Continental Building Products Inc (CBPX) is Reiterated by Barclays to Overweight, Raises Price Target to $ 24

Continental Building Products Inc (CBPX) was Reiterated by Barclays to “Overweight” according to the research note released today. The brokerage firm has raised the Price Target to $ 24 from a previous price target of $22 . Barclays advised their investors in a research report released on Jun 2, 2016.

Many Wall Street Analysts have commented on Continental Building Products Inc. Company shares were Reiterated by RBC Capital Mkts on May 11, 2016 to “Outperform”, Firm has raised the Price Target to $ 25 from a previous price target of $22 .Continental Building Products Inc was Initiated by Longbow to “Neutral” on May 5, 2016. Company shares were Reiterated by RBC Capital Mkts on Mar 16, 2016 to “Outperform”, Firm has raised the Price Target to $ 20 from a previous price target of $18 .

On the company’s financial health, Continental Building Products Inc reported $0.30 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on May 9, 2016. Analyst had a consensus of $0.16. The company had revenue of $111.49 million for the quarter, compared to analysts expectations of $99.28 million. The company’s revenue was up 20.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 EPS.

Continental Building Products Inc opened for trading at $22.89 and hit $23.18 on the upside on Wednesday, eventually ending the session at $23.06, with a gain of 0.65% or 0.15 points. The heightened volatility saw the trading volume jump to 7,32,627 shares. Company has a market cap of $939 M.

In a different news, on May 16, 2016, Edward M Bosowski (director) purchased 2,500 shares at $21.06 per share price. According to the SEC, on Dec 4, 2015, James W Bachmann (CEO) purchased 5,610 shares at $18.24 per share price. On Nov 13, 2015, David Richard Obergefell (Senior VP Manufacturing) purchased 3,000 shares at $18.35 per share price, according to the Form-4 filing with the securities and exchange commission.

Continental Building Products Inc. is a manufacturer of gypsum wallboard and complementary finishing products. The Company’s manufacturing facilities and sales efforts are concentrated in the eastern United States and eastern Canada. Gypsum wallboard is a primary building material used in new residential and commercial construction and in repair and remodel (R&R). The Company offers its customers a range of gypsum wallboard products including LiftLite a lightweight wallboard for use on interior walls; Mold Defense line of products designed for enhanced protection against mold and mildew and Weather Defense line of moisture and mold-resistant exterior sheathing. The Company’s wallboard product offerings include LiftLite Firecheck Mold Defense and Rapid Coat. The Company operates its automated manufacturing facilities in Silver Grove (Kentucky) Palatka (Florida) and Buchanan (New York).

Continental Building Products Inc

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