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 Friday.

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 equities analysts have also commented on the stock. Stephens set a $31.00 price target on shares of Continental Building Products and gave the company a hold rating in a research report on Thursday, October 25th. Raymond James reduced their price target on shares of Continental Building Products from $40.00 to $36.00 and set a buy rating on the stock in a research report on Wednesday, October 24th. ValuEngine lowered shares of Continental Building Products from a buy rating to a hold rating in a research report on Tuesday, October 2nd. SunTrust Banks restated a hold rating and issued a $31.00 price target on shares of Continental Building Products in a research report on Friday, August 3rd. Finally, Barclays boosted their price target on shares of Continental Building Products from $33.00 to $39.00 and gave the company a buy rating in a research report on Friday, August 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. Continental Building Products has a consensus rating of Hold and a consensus price target of $34.33.

NYSE:CBPX traded up $0.49 on Friday, reaching $29.74. The stock had a trading volume of 601,166 shares, compared to its average volume of 500,883. The firm has a market cap of $1.11 billion, a PE ratio of 22.36, a price-to-earnings-growth ratio of 0.50 and a beta of 1.50. Continental Building Products has a 1-year low of $25.00 and a 1-year high of $39.60. The company has a quick ratio of 3.21, a current ratio of 3.86 and a debt-to-equity ratio of 0.79.

Continental Building Products (NYSE:CBPX) last released its quarterly earnings results on Thursday, November 8th. The construction company reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.03. The firm had revenue of $131.20 million for the quarter, compared to analyst estimates of $124.65 million. Continental Building Products had a net margin of 14.04% and a return on equity of 19.57%. The company’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.29 earnings per share. On average, research analysts expect that Continental Building Products will post 2.01 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. raised its stake in shares of Continental Building Products by 314.3% during the first quarter. Russell Investments Group Ltd. now owns 4,499 shares of the construction company’s stock worth $128,000 after buying an additional 3,413 shares during the last quarter. Global Endowment Management LP bought a new stake in shares of Continental Building Products during the third quarter worth approximately $210,000. Janus Henderson Group PLC bought a new stake in shares of Continental Building Products during the third quarter worth approximately $227,000. United Services Automobile Association bought a new stake in shares of Continental Building Products during the second quarter worth approximately $200,000. Finally, Financial Enhancement Group LLC bought a new stake in shares of Continental Building Products during the second quarter worth approximately $201,000. Institutional investors own 97.92% of the company’s stock.

About Continental Building Products

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.

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