Continental Building Products (CBPX) Now Covered by Analysts at Jefferies Group

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.

Continental Building Products (NYSE:CBPX) last posted its quarterly earnings data on Thursday, November 9th. The construction company reported $0.29 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.29. Continental Building Products had a net margin of 9.43% and a return on equity of 14.54%. The firm had revenue of $116.50 million during the quarter, compared to analyst estimates of $121.08 million. During the same quarter last year, the business posted $0.25 EPS. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. equities analysts forecast that Continental Building Products will post 1.25 EPS for the current fiscal year.

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.

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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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