Continental Building Products Inc. (CBPX) Decreased by the The Zacks Investment Research

Continental Building Products Inc. (CBPX) Decreased by the The Zacks Investment Research

Zacks Investment Research cut shares of Continental Building Products Inc. (NYSE:CBPX) from a hold rating to a sell rating in a research note released on Wednesday.

According to Zacks, “Continental Building Products, Inc. is a manufacturer of gypsum wallboard, joint compound and complementary finishing products. It serves the residential, commercial and repair and remodel construction markets primarily in the eastern United States and eastern Canada. The company sells its products under the LiftLite, Mold Defense and Weather Defense names. Continental Building Products, Inc. is headquartered in Silver Grove, Quebec. “

Several other equities research analysts also recently commented on the company. Deutsche Bank AG boosted their target price on Continental Building Products from $21.00 to $22.00 and gave the stock a hold rating in a report on Tuesday, August 9th. Credit Suisse Group AG reissued a buy rating on shares of Continental Building Products in a report on Monday, August 8th. TheStreet downgraded Continental Building Products from a buy rating to a hold rating in a report on Monday, August 8th. Finally, Citigroup Inc. boosted their target price on Continental Building Products from $23.00 to $25.00 and gave the stock a neutral rating in a report on Thursday, August 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $23.13.

Continental Building Products (NYSE:CBPX) opened at 21.10 on Wednesday. The stock’s 50 day moving average price is $20.55 and its 200 day moving average price is $21.72. Continental Building Products has a 1-year low of $13.25 and a 1-year high of $24.78. The company has a market cap of $843.83 million, a P/E ratio of 20.65 and a beta of 1.26.

Continental Building Products (NYSE:CBPX) last released its earnings results on Monday, November 7th. The company reported $0.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by $0.04. Continental Building Products had a return on equity of 15.21% and a net margin of 9.27%. The company earned $114.56 million during the quarter, compared to the consensus estimate of $114.44 million. During the same period last year, the firm posted $0.25 earnings per share. The company’s revenue was up 5.9% compared to the same quarter last year. On average, equities analysts anticipate that Continental Building Products will post $1.15 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the stock. Quantbot Technologies LP boosted its stake in Continental Building Products by 10.5% in the third quarter. Quantbot Technologies LP now owns 4,854 shares of the company’s stock worth $101,000 after buying an additional 463 shares during the period. Acrospire Investment Management LLC boosted its stake in Continental Building Products by 47.3% in the second quarter. Acrospire Investment Management LLC now owns 4,986 shares of the company’s stock worth $111,000 after buying an additional 1,600 shares during the period. Legal & General Group Plc boosted its stake in Continental Building Products by 5.5% in the second quarter. Legal & General Group Plc now owns 5,176 shares of the company’s stock worth $112,000 after buying an additional 268 shares during the period. Fifth Third Bancorp purchased a new stake in Continental Building Products during the second quarter worth approximately $127,000. Finally, Teacher Retirement System of Texas boosted its stake in Continental Building Products by 30.3% in the second quarter. Teacher Retirement System of Texas now owns 5,720 shares of the company’s stock worth $127,000 after buying an additional 1,329 shares during the period.

Continental Building Products Company Profile

Continental Building Products, Inc is a manufacturer of gypsum wallboard and complementary finishing products. The Company’s segment is wallboard. The Company’s manufacturing facilities and sales efforts are concentrated in the eastern United States and eastern Canada. Gypsum wallboard is a primary building material used in new residential and commercial construction and in repair and remodel (R&R).

Related posts

Leave a Comment