JPMorgan Chase & Co. Boosts CRH (NYSE:CRH) Price Target to $135.00

CRH (NYSE:CRH) had its target price increased by equities researchers at JPMorgan Chase & Co. from $130.00 to $135.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the construction company’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 18.97% from the stock’s current price.

CRH has been the subject of several other reports. Jefferies Financial Group upgraded CRH to a “strong-buy” rating in a research report on Monday, September 22nd. Vertical Research upgraded shares of CRH to a “strong-buy” rating in a research report on Friday, August 1st. Royal Bank Of Canada decreased their target price on shares of CRH from $152.00 to $150.00 and set an “outperform” rating on the stock in a research note on Friday. Weiss Ratings restated a “buy (b)” rating on shares of CRH in a research report on Wednesday, October 8th. Finally, UBS Group started coverage on CRH in a research note on Tuesday, October 14th. They set a “buy” rating and a $138.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $128.69.

CRH Trading Down 0.4%

NYSE CRH traded down $0.50 during midday trading on Tuesday, hitting $113.48. The company had a trading volume of 644,847 shares, compared to its average volume of 5,080,883. The firm has a 50-day moving average price of $115.78 and a 200-day moving average price of $104.00. The company has a market capitalization of $76.33 billion, a PE ratio of 23.70, a P/E/G ratio of 1.68 and a beta of 1.32. CRH has a twelve month low of $76.75 and a twelve month high of $121.99.

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

Hedge Funds Weigh In On CRH

Several institutional investors have recently made changes to their positions in the stock. Creekmur Asset Management LLC acquired a new stake in shares of CRH in the 2nd quarter valued at about $27,000. Park Place Capital Corp boosted its holdings in CRH by 59.9% in the second quarter. Park Place Capital Corp now owns 307 shares of the construction company’s stock worth $29,000 after acquiring an additional 115 shares in the last quarter. United Community Bank grew its stake in CRH by 359.6% in the third quarter. United Community Bank now owns 239 shares of the construction company’s stock valued at $29,000 after acquiring an additional 187 shares during the period. Riggs Asset Managment Co. Inc. increased its holdings in shares of CRH by 1,835.3% during the second quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock valued at $30,000 after acquiring an additional 312 shares in the last quarter. Finally, Cornerstone Planning Group LLC increased its holdings in shares of CRH by 139.3% during the third quarter. Cornerstone Planning Group LLC now owns 268 shares of the construction company’s stock valued at $31,000 after acquiring an additional 156 shares in the last quarter. Institutional investors and hedge funds 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.