CRH (NYSE:CRH – Get Free Report) had its price objective dropped by stock analysts at DA Davidson from $117.00 to $114.00 in a research note issued on Monday, Marketbeat Ratings reports. The brokerage currently has a “buy” rating on the construction company’s stock. DA Davidson‘s price objective points to a potential upside of 18.44% from the stock’s previous close.
A number of other equities research analysts have also issued reports on the company. UBS Group cut their target price on CRH from $147.00 to $135.00 and set a “buy” rating on the stock in a research report on Tuesday, September 22nd. Morgan Stanley initiated coverage on CRH in a research report on Friday, September 11th. They issued an “overweight” rating and a $139.00 price target for the company. Weiss Ratings cut CRH from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, September 16th. Wells Fargo & Company cut their price objective on CRH from $106.00 to $100.00 and set an “overweight” rating on the stock in a report on Friday. Finally, Royal Bank Of Canada reduced their price objective on shares of CRH from $165.00 to $135.00 and set an “outperform” rating for the company in a research note on Friday, October 9th. Nineteen equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $124.97.
Read Our Latest Stock Analysis on CRH
CRH Stock Up 6.0%
NYSE:CRH traded up $5.44 during trading hours on Monday, reaching $96.25. 2,681,798 shares of the company’s stock were exchanged, compared to its average volume of 4,964,256. The company has a market capitalization of $64.04 billion, a P/E ratio of 18.09, a price-to-earnings-growth ratio of 1.75 and a beta of 1.33. CRH has a 12 month low of $78.62 and a 12 month high of $131.55. The business’s 50-day simple moving average is $87.19 and its two-hundred day simple moving average is $104.24.
CRH (NYSE:CRH – Get Free Report) last posted its quarterly earnings results on Thursday, October 29th. The construction company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.06 by $0.03. CRH had a return on equity of 15.03% and a net margin of 9.19%. The company had revenue of $11.40 billion for the quarter, compared to analysts’ expectations of $11.56 billion. During the same quarter in the prior year, the company earned $2.21 earnings per share. The firm’s revenue was up 3.0% on a year-over-year basis. As a group, sell-side analysts anticipate that CRH will post 5.48 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the business. Amundi lifted its stake in CRH by 74.7% in 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 in the last quarter. Bank of America Corp DE increased its holdings in shares of CRH by 3.8% in the 1st quarter. Bank of America Corp DE now owns 5,928,489 shares of the construction company’s stock valued at $623,203,000 after purchasing an additional 216,822 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of CRH by 6.6% in 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 in the last quarter. Lazard Asset Management LLC lifted its position in shares of CRH by 4.1% in the first quarter. Lazard Asset Management LLC now owns 2,336,754 shares of the construction company’s stock worth $245,460,000 after purchasing an additional 93,106 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its holdings 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 worth $228,994,000 after purchasing an additional 477,242 shares during the period. 62.50% of the stock is owned by institutional investors and hedge funds.
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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