Barclays upgraded shares of Continental Building Products (NYSE:CBPX) from an equal weight rating to an overweight rating in a research note released on Friday, January 5th, Marketbeat Ratings reports. The firm currently has $33.00 target price on the construction company’s stock, up from their prior target price of $27.00.
Other analysts have also issued research reports about the company. Royal Bank of Canada reissued a buy rating and set a $30.00 price objective on shares of Continental Building Products in a research note on Wednesday, November 15th. BidaskClub upgraded Continental Building Products from a hold rating to a buy rating in a report on Friday, November 3rd. SunTrust Banks restated a buy rating and set a $30.00 target price on shares of Continental Building Products in a report on Monday, October 2nd. Jefferies Group began coverage on Continental Building Products in a report on Tuesday, December 12th. They set a hold rating and a $28.00 target price for the company. Finally, Zacks Investment Research upgraded Continental Building Products from a sell rating to a hold rating in a report on Thursday, November 16th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Continental Building Products currently has an average rating of Buy and an average price target of $29.40.
Shares of Continental Building Products (CBPX) traded down $0.53 during midday trading on Friday, hitting $29.05. The stock had a trading volume of 137,803 shares, compared to its average volume of 220,665. The stock has a market capitalization of $1,100.00, a price-to-earnings ratio of 23.62 and a beta of 1.28. The company has a quick ratio of 2.46, a current ratio of 3.11 and a debt-to-equity ratio of 0.88. Continental Building Products has a 52 week low of $21.00 and a 52 week high of $31.00.
Continental Building Products (NYSE:CBPX) last issued its earnings results on Thursday, November 9th. The construction company reported $0.29 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.29. The business had revenue of $116.50 million during the quarter, compared to analyst estimates of $121.08 million. Continental Building Products had a return on equity of 15.80% and a net margin of 10.13%. Continental Building Products’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.25 earnings per share. analysts anticipate that Continental Building Products will post 1.24 EPS for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Arbitrage SA increased its holdings in shares of Continental Building Products by 128.9% during the second quarter. BNP Paribas Arbitrage SA now owns 5,645 shares of the construction company’s stock valued at $132,000 after acquiring an additional 3,179 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Continental Building Products by 9.5% during the second quarter. Legal & General Group Plc now owns 9,279 shares of the construction company’s stock valued at $216,000 after acquiring an additional 802 shares in the last quarter. Pacad Investment Ltd. increased its holdings in shares of Continental Building Products by 57.4% during the second quarter. Pacad Investment Ltd. now owns 9,600 shares of the construction company’s stock valued at $224,000 after acquiring an additional 3,500 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Continental Building Products by 11.2% during the second quarter. Principal Financial Group Inc. now owns 10,037 shares of the construction company’s stock valued at $234,000 after acquiring an additional 1,013 shares in the last quarter. Finally, Citadel Advisors LLC bought a new position in shares of Continental Building Products during the third quarter valued at $235,000. Institutional investors and hedge funds own 99.56% of the company’s stock.
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About Continental Building Products
Continental Building Products, Inc is a manufacturer of gypsum wallboard and complementary finishing products. The Company operates through wallboard segment. Gypsum wallboard is a primary building material used in residential and commercial construction and in repair and remodel (R&R). It offers customers a range of gypsum wallboard products, including LiftLite, its lightweight product designed to lift and install; its Mold Defense line of products designed for protection against mold and mildew, and its Weather Defense line of moisture and mold-resistant exterior sheathing.
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