The biggest gainers of the session on the Wall Street include Continental Building Products, Inc. (NYSE:CBPX), which rose 0.96 points or 3.71% to trade at $26.86 as last check. The stock closed last session at $25.9 and sets an active trading volume day with a reported 164676 contracts so far this session. CBPX shares had a relatively better volume day versus average trading capacity of 223.86 thousand shares, but with a 34.43 million float and a 3.93% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for CBPX stock indicates that the average analyst price target is $24.8 per share. This means the stock has a potential decrease of -7.67% from where the CBPX share price has been trading recently which is between $25.02 and $25.91. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $23.
The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “Is It Time To Consider Buying Continental Building Products, Inc. (NYSE:CBPX)?” and dated September 02, 2019.
During the recent trading session for Continental Building Products, Inc. (NYSE:CBPX), the company witnessed their stock rise $2.58 over a week and surge $3.11 from the price 20 days ago. When compared to their established 52-week high of $38.95, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 09/13/18. The recent low of $21.35 stood for a -31.04% since 08/02/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 1.27 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Continental Building Products, Inc., the two-week RSI stands at 67.87. This figure suggests that CBPX stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current CBPX readings is similarly very revealing as it has a stochastic reading of 96.18% at this stage. This figure means that CBPX share price today is being oversold.
Technical chart claims that Continental Building Products, Inc. (CBPX) would settle between $26.2/share to $26.5/share level. However, if the stock price goes below the $25.31 mark, then the market for Continental Building Products, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $24.72 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 0.81. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at RBC Capital Mkts lowered their recommendation on shares of CBPX from Outperform to Sector Perform in their opinion released on April 17. Raymond James analysts have lowered their rating of Continental Building Products, Inc. (NYSE:CBPX) stock from Strong Buy to Mkt Perform in a separate flash note issued to investors on January 23. Analysts at Raymond James released an upgrade from Mkt Perform to Strong Buy for the stock, in a research note that dated back to August 06.
CBPX equity has an average rating of 3, with the figure leaning towards a bullish end. 7 analysts who tracked the company were contacted by Reuters. Amongst them, 7 rated the stock as a hold while the remaining 0 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 0 analysts rated Continental Building Products, Inc. (NYSE:CBPX) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, CBPX stock price is currently trading at 14.53X forward 12-month Consensus EPS estimates, and its P/E ratio is 13.56 while for the average stock in the same group, the multiple is 14.99. Continental Building Products, Inc. current P/B ratio of 2.68 means it is trading at a premium against its industry’s 1.8.
Continental Building Products, Inc. (CBPX)’s current-quarter revenues are projected to climb by nearly -5.4% to hit $124140, based on current Zacks Consensus Estimate. The firm’s full-year revenues are expected to expand by over -3.97% from $528060 to a noteworthy $507080. At the other end of the current quarter income statement, Continental Building Products, Inc. is expected to see its adjusted earnings surge by roughly -28% to hit $0.36 per share. For the fiscal year, CBPX’s earnings are projected to climb by roughly -17.82% to hit $1.66 per share.