Analysts Set Crh Plc (NYSE:CRH) Price Target at $124.31

Shares of Crh Plc (NYSE:CRH) have earned a consensus recommendation of “Buy” from the seventeen ratings firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and four have issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $127.2143.

CRH has been the topic of a number of analyst reports. Wells Fargo & Company raised shares of CRH to a “strong-buy” rating in a research note on Wednesday. Royal Bank Of Canada boosted their price target on shares of CRH from $112.00 to $152.00 and gave the company an “outperform” rating in a research report on Wednesday, October 1st. Bank of America began coverage on shares of CRH in a research report on Friday, September 26th. They issued a “buy” rating and a $128.00 price target on the stock. DA Davidson restated a “neutral” rating and issued a $105.00 price target (down from $120.00) on shares of CRH in a research report on Thursday, July 10th. Finally, UBS Group set a $152.00 price target on shares of CRH in a research report on Wednesday, October 1st.

Hedge Funds Weigh In On CRH

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. L2 Asset Management LLC grew its stake in shares of CRH by 3.0% during the second quarter. L2 Asset Management LLC now owns 3,028 shares of the construction company’s stock valued at $278,000 after purchasing an additional 89 shares during the last quarter. Mission Wealth Management LP grew its stake in shares of CRH by 1.1% during the second quarter. Mission Wealth Management LP now owns 9,548 shares of the construction company’s stock valued at $877,000 after purchasing an additional 107 shares during the last quarter. Sound View Wealth Advisors Group LLC grew its stake in shares of CRH by 3.7% during the second quarter. Sound View Wealth Advisors Group LLC now owns 2,982 shares of the construction company’s stock valued at $274,000 after purchasing an additional 107 shares during the last quarter. Park Place Capital Corp grew its stake in shares of CRH by 59.9% during the second quarter. Park Place Capital Corp now owns 307 shares of the construction company’s stock valued at $29,000 after purchasing an additional 115 shares during the last quarter. Finally, Diversify Advisory Services LLC grew its stake in shares of CRH by 5.0% during the first quarter. Diversify Advisory Services LLC now owns 2,572 shares of the construction company’s stock valued at $240,000 after purchasing an additional 123 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Stock Down 1.2%

NYSE CRH opened at $116.21 on Friday. The stock has a market cap of $78.17 billion, a P/E ratio of 24.31, a PEG ratio of 1.64 and a beta of 1.32. The company’s 50-day simple moving average is $112.47 and its 200 day simple moving average is $99.13. CRH has a twelve month low of $76.75 and a twelve month high of $121.88.

CRH (NYSE:CRH) last posted its earnings results on Wednesday, August 6th. The construction company reported $1.94 earnings per share for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.12). The business had revenue of $10.21 billion during the quarter, compared to the consensus estimate of $10.27 billion. CRH had a net margin of 9.09% and a return on equity of 15.68%. The business’s revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.88 EPS. Research analysts anticipate that CRH will post 5.47 earnings per share for the current year.

CRH Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Friday, August 22nd were given a $0.37 dividend. The ex-dividend date was Friday, August 22nd. This represents a $1.48 dividend on an annualized basis and a yield of 1.3%. CRH’s payout ratio is 23.22%.

CRH Company Profile

CRH plc, together with its subsidiaries, provides building materials solutions in Ireland and internationally. It operates through four segments: Americas Materials Solutions, Americas Building Solutions, Europe Materials Solutions, and Europe Building Solutions. The company provides solutions for the construction and maintenance of public infrastructure and commercial and residential buildings; and produces and sells aggregates, cement, readymixed concrete, and asphalt, as well as provides paving and construction services.