Somewhat Positive Media Coverage Somewhat Unlikely to Impact Continental Building Products (CBPX) Stock Price
Headlines about Continental Building Products (NYSE:CBPX) have been trending somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Continental Building Products earned a daily sentiment score of 0.18 on Accern’s scale. Accern also gave media headlines about the construction company an impact score of 46.0049314643748 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
CBPX has been the subject of a number of research analyst reports. BidaskClub upgraded Continental Building Products from a “sell” rating to a “hold” rating in a report on Saturday, September 2nd. Zacks Investment Research upgraded Continental Building Products from a “sell” rating to a “hold” rating in a research note on Thursday, November 16th. Barclays PLC lifted their price objective on Continental Building Products from $25.00 to $27.00 and gave the company an “equal weight” rating in a research note on Friday, November 10th. Royal Bank Of Canada reiterated a “buy” rating and issued a $30.00 price objective on shares of Continental Building Products in a research note on Wednesday, November 15th. Finally, SunTrust Banks, Inc. reiterated a “buy” rating and issued a $30.00 price objective on shares of Continental Building Products in a research note on Monday, October 2nd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $28.25.
Continental Building Products (CBPX) opened at $27.55 on Thursday. The company has a debt-to-equity ratio of 0.88, a current ratio of 3.11 and a quick ratio of 2.46. The stock has a market capitalization of $1,040.00, a PE ratio of 22.18 and a beta of 1.28. Continental Building Products has a 52 week low of $21.00 and a 52 week high of $27.95.
Continental Building Products (NYSE:CBPX) last announced its quarterly earnings data on Thursday, November 9th. The construction company reported $0.29 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.29. The business had revenue of $116.50 million during the quarter, compared to analysts’ expectations of $121.08 million. Continental Building Products had a return on equity of 15.80% and a net margin of 10.13%. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.25 EPS. sell-side analysts expect that Continental Building Products will post 1.25 earnings per share for the current fiscal year.
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.
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