Somewhat Favorable News Coverage Somewhat Unlikely to Affect Continental Building Products (CBPX) Stock Price

Press coverage about Continental Building Products (NYSE:CBPX) has been trending somewhat positive this week, Accern reports. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Continental Building Products earned a news impact score of 0.16 on Accern’s scale. Accern also assigned news headlines about the construction company an impact score of 47.2884947639283 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the headlines that may have effected Accern Sentiment’s rankings:

CBPX traded up $0.35 during trading on Tuesday, reaching $38.25. The company had a trading volume of 5,338 shares, compared to its average volume of 315,455. The company has a debt-to-equity ratio of 0.79, a quick ratio of 3.21 and a current ratio of 3.86. Continental Building Products has a 12 month low of $21.40 and a 12 month high of $38.30. The firm has a market cap of $1.39 billion, a P/E ratio of 28.65, a PEG ratio of 0.63 and a beta of 1.12.

Continental Building Products (NYSE:CBPX) last announced its quarterly earnings results on Thursday, August 2nd. The construction company reported $0.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.15. Continental Building Products had a net margin of 14.04% and a return on equity of 19.57%. The firm had revenue of $139.27 million for the quarter, compared to analyst estimates of $130.37 million. During the same quarter in the previous year, the firm posted $0.32 earnings per share. The business’s revenue was up 15.5% on a year-over-year basis. sell-side analysts anticipate that Continental Building Products will post 2 earnings per share for the current fiscal year.

CBPX has been the topic of a number of research reports. Barclays lifted their price target on shares of Continental Building Products from $33.00 to $39.00 and gave the company a “buy” rating in a research note on Friday, August 3rd. ValuEngine raised shares of Continental Building Products from a “hold” rating to a “buy” rating in a research note on Tuesday, August 7th. SunTrust Banks reaffirmed a “hold” rating and issued a $31.00 price target on shares of Continental Building Products in a research note on Friday, August 3rd. Jefferies Financial Group reaffirmed a “hold” rating and issued a $35.00 price target on shares of Continental Building Products in a research note on Friday, August 3rd. Finally, Zacks Investment Research raised shares of Continental Building Products from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research note on Wednesday, August 8th. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $35.89.

In other news, VP David Bruce Briggs sold 3,350 shares of the business’s stock in a transaction on Thursday, June 7th. The shares were sold at an average price of $31.35, for a total value of $105,022.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Dennis Romps sold 10,000 shares of the business’s stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $36.20, for a total transaction of $362,000.00. Following the completion of the sale, the senior vice president now directly owns 31,265 shares in the company, valued at approximately $1,131,793. The disclosure for this sale can be found here. Insiders own 0.52% of the company’s stock.

About Continental Building Products

Continental Building Products, Inc manufactures and sells gypsum wallboard and complementary finishing products in the eastern United States and eastern Canada. The company sells its products to gypsum wallboard distributors, buying groups, wholesalers, and mass merchants in the new residential, repair and remodel, and commercial construction markets under the LiftLite, Mold Defense, and Weather Defense brand names.

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