Continental Building Products, Inc. (CBPX) Receives “Buy” Rating from Royal Bank Of Canada

Royal Bank Of Canada restated their buy rating on shares of Continental Building Products, Inc. (NYSE:CBPX) in a report released on Monday morning. Royal Bank Of Canada currently has a $28.00 target price on the construction company’s stock.

Separately, Zacks Investment Research raised shares of Continental Building Products from a sell rating to a hold rating in a research note on Tuesday, May 9th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Continental Building Products presently has an average rating of Hold and an average target price of $25.00.

Analyst Recommendations for Continental Building Products (NYSE:CBPX)

Continental Building Products (CBPX) remained flat at $23.95 during trading on Monday. The company had a trading volume of 25,599 shares. The firm’s 50-day moving average is $24.44 and its 200-day moving average is $24.05. The firm has a market cap of $939.32 million, a price-to-earnings ratio of 21.99 and a beta of 1.31. Continental Building Products has a 12 month low of $18.35 and a 12 month high of $26.52.

Continental Building Products (NYSE:CBPX) last issued its earnings results on Thursday, May 4th. The construction company reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.06. Continental Building Products had a net margin of 9.30% and a return on equity of 15.57%. The firm had revenue of $120.60 million during the quarter, compared to the consensus estimate of $109.81 million. During the same quarter in the prior year, the firm earned $0.30 earnings per share. The business’s quarterly revenue was up 8.2% on a year-over-year basis. Equities research analysts forecast that Continental Building Products will post $1.36 earnings per share for the current fiscal year.

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Large investors have recently modified their holdings of the stock. Piedmont Investment Advisors LLC increased its stake in shares of Continental Building Products by 26,410.0% in the first quarter. Piedmont Investment Advisors LLC now owns 34,463 shares of the construction company’s stock valued at $844,000 after buying an additional 34,333 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Continental Building Products by 11.0% in the first quarter. Goldman Sachs Group Inc. now owns 170,471 shares of the construction company’s stock valued at $4,177,000 after buying an additional 16,869 shares in the last quarter. Macquarie Group Ltd. increased its stake in shares of Continental Building Products by 15.6% in the first quarter. Macquarie Group Ltd. now owns 1,461,002 shares of the construction company’s stock valued at $35,795,000 after buying an additional 196,797 shares in the last quarter. Credit Suisse AG increased its stake in shares of Continental Building Products by 128.1% in the first quarter. Credit Suisse AG now owns 98,554 shares of the construction company’s stock valued at $2,414,000 after buying an additional 55,349 shares in the last quarter. Finally, Tudor Investment Corp ET AL increased its stake in shares of Continental Building Products by 48.4% in the first quarter. Tudor Investment Corp ET AL now owns 43,482 shares of the construction company’s stock valued at $1,065,000 after buying an additional 14,187 shares in the last quarter. 97.35% of the stock is owned by hedge funds and other institutional investors.

About Continental Building Products

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “CBPX”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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