Continental Building Products (CBPX) Cut to Sell at ValuEngine

Share on StockTwits

ValuEngine cut shares of Continental Building Products (NYSE:CBPX) from a hold rating to a sell rating in a research report released on Wednesday morning.

CBPX has been the subject of several other reports. Stephens set a $32.00 price target on Continental Building Products and gave the company a hold rating in a report on Tuesday, November 13th. Citigroup dropped their price objective on Continental Building Products from $36.00 to $33.00 and set a hold rating for the company in a report on Monday, November 12th. Zacks Investment Research downgraded Continental Building Products from a buy rating to a hold rating in a report on Friday, October 26th. Barclays set a $35.00 price objective on Continental Building Products and gave the stock a buy rating in a report on Wednesday, December 12th. Finally, Raymond James dropped their price objective on Continental Building Products from $40.00 to $36.00 and set a buy rating for the company in a report on Wednesday, October 24th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $33.00.

Shares of CBPX opened at $25.98 on Wednesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.01 and a quick ratio of 3.32. The firm has a market capitalization of $964.15 million, a price-to-earnings ratio of 19.53, a price-to-earnings-growth ratio of 0.81 and a beta of 1.45. Continental Building Products has a fifty-two week low of $24.13 and a fifty-two week high of $39.60.

Continental Building Products (NYSE:CBPX) last issued its quarterly earnings results on Thursday, November 8th. The construction company reported $0.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.03. The company had revenue of $131.20 million during the quarter, compared to the consensus estimate of $124.65 million. Continental Building Products had a return on equity of 21.14% and a net margin of 15.10%. Continental Building Products’s revenue was up 12.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.29 EPS. On average, analysts forecast that Continental Building Products will post 2.07 EPS for the current year.

In other Continental Building Products news, Director Edward M. Bosowski purchased 1,500 shares of the firm’s stock in a transaction that occurred on Friday, November 16th. The stock was purchased at an average cost of $29.28 per share, with a total value of $43,920.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 0.52% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in CBPX. Vanguard Group Inc boosted its position in Continental Building Products by 2.9% in the 3rd quarter. Vanguard Group Inc now owns 4,829,264 shares of the construction company’s stock valued at $181,339,000 after buying an additional 135,931 shares during the last quarter. Federated Investors Inc. PA boosted its position in Continental Building Products by 15,441.4% in the 3rd quarter. Federated Investors Inc. PA now owns 333,519 shares of the construction company’s stock valued at $12,523,000 after buying an additional 331,373 shares during the last quarter. Clearbridge Investments LLC boosted its position in Continental Building Products by 951,920.0% in the 3rd quarter. Clearbridge Investments LLC now owns 476,010 shares of the construction company’s stock valued at $17,874,000 after buying an additional 475,960 shares during the last quarter. Vanguard Group Inc. boosted its position in Continental Building Products by 2.9% in the 3rd quarter. Vanguard Group Inc. now owns 4,829,264 shares of the construction company’s stock valued at $181,339,000 after buying an additional 135,931 shares during the last quarter. Finally, Morgan Stanley boosted its position in Continental Building Products by 229.3% in the 3rd quarter. Morgan Stanley now owns 294,767 shares of the construction company’s stock valued at $11,068,000 after buying an additional 205,242 shares during the last quarter. 98.57% of the stock is owned by hedge funds and other institutional investors.

Continental Building Products Company Profile

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.

Recommended Story: Cost of Debt

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Continental Building Products (NYSE:CBPX)

Receive News & Ratings for Continental Building Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Continental Building Products and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Brokerages Expect Nike Inc  to Announce $0.63 Earnings Per Share
Brokerages Expect Nike Inc to Announce $0.63 Earnings Per Share
Raymond James Upgrades Commerce Bancshares  to “Market Perform”
Raymond James Upgrades Commerce Bancshares to “Market Perform”
Brokerages Expect Nike Inc  to Announce $0.63 Earnings Per Share
Brokerages Expect Nike Inc to Announce $0.63 Earnings Per Share
Zacks Investment Research Lowers Orange  to Sell
Zacks Investment Research Lowers Orange to Sell
Earthstone Energy’s  “Outperform” Rating Reaffirmed at Imperial Capital
Earthstone Energy’s “Outperform” Rating Reaffirmed at Imperial Capital
Codexis  Downgraded to Hold at Zacks Investment Research
Codexis Downgraded to Hold at Zacks Investment Research


Leave a Reply

© 2006-2019 Ticker Report