Continental Building Products (NYSE:CBPX) Downgraded by SunTrust Banks to “Hold”

SunTrust Banks downgraded shares of Continental Building Products (NYSE:CBPX) from a buy rating to a hold rating in a research note released on Monday, January 8th, Marketbeat Ratings reports.

Several other equities analysts also recently commented on CBPX. BidaskClub raised Continental Building Products from a hold rating to a buy rating in a research report on Friday, November 3rd. Barclays upped their target price on Continental Building Products from $25.00 to $27.00 and gave the company an equal weight rating in a research report on Friday, November 10th. Royal Bank of Canada reaffirmed a buy rating and issued a $30.00 target price on shares of Continental Building Products in a research report on Wednesday, November 15th. Zacks Investment Research raised Continental Building Products from a sell rating to a hold rating in a research report on Thursday, November 16th. Finally, Jefferies Group started coverage on Continental Building Products in a research report on Tuesday, December 12th. They issued a hold rating and a $28.00 target price on the stock. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Continental Building Products has a consensus rating of Hold and a consensus price target of $26.42.

Shares of Continental Building Products (CBPX) traded down $0.80 during midday trading on Monday, reaching $27.30. The company’s stock had a trading volume of 256,308 shares, compared to its average volume of 215,905. The firm has a market capitalization of $1,059.79, a P/E ratio of 22.20 and a beta of 1.20. The company has a current ratio of 3.11, a quick ratio of 2.46 and a debt-to-equity ratio of 0.88. Continental Building Products has a 1 year low of $21.00 and a 1 year high of $31.00.

Continental Building Products (NYSE:CBPX) last announced its quarterly earnings results on Thursday, November 9th. The construction company reported $0.29 earnings per share for the quarter, hitting analysts’ consensus estimates 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 the consensus estimate of $121.08 million. During the same quarter in the previous year, the business earned $0.25 earnings per share. The business’s revenue was up 1.7% compared to the same quarter last year. equities analysts forecast that Continental Building Products will post 1.24 EPS for the current fiscal year.

A number of large investors have recently modified their holdings of CBPX. Russell Investments Group Ltd. grew its position in Continental Building Products by 324.0% during the second quarter. Russell Investments Group Ltd. now owns 23,601 shares of the construction company’s stock worth $549,000 after buying an additional 18,035 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in Continental Building Products by 20.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 213,992 shares of the construction company’s stock worth $4,987,000 after buying an additional 36,936 shares in the last quarter. First Trust Advisors LP grew its position in Continental Building Products by 53.7% during the second quarter. First Trust Advisors LP now owns 75,275 shares of the construction company’s stock worth $1,754,000 after buying an additional 26,303 shares in the last quarter. Rhumbline Advisers grew its position in Continental Building Products by 9.9% during the second quarter. Rhumbline Advisers now owns 42,470 shares of the construction company’s stock worth $990,000 after buying an additional 3,839 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Continental Building Products by 2.5% during the second quarter. Bank of New York Mellon Corp now owns 184,359 shares of the construction company’s stock worth $4,296,000 after buying an additional 4,493 shares in the last quarter. 99.50% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Continental Building Products (NYSE:CBPX)

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