Price Action To Observe: How Analysts Feel About Continental Building Products Inc After Today’s Huge Decline?

Price Action To Observe: How Analysts Feel About Continental Building Products Inc After Today's Huge Decline?

The stock of Continental Building Products Inc (NYSE:CBPX) is a huge mover today! About 771,648 shares traded hands or 196.04% up from the average. Continental Building Products Inc (NYSE:CBPX) has risen 7.84% since April 6, 2016 and is uptrending. It has outperformed by 5.89% the S&P500.
The move comes after 5 months negative chart setup for the $796.63M company. It was reported on Nov, 8 by Barchart.com. We have $18.18 PT which if reached, will make NYSE:CBPX worth $55.76M less.

Continental Building Products Inc (NYSE:CBPX) Ratings Coverage

Out of 7 analysts covering Continental Building Products (NYSE:CBPX), 4 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 57% are positive. Continental Building Products has been the topic of 16 analyst reports since August 23, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the stock with “Outperform” rating in Wednesday, May 11 report. The stock of Continental Building Products Inc (NYSE:CBPX) earned “Hold” rating by Deutsche Bank on Tuesday, August 9. As per Sunday, August 23, the company rating was maintained by Deutsche Bank. RBC Capital Markets maintained Continental Building Products Inc (NYSE:CBPX) on Monday, November 2 with “Outperform” rating. Sterne Agee CRT initiated the stock with “Buy” rating in Monday, November 16 report. Deutsche Bank maintained Continental Building Products Inc (NYSE:CBPX) on Tuesday, November 17 with “Hold” rating. The firm has “Neutral” rating given on Thursday, August 4 by Citigroup. Barclays Capital maintained Continental Building Products Inc (NYSE:CBPX) rating on Tuesday, October 13. Barclays Capital has “Overweight” rating and $28 price target. The stock of Continental Building Products Inc (NYSE:CBPX) has “Outperform” rating given on Tuesday, February 23 by RBC Capital Markets. The firm has “Hold” rating by BB&T Capital given on Monday, October 12.

According to Zacks Investment Research, “Continental Building Products, Inc. is a manufacturer of gypsum wallboard, joint compound and complementary finishing products. It serves the residential, commercial and repair and remodel construction markets primarily in the eastern United States and eastern Canada. The company sells its products under the LiftLite, Mold Defense and Weather Defense names. Continental Building Products, Inc. is headquartered in Silver Grove, Quebec.”

Insitutional Activity: The institutional sentiment increased to 1.76 in 2016 Q2. Its up 0.04, from 1.72 in 2016Q1. The ratio improved, as 16 funds sold all Continental Building Products Inc shares owned while 39 reduced positions. 35 funds bought stakes while 62 increased positions. They now own 37.55 million shares or 1.42% less from 38.09 million shares in 2016Q1.
Aqr Capital Management Limited Liability Corp holds 145,764 shares or 0.01% of its portfolio. Hanseatic Ser last reported 37 shares in the company. Blackrock Institutional Tru Communication Na last reported 1.14 million shares in the company. Fmr Limited Liability Corporation last reported 0% of its portfolio in the stock. Bogle Investment Mngmt Ltd Partnership De, a Massachusetts-based fund reported 71,318 shares. Legal And General Group Inc Pcl owns 5,176 shares or 0% of their US portfolio. Invesco Limited has invested 0% of its portfolio in Continental Building Products Inc (NYSE:CBPX). Ubs Asset Americas last reported 0% of its portfolio in the stock. The Massachusetts-based Babson Management Ltd Liability Com has invested 0.02% in Continental Building Products Inc (NYSE:CBPX). Adage Prtn Group Limited Liability, a Massachusetts-based fund reported 400,701 shares. Wellington Gp Llp, a Massachusetts-based fund reported 134,603 shares. Vanguard Gru holds 0% or 3.12 million shares in its portfolio. Royal Bancorp Of Canada reported 482,460 shares or 0.01% of all its holdings. Moreover, Sheets Smith Wealth Mngmt has 0.24% invested in Continental Building Products Inc (NYSE:CBPX) for 36,690 shares. Zelman Capital Ltd owns 572,395 shares or 2.26% of their US portfolio.

More important recent Continental Building Products Inc (NYSE:CBPX) news were published by: Businesswire.com which released: “Continental Building Products Sets Date for Third Quarter 2016 Earnings …” on October 05, 2016, also Quotes.Wsj.com published article titled: “News Continental Building Products Inc.CBPX”, Businesswire.com published: “Continental Building Products Announces Successful Refinancing of Term Loan …” on August 18, 2016. More interesting news about Continental Building Products Inc (NYSE:CBPX) was released by: Businesswire.com and their article: “Continental Building Products Announces Plans to Refinance Debt” with publication date: August 03, 2016.

CBPX Company Profile

Continental Building Products, Inc., incorporated on July 26, 2013, is a maker of gypsum wallboard and complementary finishing products. The Company’s segment is wallboard. The Company’s manufacturing facilities and sales efforts are concentrated in the eastern United States and eastern Canada. Gypsum wallboard is a primary building material used in new residential and commercial construction and in repair and remodel (R&R). The Firm makes gypsum wallboard related products for commercial and residential buildings and houses.

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