Continental Building Products (NYSE:CBPX) Rating Increased to Hold at Zacks Investment Research

Continental Building Products (NYSE:CBPX) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Tuesday, January 9th.

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 research analysts also recently commented on the company. Jefferies Group initiated coverage on Continental Building Products in a research note on Tuesday, December 12th. They set a “hold” rating and a $28.00 target price for the company. Royal Bank of Canada reiterated a “buy” rating and set a $30.00 target price on shares of Continental Building Products in a research note on Wednesday, November 15th. Barclays lifted their target price on Continental Building Products from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Friday, November 10th. SunTrust Banks downgraded Continental Building Products from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Finally, BidaskClub upgraded Continental Building Products from a “hold” rating to a “buy” rating in a research note on Friday, November 3rd. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $26.42.

Continental Building Products (NYSE CBPX) opened at $28.45 on Tuesday. The firm has a market capitalization of $1,112.59, a P/E ratio of 23.79 and a beta of 1.28. Continental Building Products has a 1 year low of $21.00 and a 1 year high of $31.00. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.46 and a current ratio of 3.11.

Continental Building Products (NYSE:CBPX) last posted its quarterly earnings results on Thursday, November 9th. The construction company reported $0.29 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.29. Continental Building Products had a return on equity of 15.80% and a net margin of 10.13%. The firm had revenue of $116.50 million for the quarter, compared to analyst estimates of $121.08 million. During the same quarter in the previous year, the firm earned $0.25 EPS. The business’s quarterly revenue was up 1.7% on a year-over-year basis. sell-side analysts forecast that Continental Building Products will post 1.24 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Continental Building Products by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 4,224,374 shares of the construction company’s stock valued at $98,427,000 after purchasing an additional 81,728 shares during the period. Macquarie Group Ltd. boosted its stake in Continental Building Products by 9.4% in the 3rd quarter. Macquarie Group Ltd. now owns 2,097,989 shares of the construction company’s stock valued at $54,548,000 after purchasing an additional 180,218 shares during the period. Brown Advisory Inc. boosted its stake in Continental Building Products by 18.2% in the 3rd quarter. Brown Advisory Inc. now owns 1,720,709 shares of the construction company’s stock valued at $44,738,000 after purchasing an additional 265,383 shares during the period. Dimensional Fund Advisors LP boosted its stake in Continental Building Products by 4.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,512,239 shares of the construction company’s stock valued at $39,318,000 after purchasing an additional 66,397 shares during the period. Finally, Systematic Financial Management LP boosted its stake in Continental Building Products by 4.2% in the 3rd quarter. Systematic Financial Management LP now owns 941,380 shares of the construction company’s stock valued at $24,476,000 after purchasing an additional 38,259 shares during the period. Institutional investors and hedge funds own 99.50% 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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