Stifel Nicolaus Thinks Eagle Materials Inc’s Stock is Going to Recover


In a report released yesterday, Stanley Elliott from Stifel Nicolaus reiterated a Buy rating on Eagle Materials Inc (EXP), with a price target of $100. The company’s shares closed yesterday at $61.40, close to its 52-week low of $60.36.

According to TipRanks.com, Elliott is a 5-star analyst with an average return of 9.4% and a 62.5% success rate. Elliott covers the Industrial Goods sector, focusing on stocks such as Astec Industries, Generac Holdings, and Oshkosh Corp.

Currently, the analyst consensus on Eagle Materials Inc is a Strong Buy with an average price target of $104.40.

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Eagle Materials Inc’s market cap is currently $2.9B and has a P/E ratio of 10.68. The company has a Price to Book ratio of 2.02.

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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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