In a report released today, Scott Schrier from Citigroup maintained a Buy rating on Eagle Materials Inc (EXP), with a price target of $79. The company’s shares opened today at $61.71, close to its 52-week low of $57.
According to TipRanks.com, Schrier is a 1-star analyst with an average return of -4.7% and a 26.5% success rate. Schrier covers the Consumer Goods sector, focusing on stocks such as Green Brick Partners, Taylor Morrison, and William Lyon.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Eagle Materials Inc with a $99 average price target, which is a 60.4% upside from current levels. In a report released yesterday, D.A. Davidson also maintained a Buy rating on the stock with a $90 price target.
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Based on Eagle Materials Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $72.6 million. In comparison, last year the company had a net profit of $101 million.
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Eagle Materials, Inc. engaged in the manufacture and distribution of gypsum wallboard and cement. It operates through the following segments: Cement, Gypsum Wallboard, Recycled Paperboard, Oil and Gas Proppants, and Concrete and Aggregates.
