Barclays Keeps a Hold Rating on Cornerstone Building Brands Inc (CNR)
Barclays analyst Matthew Bouley maintained a Hold rating on Cornerstone Building Brands Inc (CNR) on August 8 and set a price target of $5. The company’s shares closed on Friday at $4.07, close to its 52-week low of $4.06.
According to TipRanks.com, Bouley is a 4-star analyst with an average return of 7.5% and a 56.0% success rate. Bouley covers the Industrial Goods sector, focusing on stocks such as Continental Building Products, Advanced Drainage Systems, and Builders Firstsource.
Cornerstone Building Brands Inc has an analyst consensus of Hold, with a price target consensus of $5.
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Based on Cornerstone Building Brands Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $17.26 million. In comparison, last year the company had a net profit of $35.77 million.
Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CNR in relation to earlier this year.
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Cornerstone Building Brands, Inc. engages in the designing, engineering, manufacturing and marketing external building products for the commercial, residential, and repair & remodel construction industries. It operates through the following segments: Commercial, Siding, and Windows.