CRH (NYSE:CRH – Get Free Report) had its price target lifted by research analysts at Stephens from $105.00 to $110.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has an “overweight” rating on the construction company’s stock. Stephens‘s price objective would indicate a potential upside of 13.51% from the company’s current price.
A number of other equities research analysts also recently issued reports on CRH. Wells Fargo & Company decreased their price target on shares of CRH from $106.00 to $100.00 and set an “overweight” rating on the stock in a research note on Friday. Truist Financial lowered their price objective on shares of CRH from $130.00 to $105.00 and set a “buy” rating for the company in a research report on Monday, October 5th. Morgan Stanley started coverage on shares of CRH in a research note on Friday, September 11th. They issued an “overweight” rating and a $139.00 price objective for the company. DA Davidson decreased their target price on shares of CRH from $117.00 to $114.00 and set a “buy” rating on the stock in a research report on Monday. Finally, Barclays decreased their target price on shares of CRH from $131.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, October 19th. Nineteen research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.34.
Get Our Latest Stock Analysis on CRH
CRH Stock Up 6.7%
NYSE CRH traded up $6.10 during trading on Monday, hitting $96.91. 3,886,029 shares of the stock traded hands, compared to its average volume of 4,969,785. CRH has a 12-month low of $78.62 and a 12-month high of $131.55. The firm has a 50-day simple moving average of $87.19 and a 200-day simple moving average of $104.24. The company has a market capitalization of $64.47 billion, a P/E ratio of 18.18, a price-to-earnings-growth ratio of 1.75 and a beta of 1.33.
CRH (NYSE:CRH – Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The construction company reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.06 by $0.03. The business had revenue of $11.40 billion for the quarter, compared to analysts’ expectations of $11.56 billion. CRH had a return on equity of 15.03% and a net margin of 9.19%. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.21 EPS. As a group, research analysts predict that CRH will post 5.48 EPS for the current fiscal year.
Institutional Investors Weigh In On CRH
Institutional investors have recently made changes to their positions in the company. Amundi lifted its stake in shares of CRH by 74.7% during the 1st quarter. Amundi now owns 5,965,814 shares of the construction company’s stock worth $627,126,000 after acquiring an additional 2,550,178 shares during the last quarter. Bank of America Corp DE lifted its position in shares of CRH by 3.8% during the first quarter. Bank of America Corp DE now owns 5,928,489 shares of the construction company’s stock worth $623,203,000 after purchasing an additional 216,822 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of CRH by 6.6% during the first quarter. Dimensional Fund Advisors LP now owns 4,831,618 shares of the construction company’s stock worth $507,784,000 after purchasing an additional 297,309 shares during the last quarter. Lazard Asset Management LLC boosted its stake in shares of CRH by 4.1% during the first quarter. Lazard Asset Management LLC now owns 2,336,754 shares of the construction company’s stock valued at $245,460,000 after purchasing an additional 93,106 shares during the period. Finally, Janus Henderson Group PLC boosted its stake in shares of CRH by 27.9% during the first quarter. Janus Henderson Group PLC now owns 2,186,541 shares of the construction company’s stock valued at $228,994,000 after purchasing an additional 477,242 shares during the period. Institutional investors own 62.50% of the company’s stock.
CRH Company Profile
CRH plc is a global building materials company that supplies products and solutions used in residential, commercial and infrastructure construction. Its activities include the production and distribution of aggregates, asphalt, ready-mixed concrete, cement and other construction materials, as well as value-added products such as precast concrete, architectural products and site-development solutions.
The company serves customers across North America and Europe, including contractors, construction companies, infrastructure developers, distributors and public-sector organizations.
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