Jefferies Group Weighs in on Crh Plc’s FY2017 Earnings (CRH)

Crh Plc (NYSE:CRH) – Equities researchers at Jefferies Group increased their FY2017 earnings per share estimates for shares of CRH in a report released on Monday. Jefferies Group analyst J. Jordan now expects that the construction company will earn $2.02 per share for the year, up from their previous forecast of $1.92. Jefferies Group also issued estimates for CRH’s FY2018 earnings at $2.48 EPS and FY2019 earnings at $2.83 EPS.

CRH has been the topic of a number of other research reports. BNP Paribas upgraded shares of CRH from an “underperform” rating to a “neutral” rating in a research note on Thursday, January 25th. Morgan Stanley upgraded shares of CRH from an “equal weight” rating to an “overweight” rating in a research note on Friday, November 17th. Finally, Zacks Investment Research lowered shares of CRH from a “hold” rating to a “sell” rating in a research note on Tuesday, November 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $36.25.

CRH (NYSE CRH) opened at $33.19 on Wednesday. CRH has a 52 week low of $32.82 and a 52 week high of $39.32. The company has a quick ratio of 1.10, a current ratio of 1.60 and a debt-to-equity ratio of 0.57.

Several large investors have recently made changes to their positions in CRH. Tower Research Capital LLC TRC grew its position in shares of CRH by 781.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,791 shares of the construction company’s stock worth $134,000 after purchasing an additional 3,361 shares in the last quarter. Advisor Group Inc. grew its position in shares of CRH by 38.6% during the 2nd quarter. Advisor Group Inc. now owns 4,520 shares of the construction company’s stock worth $160,000 after purchasing an additional 1,259 shares in the last quarter. Glovista Investments LLC acquired a new position in shares of CRH during the 3rd quarter worth approximately $204,000. SG Americas Securities LLC acquired a new position in shares of CRH during the 3rd quarter worth approximately $271,000. Finally, Financial Counselors Inc. acquired a new position in shares of CRH during the 3rd quarter worth approximately $303,000. Hedge funds and other institutional investors own 3.41% of the company’s stock.

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About CRH

CRH public limited company (CRH plc) is a building materials company. The Company’s segments include Europe Heavyside, Europe Lightside, Europe Distribution, Americas Materials, Americas Products and Asia. Europe Heavyside segment is engaged in the manufacturing and supply of aggregates, asphalt, cement, readymixed and precast concrete and landscaping products.

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