSE:CBPX) last announced its quarterly earnings data on Tuesday, November 12th. The construction company reported $0.39 EPS for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.01. Continental Building Products had a return on equity of 18.84% and a net margin of 12.12%. The firm had revenue of $127.40 million for the quarter, compared to the consensus estimate of $127.16 million. During the same quarter last year, the business posted $0.51 earnings per share. The firm’s revenue was down 2.9% compared to the same quarter last year. As a group, analysts expect that Continental Building Products will post 1.66 earnings per share for the current fiscal year.
Hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. acquired a new stake in Continental Building Products during the second quarter worth $49,000. Aperio Group LLC acquired a new stake in Continental Building Products during the second quarter worth $76,000. Tower Research Capital LLC TRC acquired a new stake in Continental Building Products during the third quarter worth $123,000. First Mercantile Trust Co. increased its stake in Continental Building Products by 8.1% during the third quarter. First Mercantile Trust Co. now owns 4,583 shares of the construction company’s stock worth $125,000 after acquiring an additional 343 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System acquired a new stake in Continental Building Products during the second quarter worth $206,000. 98.66% of the stock is owned by institutional investors.
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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