SunTrust Robinson Reaffirms Their Hold Rating on Continental Building Products (CBPX)
In a report released yesterday, Keith Hughes from SunTrust Robinson reiterated a Hold rating on Continental Building Products (NYSE: CBPX), with a price target of $31. The company’s shares opened today at $33.45, close to its 52-week high of $34.90.
According to TipRanks.com, Hughes is a 5-star analyst with an average return of 20.5% and a 68.4% success rate. Hughes covers the Industrial Goods sector, focusing on stocks such as Armstrong Ind, TopBuild Corp, and JELD-WEN Inc.
Continental Building Products has an analyst consensus of Hold, with a price target consensus of $34, representing a 1.6% upside. In a report issued on July 20, Jefferies also reiterated a Hold rating on the stock with a $33 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.