Continental Building Products (CBPX) Announces Quarterly Results
Continental Building Products (NASDAQ:CBPX) posted its quarterly earnings results on Monday. The company reported $0.11 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.20 by $0.09, Analyst Ratings Network.com reports. The company had revenue of $102.90 million for the quarter, compared to the consensus estimate of $106.44 million.
CBPX has been the subject of a number of recent research reports. Analysts at RBC Capital downgraded shares of Continental Building Products from an “outperform” rating to a “sector perform” rating in a research note on Monday, July 14th. They now have a $17.00 price target on the stock, down previously from $19.00. On a related note, analysts at Barclays cut their price target on shares of Continental Building Products from $22.00 to $21.00 in a research note on Wednesday, July 2nd. They now have an “overweight” rating on the stock. Finally, 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. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Continental Building Products has an average rating of “Buy” and a consensus target price of $20.60.
Continental Building Products (NASDAQ:CBPX) traded up 0.69% during mid-day trading on Monday, hitting $14.66. 59,306 shares of the company’s stock traded hands. Continental Building Products has a 52-week low of $12.58 and a 52-week high of $20.51. The stock has a 50-day moving average of $14.32 and a 200-day moving average of $16.53. The company’s market cap is $646.1 million.
Continental Building Products Inc is a manufacturer of gypsum wallboard and complementary finishing products.
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