Jefferies Group Equities Analysts Reduce Earnings Estimates for HeidelbergCement (HDELY)

HeidelbergCement (OTCMKTS:HDELY) – Research analysts at Jefferies Group lowered their FY2018 earnings per share (EPS) estimates for shares of HeidelbergCement in a note issued to investors on Thursday. Jefferies Group analyst J. Jordan now forecasts that the construction company will post earnings per share of $1.70 for the year, down from their prior forecast of $1.74. Jefferies Group also issued estimates for HeidelbergCement’s FY2019 earnings at $1.96 EPS.

Several other brokerages also recently commented on HDELY. Zacks Investment Research downgraded HeidelbergCement from a “hold” rating to a “sell” rating in a research note on Tuesday, November 28th. JPMorgan Chase & Co. raised HeidelbergCement from an “underweight” rating to a “neutral” rating in a research note on Wednesday, February 28th. Finally, Goldman Sachs started coverage on HeidelbergCement in a research note on Monday, March 12th. They set a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $23.00.

HeidelbergCement stock opened at $20.21 on Monday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.12 and a quick ratio of 0.80. The firm has a market capitalization of $20,049.98, a price-to-earnings ratio of 19.81, a PEG ratio of 1.66 and a beta of 1.21. HeidelbergCement has a 12 month low of $17.97 and a 12 month high of $23.06.

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About HeidelbergCement

HeidelbergCement AG produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide. Its cement products include special cements with targeted characteristics, special geotechnical building materials, and a range of binders. The company offers natural stone and crushed aggregates, including sand, gravel, stone chippings, and crushed stones; concrete/ready-mixed concrete that is used for the production of precast concrete parts, such as stairs, ceiling elements, or structural components, as well as for use in the construction of tunnels or bridges, office buildings, and schools; and asphalt, which is primarily used in the building of traffic infrastructure comprising roads, walkways, and parking lots.

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