Somewhat Positive News Coverage Somewhat Unlikely to Impact Continental Building Products (CBPX) Stock Price
Media coverage about Continental Building Products (NYSE:CBPX) has been trending somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Continental Building Products earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave news headlines about the construction company an impact score of 47.0574645384002 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Several research analysts recently weighed in on the stock. SunTrust Banks downgraded shares of Continental Building Products from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Zacks Investment Research raised shares of Continental Building Products from a “sell” rating to a “hold” rating in a research note on Tuesday, January 30th. Citigroup dropped their price objective on shares of Continental Building Products from $13.00 to $11.50 and set a “neutral” rating for the company in a research note on Thursday, January 25th. Barclays raised shares of Continental Building Products from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $27.00 to $33.00 in a research note on Friday, January 5th. Finally, Jefferies Group began coverage on shares of Continental Building Products in a research note on Tuesday, December 12th. They set a “hold” rating and a $28.00 price objective for the company. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. Continental Building Products has a consensus rating of “Hold” and an average price target of $26.42.
Continental Building Products (NYSE:CBPX) traded up $0.15 during midday trading on Friday, hitting $26.15. 359,659 shares of the stock were exchanged, compared to its average volume of 216,784. Continental Building Products has a one year low of $21.00 and a one year high of $31.00. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.46 and a current ratio of 3.11. The firm has a market cap of $991.94, a P/E ratio of 21.26 and a beta of 1.20.
COPYRIGHT VIOLATION WARNING: This news story was originally published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this news story on another site, it was stolen and republished in violation of United States and international copyright law. The original version of this news story can be read at https://theolympiareport.com/2018/02/10/somewhat-positive-news-coverage-somewhat-unlikely-to-impact-continental-building-products-cbpx-stock-price.html.
Continental Building Products, Inc is a manufacturer of gypsum wallboard and complementary finishing products. The Company operates through wallboard segment. Gypsum wallboard is a primary building material used in residential and commercial construction and in repair and remodel (R&R). It offers customers a range of gypsum wallboard products, including LiftLite, its lightweight product designed to lift and install; its Mold Defense line of products designed for protection against mold and mildew, and its Weather Defense line of moisture and mold-resistant exterior sheathing.
Receive News & Ratings for Continental Building Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Continental Building Products and related companies with MarketBeat.com's FREE daily email newsletter.