Continental Building Products Rating Reiterated by Credit Suisse (CBPX)
Continental Building Products (NASDAQ:CBPX)‘s stock had its “outperform” rating reaffirmed by analysts at Credit Suisse in a research report issued to clients and investors on Tuesday. They currently have a $17.00 target price on the stock, down from their previous target price of $22.00. Credit Suisse’s price target would indicate a potential upside of 15.96% from the company’s current price.
Shares of Continental Building Products (NASDAQ:CBPX) traded down 9.75% during mid-day trading on Tuesday, hitting $13.23. 101,423 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’s 50-day moving average is $14.32 and its 200-day moving average is $16.52. The company’s market cap is $583.0 million.
Continental Building Products (NASDAQ:CBPX) last released its earnings data on Monday, August 11th. The company reported $0.11 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.20 by $0.09. The company had revenue of $102.90 million for the quarter, compared to the consensus estimate of $106.44 million. Continental Building Products’s revenue was up 3.2% compared to the same quarter last year. Analysts expect that Continental Building Products will post $0.61 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. 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. 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. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $19.60.
Continental Building Products Inc is a manufacturer of gypsum wallboard and complementary finishing products.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.