Continental Building Products Inc (NYSE:CBPX) – Analysts at Jefferies Group lifted their Q1 2018 earnings per share (EPS) estimates for Continental Building Products in a research note issued to investors on Wednesday. Jefferies Group analyst P. Ng now expects that the construction company will earn $0.40 per share for the quarter, up from their prior forecast of $0.35. Jefferies Group has a “Hold” rating and a $28.00 price objective on the stock. Jefferies Group also issued estimates for Continental Building Products’ Q2 2018 earnings at $0.41 EPS, Q3 2018 earnings at $0.45 EPS, Q4 2018 earnings at $0.49 EPS, FY2018 earnings at $1.74 EPS and FY2019 earnings at $2.25 EPS.

CBPX has been the subject of several other research reports. SunTrust Banks downgraded shares of Continental Building Products from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Zacks Investment Research raised shares of Continental Building Products from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th. Barclays raised shares of Continental Building Products from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $27.00 to $33.00 in a research report on Friday, January 5th. Royal Bank of Canada reissued a “buy” rating and issued a $30.00 target price on shares of Continental Building Products in a research report on Wednesday, November 15th. Finally, BidaskClub raised shares of Continental Building Products from a “hold” rating to a “buy” rating in a research report on Friday, November 3rd. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $29.40.

Shares of Continental Building Products (NYSE CBPX) traded up $1.20 during mid-day trading on Thursday, reaching $29.50. 284,500 shares of the company’s stock were exchanged, compared to its average volume of 228,036. Continental Building Products has a 52-week low of $21.00 and a 52-week high of $31.00. The company has a debt-to-equity ratio of 0.88, a current ratio of 3.11 and a quick ratio of 2.46. The firm has a market cap of $1,067.33, a price-to-earnings ratio of 23.98 and a beta of 1.28.

Continental Building Products (NYSE:CBPX) last issued its quarterly earnings data on Thursday, November 9th. The construction company reported $0.29 EPS for the quarter, hitting analysts’ consensus estimates of $0.29. Continental Building Products had a net margin of 10.13% and a return on equity of 15.80%. The firm had revenue of $116.50 million for the quarter, compared to analyst estimates of $121.08 million. During the same quarter in the previous year, the business posted $0.25 EPS. The firm’s revenue was up 1.7% compared to the same quarter last year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Continental Building Products by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 4,224,374 shares of the construction company’s stock worth $98,427,000 after purchasing an additional 81,728 shares during the last quarter. Macquarie Group Ltd. grew its position in shares of Continental Building Products by 9.4% during the 3rd quarter. Macquarie Group Ltd. now owns 2,097,989 shares of the construction company’s stock valued at $54,548,000 after buying an additional 180,218 shares during the last quarter. Brown Advisory Inc. grew its position in shares of Continental Building Products by 18.2% during the 3rd quarter. Brown Advisory Inc. now owns 1,720,709 shares of the construction company’s stock valued at $44,738,000 after buying an additional 265,383 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Continental Building Products by 4.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,512,239 shares of the construction company’s stock valued at $39,318,000 after buying an additional 66,397 shares during the last quarter. Finally, Systematic Financial Management LP grew its position in shares of Continental Building Products by 4.2% during the 3rd quarter. Systematic Financial Management LP now owns 941,380 shares of the construction company’s stock valued at $24,476,000 after buying an additional 38,259 shares during the last quarter. 99.56% of the stock is owned by institutional investors.

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Continental Building Products Company Profile

Continental Building Products, Inc is a manufacturer of gypsum wallboard and complementary finishing products. The Company operates through wallboard segment. Gypsum wallboard is a primary building material used in residential and commercial construction and in repair and remodel (R&R). It offers customers a range of gypsum wallboard products, including LiftLite, its lightweight product designed to lift and install; its Mold Defense line of products designed for protection against mold and mildew, and its Weather Defense line of moisture and mold-resistant exterior sheathing.

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