Eagle Materials Inc (EXP) has been under a strong bear grip, hence the stock is down -4.3% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.89% in the past 1 week. The stock has risen by 1.06% in the past week indicating that the buyers are active at lower levels, but the stock is down -4.81% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.31% and the 50-Day Moving Average is 3.95%.The 200 Day SMA reached 9.26%
Eagle Materials Inc (NYSE:EXP): The stock opened in the green at $77.98 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $78.83 and a low of $76.8 for the day. The stock did not find buyers even at the lows and closed at $77.3 recording a loss of -1.30%. 736,029 shares exchanged hands during the trading day. The stock had closed at $77.3 in the previous days trading.
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.
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.