Continental Building Products Sets New 1-Year Low at $14.00 (CBPX)
Continental Building Products (NASDAQ:CBPX) shares reached a new 52-week low during trading on Wednesday , ARN reports. The stock traded as low as $14.00 and last traded at $14.03, with a volume of 53,310 shares. The stock had previously closed at $14.36.
A number of analysts have recently weighed in on CBPX shares. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Continental Building Products in a research note on Wednesday, May 14th. They now have a $22.00 price target on the stock, down previously from $25.00. Separately, analysts at RBC Capital cut their price target on shares of Continental Building Products from $22.00 to $19.00 in a research note on Tuesday, May 13th. They now have an “outperform” rating on the stock. Finally, analysts at RBC Capital cut their price target on shares of Continental Building Products from $24.00 to $22.00 in a research note on Friday, March 28th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $21.00.
The stock has a 50-day moving average of $15.4 and a 200-day moving average of $17.23. The company’s market cap is $619.2 million.
Continental Building Products (NASDAQ:CBPX) last released its earnings data on Monday, May 12th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the 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. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, analysts predict that Continental Building Products will post $0.71 earnings per share for the current fiscal year.
Continental Building Products Inc is a manufacturer of gypsum wallboard and complementary finishing products.
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