Continental Building Products (CBPX) Research Coverage Started at Jefferies Group

Equities research analysts at Jefferies Group started coverage on shares of Continental Building Products (NYSE:CBPX) in a research note issued on Tuesday. The brokerage set a “hold” rating on the construction company’s stock.

Other analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Continental Building Products from a “sell” rating to a “hold” rating in a research report on Thursday, November 16th. SunTrust Banks restated a “buy” rating and set a $30.00 price target on shares of Continental Building Products in a research report on Monday, October 2nd. BidaskClub upgraded shares of Continental Building Products from a “sell” rating to a “hold” rating in a research report on Saturday, September 2nd. Barclays boosted their price target on shares of Continental Building Products from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Friday, November 10th. Finally, Royal Bank of Canada restated a “buy” rating and set a $30.00 price target on shares of Continental Building Products in a research report on Wednesday, November 15th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Continental Building Products presently has an average rating of “Buy” and an average target price of $28.25.

Continental Building Products (CBPX) opened at $27.65 on Tuesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.46 and a current ratio of 3.11. The stock has a market cap of $1,040.00, a PE ratio of 22.26 and a beta of 1.28. Continental Building Products has a one year low of $21.00 and a one year high of $28.50.

Continental Building Products (NYSE:CBPX) last posted 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. 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 during the quarter, compared to analyst estimates of $121.08 million. During the same period in the previous year, the business posted $0.25 EPS. Continental Building Products’s revenue was up 1.7% on a year-over-year basis. equities research analysts predict that Continental Building Products will post 1.25 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CBPX. State Street Corp raised its holdings 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 valued at $17,765,000 after acquiring an additional 43,516 shares during the period. Prudential Financial Inc. grew its position in Continental Building Products by 27.1% during the second quarter. Prudential Financial Inc. now owns 1,281,552 shares of the construction company’s stock valued at $29,860,000 after purchasing an additional 273,192 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Continental Building Products by 3.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,445,842 shares of the construction company’s stock valued at $33,688,000 after purchasing an additional 51,644 shares in the last quarter. First Trust Advisors LP grew its position in Continental Building Products by 53.7% during the second quarter. First Trust Advisors LP now owns 75,275 shares of the construction company’s stock valued at $1,754,000 after purchasing an additional 26,303 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in Continental Building Products by 20.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 213,992 shares of the construction company’s stock valued at $4,987,000 after purchasing an additional 36,936 shares in the last quarter. Institutional investors and hedge funds own 99.58% of the company’s stock.

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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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