JPMorgan Chase & Co. Forecasts Strong Price Appreciation for CRH (NYSE:CRH) Stock

CRH (NYSE:CRH) had its price objective upped by analysts at JPMorgan Chase & Co. from $130.00 to $135.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the construction company’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 19.05% from the company’s current price.

A number of other equities analysts have also commented on CRH. Sanford C. Bernstein raised their price target on CRH from $115.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday, September 11th. UBS Group assumed coverage on CRH in a research note on Tuesday, October 14th. They issued a “buy” rating and a $138.00 target price for the company. Wells Fargo & Company decreased their price target on CRH from $135.00 to $133.00 and set an “overweight” rating on the stock in a research report on Friday, November 7th. Jefferies Financial Group raised shares of CRH to a “strong-buy” rating in a report on Monday, September 22nd. Finally, Royal Bank Of Canada cut their price objective on shares of CRH from $152.00 to $150.00 and set an “outperform” rating for the company in a research report on Friday, November 7th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $129.54.

CRH Stock Up 0.7%

Shares of NYSE:CRH opened at $113.39 on Tuesday. The firm has a market capitalization of $76.28 billion, a PE ratio of 23.72, a P/E/G ratio of 1.68 and a beta of 1.32. The company has a 50-day moving average price of $115.84 and a two-hundred day moving average price of $104.21. CRH has a twelve month low of $76.75 and a twelve month high of $121.99.

CRH (NYSE:CRH) last announced its quarterly earnings results on Wednesday, November 5th. The construction company reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.27. The company had revenue of $11.07 billion for the quarter, compared to analysts’ expectations of $10.15 billion. CRH had a net margin of 9.09% and a return on equity of 15.68%. CRH’s revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.97 EPS. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. Analysts anticipate that CRH will post 5.47 earnings per share for the current fiscal year.

Institutional Trading of CRH

Several institutional investors and hedge funds have recently made changes to their positions in CRH. United Community Bank increased its stake in CRH by 359.6% in the third quarter. United Community Bank now owns 239 shares of the construction company’s stock valued at $29,000 after acquiring an additional 187 shares during the last quarter. Salomon & Ludwin LLC purchased a new position in shares of CRH during the 3rd quarter valued at about $32,000. Cornerstone Planning Group LLC lifted its position in CRH by 139.3% in the 3rd quarter. Cornerstone Planning Group LLC now owns 268 shares of the construction company’s stock worth $31,000 after buying an additional 156 shares during the last quarter. Creekmur Asset Management LLC bought a new position in CRH during the second quarter valued at approximately $27,000. Finally, Park Place Capital Corp raised its stake in shares of CRH by 59.9% during the second quarter. Park Place Capital Corp now owns 307 shares of the construction company’s stock worth $29,000 after acquiring an additional 115 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

About CRH

CRH plc, together with its subsidiaries, provides building materials solutions in Ireland and internationally. It operates through four segments: Americas Materials Solutions, Americas Building Solutions, Europe Materials Solutions, and Europe Building Solutions. The company provides solutions for the construction and maintenance of public infrastructure and commercial and residential buildings; and produces and sells aggregates, cement, readymixed concrete, and asphalt, as well as provides paving and construction services.