Concrete Pumping (BBCP) Now Covered by Analysts at Stifel Nicolaus

Stock analysts at Stifel Nicolaus began coverage on shares of Concrete Pumping (NASDAQ:BBCP) in a report released on Thursday, MarketBeat reports. The brokerage set a “buy” rating and a $9.00 price target on the stock. Stifel Nicolaus’ target price suggests a potential upside of 67.91% from the stock’s previous close.

A number of other research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Concrete Pumping from a “hold” rating to a “sell” rating in a research report on Wednesday. William Blair assumed coverage on shares of Concrete Pumping in a research report on Friday, May 17th. They set an “outperform” rating and a $5.31 target price on the stock. ValuEngine lowered shares of Concrete Pumping from a “hold” rating to a “sell” rating in a research report on Wednesday, May 15th. Finally, Robert W. Baird started coverage on shares of Concrete Pumping in a research report on Monday, May 13th. They set an “outperform” rating and a $7.00 price target on the stock. Two investment analysts have rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $8.33.

Shares of NASDAQ:BBCP opened at $5.36 on Thursday. Concrete Pumping has a 12-month low of $4.39 and a 12-month high of $15.25. The company has a market cap of $154.62 million, a price-to-earnings ratio of 2.17 and a beta of 0.36. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt-to-equity ratio of 1.30.

In other news, Director John M. Piecuch purchased 8,990 shares of Concrete Pumping stock in a transaction that occurred on Monday, May 13th. The shares were acquired at an average price of $5.03 per share, for a total transaction of $45,219.70. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Argand Partners, Lp purchased 1,625,000 shares of Concrete Pumping stock in a transaction that occurred on Tuesday, May 14th. The shares were purchased at an average price of $4.50 per share, for a total transaction of $7,312,500.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 1,861,716 shares of company stock worth $8,396,072 in the last quarter.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Citigroup Inc. acquired a new stake in shares of Concrete Pumping during the 1st quarter worth approximately $35,000. ExodusPoint Capital Management LP acquired a new stake in shares of Concrete Pumping during the 1st quarter worth approximately $137,000. BlueCrest Capital Management Ltd acquired a new stake in shares of Concrete Pumping during the 1st quarter worth approximately $193,000. Millennium Management LLC acquired a new stake in shares of Concrete Pumping during the 4th quarter worth approximately $688,000. Finally, Owl Creek Asset Management L.P. acquired a new stake in shares of Concrete Pumping during the 4th quarter worth approximately $15,689,000. Institutional investors and hedge funds own 7.86% of the company’s stock.

About Concrete Pumping

Concrete Pumping Holdings, Inc provides concrete pumping and concrete waste management services. The company offers concrete pumping services under the Brundage-Bone brand and concrete waste management services under the Eco-Pan brand in the United States; and concrete pumping services under the Camfaud brand in the United Kingdom.

Further Reading: Analyst Ratings Trading

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