Wells Fargo & Company Issues Pessimistic Forecast for CRH (NYSE:CRH) Stock Price

CRH (NYSE:CRH) had its price objective decreased by investment analysts at Wells Fargo & Company from $135.00 to $132.00 in a research report issued on Wednesday,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 27.90% from the company’s current price.

Several other brokerages have also recently issued reports on CRH. Sanford C. Bernstein restated an “outperform” rating on shares of CRH in a research report on Tuesday, June 23rd. Weiss Ratings cut shares of CRH from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 18th. Jefferies Financial Group raised their target price on CRH from $149.00 to $165.60 and gave the stock a “buy” rating in a research report on Friday, June 26th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $139.00 target price on shares of CRH in a report on Wednesday, April 15th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, CRH presently has an average rating of “Buy” and a consensus target price of $141.19.

CRH Trading Down 2.8%

CRH stock opened at $103.20 on Wednesday. The company has a market capitalization of $68.96 billion, a PE ratio of 19.04, a P/E/G ratio of 1.87 and a beta of 1.32. CRH has a 12 month low of $91.22 and a 12 month high of $131.55. The stock has a 50-day moving average price of $108.06 and a two-hundred day moving average price of $114.46.

CRH (NYSE:CRH) last released its quarterly earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.22) by $0.02. The company had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.07 billion. CRH had a return on equity of 15.37% and a net margin of 9.65%.CRH’s revenue for the quarter was up 9.1% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. As a group, analysts predict that CRH will post 5.92 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Board of the Pension Protection Fund acquired a new position in shares of CRH during the fourth quarter worth approximately $25,000. Harbor Investment Advisory LLC increased its stake in CRH by 87.6% during the 4th quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock valued at $26,000 after purchasing an additional 99 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new position in CRH during the fourth quarter worth $26,000. Riggs Asset Managment Co. Inc. lifted its stake in shares of CRH by 1,835.3% in the second quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock valued at $30,000 after buying an additional 312 shares in the last quarter. Finally, Bell Investment Advisors Inc grew its holdings in shares of CRH by 51.2% during the first quarter. Bell Investment Advisors Inc now owns 304 shares of the construction company’s stock valued at $32,000 after buying an additional 103 shares during the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

About CRH

CRH plc, originally formed as Cement Roadstone Holdings in 1970 and headquartered in Dublin, Ireland, is a global building materials group. The company has grown from its Irish roots into one of the largest international suppliers of construction materials, expanding primarily through acquisitions and regional business development. CRH operates an integrated network of manufacturing and distribution businesses that serve both public and private construction markets.

CRH’s core activities include the production and distribution of aggregates, cement, asphalt, ready-mixed concrete and other bulk materials, together with a broad range of value-added building products such as precast concrete, masonry, bricks, roofing products, pipe and drainage systems, and construction accessories.