Shares of Continental Building Products Inc (NYSE:CBPX) have received a consensus rating of “Buy” from the seven ratings firms that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $26.70.
A number of research analysts have recently weighed in on CBPX shares. Zacks Investment Research lowered Continental Building Products from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Jefferies Group started coverage on Continental Building Products in a research report on Tuesday, December 12th. They set a “hold” rating and a $28.00 price objective for the company. BidaskClub upgraded Continental Building Products from a “hold” rating to a “buy” rating in a research report on Friday, November 3rd. Barclays raised their price objective 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. Finally, Citigroup lowered their price target on shares of Continental Building Products from $13.00 to $11.50 and set a “neutral” rating for the company in a report on Thursday, January 25th.
Continental Building Products (CBPX) opened at $27.45 on Friday. The firm has a market capitalization of $1,018.30, a PE ratio of 17.60 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 12-month low of $21.00 and a 12-month high of $31.00.
Continental Building Products (NYSE:CBPX) last issued its quarterly earnings data on Thursday, February 22nd. The construction company reported $0.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.08. The firm had revenue of $131.39 million during the quarter, compared to analyst estimates of $125.40 million. Continental Building Products had a return on equity of 16.72% and a net margin of 12.23%. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.32 earnings per share. sell-side analysts forecast that Continental Building Products will post 1.59 EPS for the current year.
Continental Building Products declared that its Board of Directors has approved a share buyback plan on Thursday, February 22nd that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the construction company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its shares are undervalued.
Several large investors have recently made changes to their positions in the stock. California State Teachers Retirement System lifted its stake in Continental Building Products by 0.9% in the second quarter. California State Teachers Retirement System now owns 70,036 shares of the construction company’s stock worth $1,632,000 after purchasing an additional 654 shares during the last quarter. California Public Employees Retirement System lifted its stake in Continental Building Products by 4.5% in the second quarter. California Public Employees Retirement System now owns 30,000 shares of the construction company’s stock worth $699,000 after purchasing an additional 1,300 shares during the last quarter. American International Group Inc. lifted its stake in Continental Building Products by 8.1% in the third quarter. American International Group Inc. now owns 26,498 shares of the construction company’s stock worth $689,000 after purchasing an additional 1,981 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its stake in Continental Building Products by 154.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,983 shares of the construction company’s stock worth $112,000 after purchasing an additional 2,417 shares during the last quarter. Finally, Parametric Portfolio Associates LLC lifted its stake in Continental Building Products by 8.2% in the second quarter. Parametric Portfolio Associates LLC now owns 42,328 shares of the construction company’s stock worth $986,000 after purchasing an additional 3,197 shares during the last quarter. 99.78% of the stock is owned by hedge funds and other institutional investors.
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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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