Continental Building Products (CBPX) PT Lowered to $11.50 at Citigroup

Continental Building Products (NYSE:CBPX) had its target price cut by stock analysts at Citigroup from $13.00 to $11.50 in a research report issued to clients and investors on Thursday. The firm presently has a “neutral” rating on the construction company’s stock. Citigroup’s target price points to a potential downside of 61.73% from the company’s previous close.

A number of other brokerages have also issued reports on CBPX. SunTrust Banks lowered Continental Building Products from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Zacks Investment Research raised Continental Building Products from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th. Barclays raised Continental Building Products from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $27.00 to $33.00 in a research report on Friday, January 5th. Jefferies Group assumed coverage on Continental Building Products in a research report on Tuesday, December 12th. They issued a “hold” rating and a $28.00 target price on the stock. Finally, 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. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $26.42.

Shares of Continental Building Products (CBPX) traded up $0.35 during midday trading on Thursday, reaching $30.05. The company’s stock had a trading volume of 217,415 shares, compared to its average volume of 187,864. The stock has a market capitalization of $1,120.14, a price-to-earnings ratio of 24.43 and a beta of 1.28. The company has a current ratio of 3.11, a quick ratio of 2.46 and a debt-to-equity ratio of 0.88. Continental Building Products has a 52 week low of $21.00 and a 52 week high of $31.00.

Continental Building Products (NYSE:CBPX) last announced its earnings results on Thursday, November 9th. The construction company reported $0.29 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.29. The company had revenue of $116.50 million for the quarter, compared to analyst estimates of $121.08 million. Continental Building Products had a return on equity of 15.80% and a net margin of 10.13%. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.25 earnings per share. analysts predict that Continental Building Products will post 1.24 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. GSA Capital Partners LLP purchased a new stake in shares of Continental Building Products during the third quarter worth $1,465,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Continental Building Products during the third quarter worth $2,625,000. State Street Corp increased its position in shares of Continental Building Products by 6.1% during the second quarter. State Street Corp now owns 762,246 shares of the construction company’s stock worth $17,765,000 after acquiring an additional 43,516 shares during the period. Trexquant Investment LP purchased a new stake in shares of Continental Building Products during the third quarter worth $351,000. Finally, Nationwide Fund Advisors increased its position in shares of Continental Building Products by 6.9% during the third quarter. Nationwide Fund Advisors now owns 75,132 shares of the construction company’s stock worth $1,953,000 after acquiring an additional 4,819 shares during the period. 99.66% of the stock is currently owned by institutional investors and hedge funds.

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About Continental Building Products

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.

Analyst Recommendations for Continental Building Products (NYSE:CBPX)

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