Continental Building Products, Inc. (NYSE:CBPX) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Thursday.

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. “

CBPX has been the topic of a number of other reports. Royal Bank Of Canada reiterated a “buy” rating and issued a $30.00 price target on shares of Continental Building Products in a report on Wednesday. BidaskClub upgraded shares of Continental Building Products from a “hold” rating to a “buy” rating in a report on Friday, November 3rd. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $30.00 price target on shares of Continental Building Products in a report on Monday, October 2nd. Finally, Barclays PLC lifted their price target on shares of Continental Building Products from $25.00 to $27.00 and gave the company an “equal weight” rating in a report on Friday, November 10th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Continental Building Products presently has an average rating of “Buy” and a consensus target price of $28.25.

Shares of Continental Building Products (NYSE CBPX) traded up $0.35 during midday trading on Thursday, reaching $26.90. 409,175 shares of the company’s stock were exchanged, compared to its average volume of 349,406. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.46 and a current ratio of 3.11. The company has a market cap of $1,012.65, a P/E ratio of 21.65 and a beta of 1.28. Continental Building Products has a one year low of $21.00 and a one year high of $27.95.

Continental Building Products (NYSE:CBPX) last announced its quarterly earnings results on Thursday, November 9th. The construction company reported $0.29 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.29. The company had revenue of $116.50 million for the quarter, compared to the consensus estimate of $121.08 million. Continental Building Products had a net margin of 10.13% and a return on equity of 15.80%. Continental Building Products’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.25 EPS. equities analysts anticipate that Continental Building Products will post 1.27 earnings per share for the current fiscal year.

WARNING: “Continental Building Products, Inc. (CBPX) Stock Rating Upgraded by Zacks Investment Research” was originally reported by Daily Political and is the property of of Daily Political. If you are reading this news story on another domain, it was illegally stolen and republished in violation of United States & international copyright and trademark legislation. The original version of this news story can be viewed at https://www.dailypolitical.com/2017/11/16/continental-building-products-inc-cbpx-stock-rating-upgraded-by-zacks-investment-research.html.

Several institutional investors have recently bought and sold shares of CBPX. FMR LLC increased its holdings in shares of Continental Building Products by 433.0% in the 2nd quarter. FMR LLC now owns 734,320 shares of the construction company’s stock worth $17,110,000 after buying an additional 596,547 shares during the last quarter. Macquarie Group Ltd. increased its holdings in shares of Continental Building Products by 31.3% in the 2nd quarter. Macquarie Group Ltd. now owns 1,917,771 shares of the construction company’s stock worth $44,684,000 after buying an additional 456,769 shares during the last quarter. Westwood Holdings Group Inc. increased its holdings in shares of Continental Building Products by 50.4% in the 2nd quarter. Westwood Holdings Group Inc. now owns 832,985 shares of the construction company’s stock worth $19,408,000 after buying an additional 279,193 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Continental Building Products in the 3rd quarter worth about $7,223,000. Finally, Prudential Financial Inc. increased its holdings in shares of Continental Building Products by 27.1% in the 2nd quarter. Prudential Financial Inc. now owns 1,281,552 shares of the construction company’s stock worth $29,860,000 after buying an additional 273,192 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

About Continental Building Products

Continental Building Products, Inc is a manufacturer of gypsum wallboard and complementary finishing products. The Company operates through wallboard segment. Gypsum wallboard is a primary building material used in residential and commercial construction and in repair and remodel (R&R). It offers customers a range of gypsum wallboard products, including LiftLite, its lightweight product designed to lift and install; its Mold Defense line of products designed for protection against mold and mildew, and its Weather Defense line of moisture and mold-resistant exterior sheathing.

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