Shares of Concrete Pumping Holdings Inc (NASDAQ:BBCP) have been assigned an average rating of “Buy” from the six analysts that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $7.08.
A number of research firms recently weighed in on BBCP. B. Riley restated a “buy” rating and issued a $7.00 price objective on shares of Concrete Pumping in a report on Friday, November 22nd. Zacks Investment Research downgraded Concrete Pumping from a “hold” rating to a “sell” rating in a report on Monday, December 2nd. Finally, ValuEngine raised Concrete Pumping from a “hold” rating to a “buy” rating in a report on Wednesday, September 4th.
A number of institutional investors have recently modified their holdings of BBCP. California State Teachers Retirement System lifted its stake in shares of Concrete Pumping by 46.5% in the 3rd quarter. California State Teachers Retirement System now owns 25,056 shares of the company’s stock valued at $99,000 after purchasing an additional 7,950 shares during the period. Rhumbline Advisers acquired a new stake in Concrete Pumping during the third quarter worth approximately $53,000. BB&T Securities LLC acquired a new stake in Concrete Pumping during the third quarter worth approximately $62,000. US Bancorp DE bought a new stake in Concrete Pumping in the second quarter worth approximately $114,000. Finally, Charles Schwab Investment Management Inc. bought a new stake in Concrete Pumping in the second quarter worth approximately $118,000. Hedge funds and other institutional investors own 26.39% of the company’s stock.
Shares of NASDAQ BBCP opened at $4.65 on Monday. The firm has a 50 day moving average price of $3.84 and a two-hundred day moving average price of $4.21. The stock has a market cap of $270.63 million, a P/E ratio of 1.88 and a beta of 0.78. Concrete Pumping has a 52-week low of $3.16 and a 52-week high of $15.25. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.60 and a current ratio of 0.65.
Concrete Pumping (NASDAQ:BBCP) last issued its quarterly earnings results on Monday, September 16th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). The firm had revenue of $78.66 million for the quarter. Analysts predict that Concrete Pumping will post -0.75 earnings per share for the current fiscal year.
Concrete Pumping Company Profile
Concrete Pumping Holdings, Inc provides concrete pumping and concrete waste management services. The company offers concrete pumping services under the Brundage-Bone brand and concrete waste management services under the Eco-Pan brand in the United States; and concrete pumping services under the Camfaud brand in the United Kingdom.
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