Concrete Pumping (NASDAQ:BBCP) Earns Buy Rating from Robert W. Baird

Robert W. Baird reiterated their buy rating on shares of Concrete Pumping (NASDAQ:BBCP) in a research report sent to investors on Sunday, PriceTargets.com reports. The brokerage currently has a $11.00 price objective on the stock.

A number of other brokerages have also recently issued reports on BBCP. Zacks Investment Research raised Concrete Pumping from a sell rating to a hold rating in a research note on Wednesday, August 18th. UBS Group raised Concrete Pumping from a neutral rating to a buy rating and raised their price objective for the company from $6.00 to $11.00 in a research note on Friday, June 25th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Concrete Pumping has an average rating of Buy and an average target price of $8.35.

BBCP opened at $8.21 on Friday. The stock has a market cap of $465.49 million, a PE ratio of -19.09 and a beta of 1.21. The company has a quick ratio of 1.62, a current ratio of 1.73 and a debt-to-equity ratio of 1.42. Concrete Pumping has a 52 week low of $3.14 and a 52 week high of $9.41. The business’s fifty day simple moving average is $8.42 and its 200 day simple moving average is $7.93.

Concrete Pumping (NASDAQ:BBCP) last released its earnings results on Tuesday, September 7th. The company reported $0.07 EPS for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.04). Concrete Pumping had a negative net margin of 6.76% and a positive return on equity of 1.17%. During the same period in the prior year, the firm posted $0.04 earnings per share. As a group, equities analysts anticipate that Concrete Pumping will post 0.41 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the company. UBS Group AG boosted its holdings in shares of Concrete Pumping by 122.2% during the first quarter. UBS Group AG now owns 5,768 shares of the company’s stock worth $43,000 after purchasing an additional 3,172 shares during the period. Penserra Capital Management LLC purchased a new stake in shares of Concrete Pumping during the second quarter worth about $60,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Concrete Pumping during the first quarter worth about $84,000. Occudo Quantitative Strategies LP purchased a new stake in shares of Concrete Pumping during the second quarter worth about $99,000. Finally, BNP Paribas Arbitrage SA boosted its holdings in shares of Concrete Pumping by 32.8% during the first quarter. BNP Paribas Arbitrage SA now owns 13,850 shares of the company’s stock worth $103,000 after purchasing an additional 3,419 shares during the period. Institutional investors own 31.28% of the company’s stock.

About Concrete Pumping

Concrete Pumping Holdings, Inc provides concrete pumping and waste management services in the United States and the United Kingdom. The company offers concrete pumping services to general contractors and concrete finishing companies in the commercial, infrastructure, and residential sectors under the Brundage-Bone and Camfaud brands; and industrial cleanup and containment services primarily to customers in the construction industry under the Eco-Pan brand.

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