Continental Building Products (CBPX) Lowered to Sell at Zacks Investment Research
Zacks Investment Research downgraded shares of Continental Building Products (NYSE:CBPX) from a hold rating to a sell rating in a research report sent to investors on Tuesday morning.
According to Zacks, “Continental Building Products, Inc. is a manufacturer of gypsum wallboard, joint compound and complementary finishing products. It serves the residential, commercial and repair and remodel construction markets primarily in the eastern United States and eastern Canada. The company sells its products under the LiftLite, Mold Defense and Weather Defense names. Continental Building Products, Inc. is headquartered in Silver Grove, Quebec. “
A number of other analysts have also weighed in on the company. Jefferies Group began coverage on Continental Building Products in a research note on Tuesday, December 12th. They issued a hold rating and a $28.00 target price on the stock. Royal Bank of Canada reiterated a buy rating and issued a $30.00 target price on shares of Continental Building Products in a research note on Wednesday, November 15th. Barclays raised their price target on Continental Building Products from $25.00 to $27.00 and gave the company an equal weight rating in a research note on Friday, November 10th. BidaskClub upgraded Continental Building Products from a hold rating to a buy rating in a research note on Friday, November 3rd. Finally, SunTrust Banks restated a buy rating and set a $30.00 price target on shares of Continental Building Products in a research note on Monday, October 2nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of Buy and an average target price of $29.40.
Shares of Continental Building Products (NYSE CBPX) opened at $30.85 on Tuesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 3.11 and a quick ratio of 2.46. Continental Building Products has a 52 week low of $21.00 and a 52 week high of $31.00. The firm has a market capitalization of $1,160.00, a price-to-earnings ratio of 25.08 and a beta of 1.28.
Continental Building Products (NYSE:CBPX) last released its earnings results on Thursday, November 9th. The construction company reported $0.29 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.29. Continental Building Products had a return on equity of 15.80% and a net margin of 10.13%. The business had revenue of $116.50 million for the quarter, compared to analyst estimates of $121.08 million. During the same quarter last year, the firm posted $0.25 earnings per share. The business’s revenue was up 1.7% compared to the same quarter last year. sell-side analysts expect that Continental Building Products will post 1.24 EPS for the current year.
Institutional investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA increased its stake in shares of Continental Building Products by 128.9% during the second quarter. BNP Paribas Arbitrage SA now owns 5,645 shares of the construction company’s stock valued at $132,000 after buying an additional 3,179 shares during the period. Citadel Advisors LLC purchased a new position in shares of Continental Building Products during the third quarter valued at $235,000. Legal & General Group Plc increased its stake in shares of Continental Building Products by 9.5% during the second quarter. Legal & General Group Plc now owns 9,279 shares of the construction company’s stock valued at $216,000 after buying an additional 802 shares during the period. Pacad Investment Ltd. increased its stake in shares of Continental Building Products by 57.4% during the second quarter. Pacad Investment Ltd. now owns 9,600 shares of the construction company’s stock valued at $224,000 after buying an additional 3,500 shares during the period. Finally, Principal Financial Group Inc. increased its stake in shares of Continental Building Products by 11.2% during the second quarter. Principal Financial Group Inc. now owns 10,037 shares of the construction company’s stock valued at $234,000 after buying an additional 1,013 shares during the period. 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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