Jefferies Group began coverage on shares of Continental Building Products (NYSE:CBPX) in a research report issued to clients and investors on Tuesday, December 12th, MarketBeat reports. The brokerage set a “hold” rating and a $28.00 price target on the construction company’s stock. Jefferies Group’s target price points to a potential downside of 1.23% from the stock’s previous close. Jefferies Group also issued estimates for Continental Building Products’ Q4 2017 earnings at $0.34 EPS, FY2017 earnings at $1.25 EPS, Q1 2018 earnings at $0.35 EPS, Q2 2018 earnings at $0.36 EPS, Q3 2018 earnings at $0.39 EPS, Q4 2018 earnings at $0.43 EPS, FY2018 earnings at $1.53 EPS and FY2019 earnings at $1.98 EPS.
A number of other analysts also recently issued reports on CBPX. Zacks Investment Research raised shares of Continental Building Products from a “sell” rating to a “hold” rating in a report on Thursday, November 16th. SunTrust Banks reiterated a “buy” rating and issued a $30.00 target price 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 company an “equal weight” rating in a research report on Friday, November 10th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $30.00 price objective on shares of Continental Building Products in a research note on Wednesday, November 15th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $28.20.
Shares of Continental Building Products (CBPX) traded down $0.05 during midday trading on Tuesday, reaching $28.35. The company’s stock had a trading volume of 82,134 shares, compared to its average volume of 336,561. The company has a current ratio of 3.11, a quick ratio of 2.46 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $1,070.00, a P/E ratio of 23.05 and a beta of 1.28. Continental Building Products has a 1 year low of $21.00 and a 1 year high of $28.50.
Institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio acquired a new stake in Continental Building Products in the 3rd quarter worth approximately $2,625,000. GSA Capital Partners LLP purchased a new stake in shares of Continental Building Products during the third quarter worth $1,465,000. California Public Employees Retirement System grew its holdings in shares of Continental Building Products by 35.9% during the third quarter. California Public Employees Retirement System now owns 40,782 shares of the construction company’s stock worth $1,060,000 after buying an additional 10,782 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Continental Building Products during the 3rd quarter valued at about $7,223,000. Finally, Dimensional Fund Advisors LP boosted 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 acquiring an additional 66,397 shares during the last quarter. Hedge funds and other institutional investors own 99.56% of the company’s stock.
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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