Eagle Materials Inc (EXP) Received its Third Buy in a Row

After D.A. Davidson and Citigroup gave Eagle Materials Inc (NYSE: EXP) a Buy rating last month, the company received another Buy, this time from Jefferies. Analyst Philip Ng reiterated a Buy rating on Eagle Materials Inc yesterday and set a price target of $91. The company’s shares opened today at $69.38.

According to TipRanks.com, Ng is ranked #494 out of 5126 analysts.

Eagle Materials Inc has an analyst consensus of Strong Buy, with a price target consensus of $92.20.

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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.

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