Barclays Downgrades Continental Building Products (NYSE:CBPX) to Hold

Continental Building Products (NYSE:CBPX) was downgraded by equities researchers at Barclays to a “hold” rating in a report issued on Wednesday, TipRanks reports. They currently have a $37.00 price objective on the construction company’s stock. Barclays‘s target price suggests a potential upside of 1.54% from the stock’s current price.

A number of other brokerages also recently issued reports on CBPX. BNP Paribas started coverage on Continental Building Products in a research report on Wednesday, October 9th. They set an “outperform” rating on the stock. Exane BNP Paribas started coverage on Continental Building Products in a research report on Wednesday, October 9th. They set an “outperform” rating on the stock. SunTrust Banks increased their price target on Continental Building Products to $37.00 and gave the stock a “positive” rating in a research report on Wednesday. Zacks Investment Research raised Continental Building Products from a “sell” rating to a “hold” rating in a research report on Friday, October 11th. Finally, Royal Bank of Canada increased their price target on Continental Building Products to $37.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Continental Building Products presently has a consensus rating of “Buy” and a consensus target price of $36.00.

CBPX traded up $0.18 during trading on Wednesday, hitting $36.44. The company’s stock had a trading volume of 1,360,734 shares, compared to its average volume of 935,424. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 18.04, a price-to-earnings-growth ratio of 4.31 and a beta of 1.32. Continental Building Products has a 12 month low of $21.35 and a 12 month high of $36.50. The company has a quick ratio of 3.65, a current ratio of 4.56 and a debt-to-equity ratio of 0.75. The firm’s 50 day moving average price is $29.22 and its two-hundred day moving average price is $26.06.

Continental Building Products (NYSE:CBPX) last posted its earnings results on Tuesday, November 12th. The construction company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.38 by $0.01. The company had revenue of $127.40 million for the quarter, compared to the consensus estimate of $127.16 million. Continental Building Products had a return on equity of 18.84% and a net margin of 12.12%. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.51 earnings per share. On average, sell-side analysts forecast that Continental Building Products will post 1.66 earnings per share for the current year.

Large investors have recently modified their holdings of the stock. Aperio Group LLC acquired a new stake in shares of Continental Building Products in the 2nd quarter valued at $76,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Continental Building Products by 35.7% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 186,625 shares of the construction company’s stock valued at $4,959,000 after purchasing an additional 49,100 shares in the last quarter. Systematic Financial Management LP boosted its holdings in shares of Continental Building Products by 1.7% in the 3rd quarter. Systematic Financial Management LP now owns 1,091,371 shares of the construction company’s stock valued at $29,784,000 after purchasing an additional 17,985 shares in the last quarter. Winmill & CO. Inc. acquired a new stake in shares of Continental Building Products in the 3rd quarter valued at $2,663,000. Finally, Brinker Capital Inc. boosted its holdings in shares of Continental Building Products by 10.7% in the 3rd quarter. Brinker Capital Inc. now owns 46,428 shares of the construction company’s stock valued at $1,267,000 after purchasing an additional 4,480 shares in the last quarter. 98.66% of the stock is currently owned by institutional investors and hedge funds.

About Continental Building Products

Continental Building Products, Inc manufactures and sells gypsum wallboard and complementary finishing products in the eastern United States and eastern Canada. The company sells its products to gypsum wallboard distributors, buying groups, wholesalers, and mass merchants in the new residential, repair and remodel, and commercial construction markets under the LiftLite, Mold Defense, and Weather Defense brand names.

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Analyst Recommendations for Continental Building Products (NYSE:CBPX)

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