Continental Building Products Price Target Cut to $19.00 by Analysts at RBC Capital (CBPX)
Research analysts at RBC Capital lowered their price objective on shares of Continental Building Products (NASDAQ:CBPX) from $22.00 to $19.00 in a report released on Tuesday, Analyst Ratings Network reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s target price suggests a potential upside of 15.78% from the company’s current price.
A number of other firms have also recently commented on CBPX. Analysts at Barclays initiated coverage on shares of Continental Building Products in a research note on Monday, March 3rd. They set an “overweight” rating on the stock. Separately, analysts at BB&T Corp. initiated coverage on shares of Continental Building Products in a research note on Monday, March 3rd. They set a “buy” rating and a $22.00 price target on the stock. Finally, analysts at SunTrust initiated coverage on shares of Continental Building Products in a research note on Monday, March 3rd. They set a “buy” rating on the stock. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $21.75.
Shares of Continental Building Products (NASDAQ:CBPX) opened at 16.41 on Tuesday. Continental Building Products has a 52-week low of $14.00 and a 52-week high of $20.51. The stock’s 50-day moving average is $17.70 and its 200-day moving average is $18.08. The company has a market cap of $723.2 million and a price-to-earnings ratio of 246.77.
Continental Building Products (NASDAQ:CBPX) last released its earnings data on Monday, May 12th. The company reported ($0.02) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.18) by $0.16. The company had revenue of $87.00 million for the quarter, compared to the consensus estimate of $86.48 million. Continental Building Products’s revenue was up 4.2% compared to the same quarter last year. Analysts expect that Continental Building Products will post $0.70 EPS for the current fiscal year.
Continental Building Products Inc is a manufacturer of gypsum wallboard and complementary finishing products.
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