JPMorgan Chase & Co. Downgrades HeidelbergCement (OTCMKTS:HDELY) to Underweight

HeidelbergCement (OTCMKTS:HDELY) was downgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a research note issued on Monday, The Fly reports.

Other equities research analysts also recently issued reports about the stock. UBS Group reiterated a “buy” rating on shares of HeidelbergCement in a research note on Wednesday, July 7th. Barclays downgraded shares of HeidelbergCement from an “equal weight” rating to an “underweight” rating in a research note on Monday, August 9th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of HeidelbergCement in a research note on Thursday, June 10th. Morgan Stanley restated an “overweight” rating on shares of HeidelbergCement in a research note on Friday, July 9th. Finally, Zacks Investment Research downgraded shares of HeidelbergCement from a “buy” rating to a “hold” rating in a research note on Wednesday, September 8th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, HeidelbergCement presently has an average rating of “Hold” and a consensus target price of $20.00.

OTCMKTS:HDELY opened at $14.98 on Monday. The firm has a 50 day simple moving average of $17.12 and a 200-day simple moving average of $17.68. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.25 and a quick ratio of 0.89. The firm has a market cap of $14.86 billion, a PE ratio of 9.54 and a beta of 1.42. HeidelbergCement has a 1-year low of $11.05 and a 1-year high of $19.34.

HeidelbergCement (OTCMKTS:HDELY) last issued its quarterly earnings results on Thursday, July 29th. The construction company reported $0.58 EPS for the quarter. The company had revenue of $6 billion for the quarter, compared to analyst estimates of $5.95 billion. As a group, sell-side analysts expect that HeidelbergCement will post 2.11 earnings per share for the current fiscal year.

HeidelbergCement Company Profile

HeidelbergCement AG engages in the production and distribution of cement, aggregates, ready-mixed concrete, and asphalt. It operates through the following geographical segments: Western and Southern Europe; Northern and Eastern Europe-Central Asia; North America; Asia-Pacific; Africa-Eastern Mediterranean Basin, and Group Services.

See Also: The Role of a Fiduciary and Individual Investors

The Fly logo

Analyst Recommendations for HeidelbergCement (OTCMKTS:HDELY)

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