Jefferies Group assumed coverage on shares of Continental Building Products (NYSE:CBPX) in a research note published on Tuesday, Marketbeat Ratings reports. The firm issued a hold rating and a $28.00 price target on the construction company’s stock. 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.

CBPX has been the topic of several other research reports. Royal Bank of Canada reiterated a buy rating and set a $30.00 price target on shares of Continental Building Products in a report on Wednesday, November 15th. BidaskClub upgraded Continental Building Products from a hold rating to a buy rating in a report on Friday, November 3rd. Barclays lifted their price target on Continental Building Products from $25.00 to $27.00 and gave the stock an equal weight rating in a report on Friday, November 10th. Zacks Investment Research upgraded Continental Building Products from a sell rating to a hold rating in a report on Thursday, November 16th. Finally, SunTrust Banks reiterated a buy rating and set a $30.00 price target on shares of Continental Building Products in a report on Monday, October 2nd. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Continental Building Products has a consensus rating of Buy and an average price target of $28.20.

Continental Building Products (NYSE CBPX) traded down $0.40 during midday trading on Tuesday, hitting $27.20. The stock had a trading volume of 282,000 shares, compared to its average volume of 341,140. Continental Building Products has a fifty-two week low of $21.00 and a fifty-two week high of $28.50. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.46 and a current ratio of 3.11. The stock has a market cap of $1,040.93, a price-to-earnings ratio of 22.26 and a beta of 1.28.

Continental Building Products (NYSE:CBPX) last posted its quarterly earnings results on Thursday, November 9th. The construction company reported $0.29 EPS for the quarter, hitting the consensus estimate 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 in the previous year, the firm earned $0.25 EPS. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. equities research analysts expect that Continental Building Products will post 1.25 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Continental Building Products by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 4,224,374 shares of the construction company’s stock worth $98,427,000 after purchasing an additional 81,728 shares during the last quarter. Macquarie Group Ltd. increased its position in shares of Continental Building Products by 9.4% during the 3rd quarter. Macquarie Group Ltd. now owns 2,097,989 shares of the construction company’s stock worth $54,548,000 after purchasing an additional 180,218 shares during the last quarter. Brown Advisory Inc. increased its position in shares of Continental Building Products by 18.2% during the 3rd quarter. Brown Advisory Inc. now owns 1,720,709 shares of the construction company’s stock worth $44,738,000 after purchasing an additional 265,383 shares during the last quarter. Dimensional Fund Advisors LP increased 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 worth $39,318,000 after purchasing an additional 66,397 shares during the last quarter. Finally, Prudential Financial Inc. increased its position in shares of Continental Building Products by 27.1% during the 2nd quarter. Prudential Financial Inc. now owns 1,281,552 shares of the construction company’s stock worth $29,860,000 after purchasing an additional 273,192 shares during the last quarter. 99.58% of the stock is owned by hedge funds and other institutional investors.

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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.

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