Investment analysts at Raymond James Financial began coverage on shares of Continental Building Products (NYSE:CBPX) in a research note issued on Tuesday, Marketbeat.com reports. The firm set a “market perform” rating on the construction company’s stock.

CBPX has been the subject of a number of other research reports. Barclays upgraded shares of Continental Building Products from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $27.00 to $33.00 in a report on Friday, January 5th. Royal Bank of Canada reiterated a “buy” rating and issued a $30.00 price objective on shares of Continental Building Products in a report on Wednesday, November 15th. SunTrust Banks lowered shares of Continental Building Products from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Zacks Investment Research lowered shares of Continental Building Products from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Finally, Citigroup dropped their price objective on shares of Continental Building Products from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Tuesday, February 27th. Five research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Continental Building Products currently has a consensus rating of “Buy” and a consensus target price of $30.29.

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Continental Building Products (NYSE CBPX) opened at $27.45 on Tuesday. The company has a market cap of $1,053.97, a PE ratio of 21.01 and a beta of 1.20. The company has a quick ratio of 2.76, a current ratio of 3.32 and a debt-to-equity ratio of 0.83. Continental Building Products has a fifty-two week low of $21.00 and a fifty-two week high of $31.00.

Continental Building Products (NYSE:CBPX) last issued its quarterly earnings data on Thursday, February 22nd. The construction company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.08. The business had revenue of $131.39 million during the quarter, compared to analyst estimates of $125.40 million. Continental Building Products had a net margin of 12.23% and a return on equity of 16.58%. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the business earned $0.32 EPS. equities research analysts forecast that Continental Building Products will post 1.69 EPS for the current fiscal year.

Continental Building Products declared that its Board of Directors has initiated a share repurchase plan on Thursday, February 22nd that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the construction company to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

A number of institutional investors have recently added to or reduced their stakes in the business. Pin Oak Investment Advisors Inc. bought a new position in Continental Building Products during the 4th quarter worth approximately $609,000. MetLife Investment Advisors LLC bought a new position in Continental Building Products during the 4th quarter worth approximately $487,000. Macquarie Group Ltd. raised its holdings in Continental Building Products by 8.0% during the 4th quarter. Macquarie Group Ltd. now owns 2,266,215 shares of the construction company’s stock worth $63,794,000 after purchasing an additional 168,226 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its holdings in Continental Building Products by 154.3% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,983 shares of the construction company’s stock worth $112,000 after purchasing an additional 2,417 shares during the last quarter. Finally, Two Sigma Investments LP raised its holdings in Continental Building Products by 384.0% during the 4th quarter. Two Sigma Investments LP now owns 44,376 shares of the construction company’s stock worth $1,249,000 after purchasing an additional 35,208 shares during the last quarter.

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Continental Building Products Company Profile

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.

Analyst Recommendations for Continental Building Products (NYSE:CBPX)

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