JPMorgan Chase & Co. Forecasts Strong Price Appreciation for CRH (NYSE:CRH) Stock

CRH (NYSE:CRH) had its target price hoisted by equities researchers at JPMorgan Chase & Co. from $135.00 to $140.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the construction company’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 23.42% from the stock’s previous close.

A number of other research analysts also recently issued reports on the stock. Citigroup boosted their price target on shares of CRH from $142.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. Royal Bank Of Canada lowered their target price on shares of CRH from $152.00 to $150.00 and set an “outperform” rating for the company in a research note on Friday, November 7th. DA Davidson set a $120.00 target price on shares of CRH in a report on Friday, February 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of CRH in a research report on Monday, December 8th. Finally, Morgan Stanley lifted their price objective on CRH from $140.00 to $141.00 and gave the stock an “overweight” rating in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, CRH presently has an average rating of “Moderate Buy” and a consensus target price of $137.86.

CRH Trading Down 0.1%

NYSE CRH opened at $113.44 on Tuesday. The business’s 50-day moving average price is $124.00 and its two-hundred day moving average price is $119.22. CRH has a 12 month low of $76.75 and a 12 month high of $131.55. The firm has a market capitalization of $75.80 billion, a PE ratio of 20.55, a price-to-earnings-growth ratio of 1.98 and a beta of 1.33.

CRH (NYSE:CRH) last issued its quarterly earnings data on Wednesday, February 18th. The construction company reported $1.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.68). The company had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $11.15 billion. CRH had a return on equity of 15.98% and a net margin of 10.02%.CRH’s revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.02 earnings per share. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. As a group, analysts forecast that CRH will post 5.47 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CRH. Board of the Pension Protection Fund bought a new stake in shares of CRH during the fourth quarter valued at approximately $25,000. Harbor Investment Advisory LLC grew its position in CRH by 87.6% in the 4th quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock valued at $26,000 after purchasing an additional 99 shares during the period. Flagship Harbor Advisors LLC acquired a new stake in CRH in the 4th quarter valued at $26,000. United Community Bank increased its stake in CRH by 359.6% during the 3rd quarter. United Community Bank now owns 239 shares of the construction company’s stock valued at $29,000 after purchasing an additional 187 shares in the last quarter. Finally, Riggs Asset Managment Co. Inc. raised its holdings in CRH by 1,835.3% during the second quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock worth $30,000 after buying an additional 312 shares during the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

About CRH

CRH plc, originally formed as Cement Roadstone Holdings in 1970 and headquartered in Dublin, Ireland, is a global building materials group. The company has grown from its Irish roots into one of the largest international suppliers of construction materials, expanding primarily through acquisitions and regional business development. CRH operates an integrated network of manufacturing and distribution businesses that serve both public and private construction markets.

CRH’s core activities include the production and distribution of aggregates, cement, asphalt, ready-mixed concrete and other bulk materials, together with a broad range of value-added building products such as precast concrete, masonry, bricks, roofing products, pipe and drainage systems, and construction accessories.