Wells Fargo & Company Cuts CRH (NYSE:CRH) Price Target to $133.00

CRH (NYSE:CRH) had its price target decreased by investment analysts at Wells Fargo & Company from $135.00 to $133.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the construction company’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 17.69% from the company’s current price.

Other analysts also recently issued research reports about the stock. Morgan Stanley set a $134.00 target price on shares of CRH in a research report on Thursday, October 9th. Sanford C. Bernstein lifted their price objective on shares of CRH from $115.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, September 11th. JPMorgan Chase & Co. assumed coverage on CRH in a research note on Friday, October 24th. They issued an “overweight” rating for the company. Royal Bank Of Canada lifted their price target on CRH from $112.00 to $152.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. Finally, Weiss Ratings restated a “buy (b)” rating on shares of CRH in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $127.43.

CRH Stock Down 1.5%

Shares of NYSE CRH traded down $1.77 during midday trading on Friday, reaching $113.01. 2,244,196 shares of the company’s stock traded hands, compared to its average volume of 5,100,220. The company has a market cap of $76.02 billion, a price-to-earnings ratio of 23.64, a P/E/G ratio of 1.68 and a beta of 1.32. The stock’s 50 day simple moving average is $115.75 and its 200-day simple moving average is $103.40. CRH has a one year low of $76.75 and a one year high of $121.99.

CRH (NYSE:CRH) last posted its earnings results on Wednesday, November 5th. The construction company reported $2.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.27. The company had revenue of $11.07 billion during the quarter, compared to analyst estimates of $10.15 billion. CRH had a return on equity of 15.68% and a net margin of 9.09%.CRH’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.97 earnings per share. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. Equities analysts predict that CRH will post 5.47 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Syon Capital LLC increased its stake in shares of CRH by 10.2% in the 3rd quarter. Syon Capital LLC now owns 7,619 shares of the construction company’s stock valued at $914,000 after purchasing an additional 703 shares in the last quarter. Rothschild Investment LLC boosted its position in CRH by 39.6% during the third quarter. Rothschild Investment LLC now owns 642 shares of the construction company’s stock worth $77,000 after purchasing an additional 182 shares in the last quarter. Merit Financial Group LLC increased its holdings in CRH by 7.0% in the 3rd quarter. Merit Financial Group LLC now owns 32,717 shares of the construction company’s stock worth $3,923,000 after acquiring an additional 2,139 shares in the last quarter. Zions Bancorporation National Association UT increased its stake in CRH by 2.6% during the 3rd quarter. Zions Bancorporation National Association UT now owns 7,710 shares of the construction company’s stock worth $924,000 after buying an additional 198 shares in the last quarter. Finally, Smithfield Trust Co acquired a new stake in shares of CRH in the third quarter valued at about $138,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

About CRH

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.