Eagle Materials (NYSE:EXP) PT Set at $101.00 by Stifel Nicolaus

Eagle Materials (NYSE:EXP) has been assigned a $101.00 target price by stock analysts at Stifel Nicolaus in a report released on Wednesday, TipRanks reports. The firm presently has a “buy” rating on the construction company’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 23.25% from the company’s current price.

EXP has been the subject of a number of other reports. DA Davidson cut shares of Eagle Materials from a “buy” rating to a “neutral” rating and set a $83.50 price target for the company. in a report on Tuesday, April 2nd. Citigroup lifted their price objective on shares of Eagle Materials from $101.00 to $105.00 and gave the company a “buy” rating in a report on Friday, May 17th. TheStreet cut shares of Eagle Materials from a “b” rating to a “c+” rating in a report on Friday, May 17th. Berenberg Bank assumed coverage on shares of Eagle Materials in a report on Wednesday, April 3rd. They set a “buy” rating and a $103.00 price objective for the company. Finally, Northcoast Research cut shares of Eagle Materials from a “neutral” rating to a “sell” rating and set a $76.00 price objective for the company. in a report on Monday, July 1st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $93.88.

NYSE:EXP traded up $0.65 during trading hours on Wednesday, reaching $81.95. The company had a trading volume of 354,258 shares, compared to its average volume of 656,603. The company has a current ratio of 2.38, a quick ratio of 0.85 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of 16.23, a price-to-earnings-growth ratio of 1.65 and a beta of 1.29. The stock has a 50-day moving average price of $87.73. Eagle Materials has a twelve month low of $57.00 and a twelve month high of $102.05.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings results on Tuesday, July 30th. The construction company reported $1.13 EPS for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.27). The company had revenue of $370.60 million during the quarter, compared to analyst estimates of $376.95 million. Eagle Materials had a return on equity of 17.82% and a net margin of 4.94%. The company’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.38 earnings per share. As a group, equities analysts predict that Eagle Materials will post 5.36 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Penserra Capital Management LLC bought a new position in shares of Eagle Materials during the first quarter valued at about $31,000. Amundi Pioneer Asset Management Inc. bought a new position in shares of Eagle Materials during the fourth quarter valued at about $95,000. Quadrant Capital Group LLC lifted its position in shares of Eagle Materials by 294.6% during the first quarter. Quadrant Capital Group LLC now owns 1,180 shares of the construction company’s stock valued at $97,000 after purchasing an additional 881 shares in the last quarter. NN Investment Partners Holdings N.V. bought a new position in shares of Eagle Materials during the second quarter valued at about $174,000. Finally, Coldstream Capital Management Inc. bought a new position in shares of Eagle Materials during the first quarter valued at about $207,000. Hedge funds and other institutional investors own 95.66% of the company’s stock.

Eagle Materials Company Profile

Eagle Materials Inc, through its subsidiaries, produces and supplies heavy construction materials, light building materials, and materials used for oil and natural gas extraction in the United States. It operates in five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants.

Featured Story: Equal Weight Rating

Analyst Recommendations for Eagle Materials (NYSE:EXP)

Receive News & Ratings for Eagle Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eagle Materials and related companies with MarketBeat.com's FREE daily email newsletter.