ValuEngine downgraded shares of Continental Building Products (NYSE:CBPX) from a hold rating to a sell rating in a report published on Wednesday.

Several other equities research analysts have also commented on the stock. Raymond James dropped their price target on shares of Continental Building Products from $40.00 to $36.00 and set a buy rating on the stock in a research note on Wednesday, October 24th. Barclays set a $35.00 price objective on shares of Continental Building Products and gave the company a buy rating in a report on Wednesday, December 12th. Citigroup decreased their price objective on shares of Continental Building Products from $36.00 to $33.00 and set a hold rating for the company in a report on Monday, November 12th. Stephens set a $31.00 price objective on shares of Continental Building Products and gave the company a hold rating in a report on Thursday, October 25th. Finally, Zacks Investment Research upgraded shares of Continental Building Products from a hold rating to a buy rating and set a $29.00 price objective for the company in a report on Tuesday, January 8th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. Continental Building Products presently has a consensus rating of Hold and an average price target of $33.00.

Shares of NYSE:CBPX opened at $25.98 on Wednesday. Continental Building Products has a 52 week low of $24.13 and a 52 week high of $39.60. The company has a market capitalization of $964.15 million, a price-to-earnings ratio of 19.53, a PEG ratio of 0.81 and a beta of 1.45. The company has a current ratio of 4.01, a quick ratio of 3.32 and a debt-to-equity ratio of 0.75.

Continental Building Products (NYSE:CBPX) last announced its quarterly earnings results on Thursday, November 8th. The construction company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.47 by $0.03. Continental Building Products had a net margin of 15.10% and a return on equity of 21.14%. The company had revenue of $131.20 million for the quarter, compared to analyst estimates of $124.65 million. During the same quarter last year, the business earned $0.29 earnings per share. Continental Building Products’s revenue was up 12.6% compared to the same quarter last year. Sell-side analysts predict that Continental Building Products will post 2.07 EPS for the current year.

In other Continental Building Products news, Director Edward M. Bosowski bought 1,500 shares of Continental Building Products stock in a transaction that occurred on Friday, November 16th. The stock was purchased at an average cost of $29.28 per share, for a total transaction of $43,920.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.52% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc boosted its holdings in Continental Building Products by 2.9% during the third quarter. Vanguard Group Inc now owns 4,829,264 shares of the construction company’s stock worth $181,339,000 after buying an additional 135,931 shares in the last quarter. Federated Investors Inc. PA boosted its holdings in Continental Building Products by 15,441.4% during the third quarter. Federated Investors Inc. PA now owns 333,519 shares of the construction company’s stock worth $12,523,000 after buying an additional 331,373 shares in the last quarter. Clearbridge Investments LLC boosted its holdings in Continental Building Products by 951,920.0% during the third quarter. Clearbridge Investments LLC now owns 476,010 shares of the construction company’s stock worth $17,874,000 after buying an additional 475,960 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Continental Building Products by 2.9% during the third quarter. Vanguard Group Inc. now owns 4,829,264 shares of the construction company’s stock worth $181,339,000 after buying an additional 135,931 shares in the last quarter. Finally, Morgan Stanley boosted its holdings in Continental Building Products by 229.3% during the third quarter. Morgan Stanley now owns 294,767 shares of the construction company’s stock worth $11,068,000 after buying an additional 205,242 shares in the last quarter. Hedge funds and other institutional investors own 98.57% of the company’s stock.

Continental Building Products Company Profile

Continental Building Products, Inc manufactures and sells gypsum wallboard and complementary finishing products in the eastern United States and eastern Canada. The company sells its products to gypsum wallboard distributors, buying groups, wholesalers, and mass merchants in the new residential, repair and remodel, and commercial construction markets under the LiftLite, Mold Defense, and Weather Defense brand names.

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Analyst Recommendations for Continental Building Products (NYSE:CBPX)

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