Brokerage Firm Rating Update on Eagle Materials Inc (EXP)

Eagle Materials Inc (EXP) has an average broker rating of 2, which is interpreted as a Buy, as rated by 4 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy.

Eagle Materials Inc (EXP) : 3 Wall Street analysts covering Eagle Materials Inc (EXP) believe that the average level the stock could reach for the short term is $90.67. The maximum price target given is $100 and the minimum target for short term is around $80, hence the standard deviation is calculated at $10.07.


For the current week, the company shares have a recommendation consensus of Buy. Also, Equity analysts at the Brokerage firm CL King downgrades its rating on Eagle Materials Inc (NYSE:EXP). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Strong Buy by the brokerage firm. The rating by the firm was issued on July 26, 2016.

Eagle Materials Inc (NYSE:EXP): stock was range-bound between the intraday low of $79.39 and the intraday high of $81.155 after having opened at $80.36 on Wednesdays session. The stock finally closed in the red at $80.36, a loss of -0.32%. The stock remained in the red for the whole trading day. The total traded volume was 440,222 shares. The stock failed to cross $81.155 in Wednesdays trading. The stocks closing price on Thursday was $80.49.

Eagle Materials Inc. manufactures and distributes gypsum wallboard and also manufactures and sells cement. Gypsum wallboard is distributed throughout the United States, in the geographic markets nearest to its production facilities. The Company sells cement in six regional markets, including northern Nevada and California, the greater Chicago area, the Rocky Mountain region, the Central Plains region and Texas. Its gypsum wallboard business is supported by its recycled paperboard business, while its cement business is supported by its concrete and aggregates business. The Company operates six cement plants, five gypsum wallboard plants, one recycled paperboard plant, seventeen concrete batching plants, four aggregates facilities and one frac sand processing and drying plant. The Company operates in two business segments: Cement and Concrete and Aggregates, and Gypsum Wallboard and Recycled Paperboard.

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