FY2017 EPS Estimates for Crh Plc (CRH) Lifted by Jefferies Group

Crh Plc (NYSE:CRH) – Equities research analysts at Jefferies Group upped their FY2017 earnings estimates for shares of CRH in a note issued to investors on Monday. Jefferies Group analyst J. Jordan now expects that the construction company will earn $2.02 per share for the year, up from their previous forecast of $1.92. Jefferies Group also issued estimates for CRH’s FY2018 earnings at $2.48 EPS and FY2019 earnings at $2.83 EPS.

Other equities analysts also recently issued reports about the company. Zacks Investment Research upgraded CRH from a “sell” rating to a “hold” rating in a report on Tuesday, January 23rd. BNP Paribas upgraded CRH from an “underperform” rating to a “neutral” rating in a report on Thursday, January 25th. Finally, Morgan Stanley upgraded CRH from an “equal weight” rating to an “overweight” rating in a report on Friday, November 17th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. CRH currently has a consensus rating of “Hold” and an average price target of $32.50.

CRH (NYSE:CRH) opened at $35.32 on Wednesday. CRH has a twelve month low of $32.82 and a twelve month high of $39.32. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.10 and a current ratio of 1.60.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC increased its holdings in CRH by 781.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,791 shares of the construction company’s stock worth $134,000 after buying an additional 3,361 shares in the last quarter. Advisor Group Inc. increased its holdings in CRH by 38.6% in the 2nd quarter. Advisor Group Inc. now owns 4,520 shares of the construction company’s stock worth $160,000 after buying an additional 1,259 shares in the last quarter. Glovista Investments LLC bought a new stake in CRH in the 3rd quarter worth about $204,000. SG Americas Securities LLC bought a new stake in CRH in the 3rd quarter worth about $271,000. Finally, Financial Counselors Inc. bought a new stake in CRH in the 3rd quarter worth about $303,000. Institutional investors own 3.41% of the company’s stock.

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About CRH

CRH public limited company (CRH plc) is a building materials company. The Company’s segments include Europe Heavyside, Europe Lightside, Europe Distribution, Americas Materials, Americas Products and Asia. Europe Heavyside segment is engaged in the manufacturing and supply of aggregates, asphalt, cement, readymixed and precast concrete and landscaping products.

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