Stephens analyst Trey Grooms reiterated a Hold rating on Continental Building Products (NYSE: CBPX) yesterday and set a price target of $41. The company’s shares closed yesterday at $36.25, close to its 52-week high of $36.95.
According to TipRanks.com, Grooms is a 2-star analyst with an average return of 1.9% and a 47.3% success rate. Grooms covers the Industrial Goods sector, focusing on stocks such as Builders Firstsource, BMC Stock Holdings, and TopBuild Corp.
Continental Building Products has an analyst consensus of Moderate Buy, with a price target consensus of $36.50, representing a 0.7% upside. In a report issued on August 2, Jefferies also reiterated a Hold rating on the stock with a $35 price target.
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Based on Continental Building Products’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $21.9 million. In comparison, last year the company had a net profit of $12.4 million.
Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is neutral on the stock.
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Continental Building Products, Inc. engages in manufacturing and supplies of gypsum wallboard and complementary finishing products. It provides wallboard and joint compound materials for the building and construction of residential houses and commercial buildings. The company operates through the following segments: Wallboard and Other.
