In a report released yesterday, Trey Grooms from Stephens reiterated a Buy rating on Eagle Materials Inc (EXP), with a price target of $88. The company’s shares closed yesterday at $66.36, close to its 52-week low of $57.
According to TipRanks.com, Grooms ‘ ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -9.8% and a 34.1% success rate. Grooms covers the Industrial Goods sector, focusing on stocks such as Continental Building Products, Installed Building Products, and Masonite International.
Currently, the analyst consensus on Eagle Materials Inc is a Strong Buy with an average price target of $92.60, representing a 39.5% upside. In a report issued on January 2, D.A. Davidson also maintained a Buy rating on the stock with a $90 price target.
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The company has a one-year high of $122.49 and a one-year low of $57. Currently, Eagle Materials Inc has an average volume of 724.2K.
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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.
