Continental Building Products (CBPX) PT Set at $27.00 by Royal Bank of Canada

By: Jocelyn Sebastian

Continental Building Products (NYSE:CBPX) has been given a $27.00 price target by equities researchers at Royal Bank of Canada in a report issued on Friday, TipRanks reports. The firm presently has a “hold” rating on the construction company’s stock. Royal Bank of Canada’s price objective indicates a potential downside of 2.56% from the stock’s current price.

Several other research analysts have also weighed in on CBPX. ValuEngine raised Continental Building Products from a “sell” rating to a “hold” rating in a research report on Saturday. Zacks Investment Research lowered Continental Building Products from a “hold” rating to a “sell” rating in a research report on Tuesday, April 30th. Seaport Global Securities reaffirmed a “neutral” rating on shares of Continental Building Products in a research report on Monday, February 25th. Stephens reaffirmed a “hold” rating and issued a $28.00 target price on shares of Continental Building Products in a research report on Sunday, January 27th. Finally, Raymond James lowered Continental Building Products from a “strong-buy” rating to a “market perform” rating in a research report on Wednesday, January 23rd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $31.89.

Shares of Continental Building Products stock traded up $1.90 during trading hours on Friday, reaching $27.71. 430,355 shares of the company’s stock were exchanged, compared to its average volume of 230,248. Continental Building Products has a 52-week low of $23.09 and a 52-week high of $39.60. The firm has a market cap of $976.89 million, a PE ratio of 13.72, a P/E/G ratio of 3.74 and a beta of 1.34. The company has a quick ratio of 2.57, a current ratio of 3.09 and a debt-to-equity ratio of 0.80.

Continental Building Products (NYSE:CBPX) last issued its quarterly earnings results on Thursday, May 2nd. The construction company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.08. Continental Building Products had a return on equity of 22.53% and a net margin of 14.35%. The company had revenue of $122.03 million for the quarter, compared to analyst estimates of $116.07 million. During the same quarter in the prior year, the company posted $0.36 EPS. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. Equities research analysts anticipate that Continental Building Products will post 2.12 EPS for the current year.

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