Eagle Materials Inc (EXP) Receives Analyst Rating

Eagle Materials Inc (EXP) : The consensus on Eagle Materials Inc (EXP) based on 4 analyst recommendation on the company stock is 2, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Eagle Materials Inc (EXP) : The consensus price target for Eagle Materials Inc (EXP) is $90.67 for the short term with a standard deviation of $10.07. The most optimist securities analyst among the 3 who monitor the stock believes that the stock can reach $100, however, the pessimist price target for the company is $80.


Also, Equity Analysts at the Brokerage Firm, CL King, downgrades their rating on the shares of Eagle Materials Inc (NYSE:EXP). CL King has a Neutral rating on the shares. Previously, the analysts had a Strong Buy rating on the shares. The rating by the firm was issued on July 26, 2016.

Eagle Materials Inc (NYSE:EXP): After opening at $74.57, the stock dipped to an intraday low of $73.78 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $75.72 and the buying power remained strong till the end. The stock closed at $75.58 for the day, a gain of 0.25% for the day session. The total traded volume was 747,226. The stocks close on the previous trading day was $75.39.

Eagle Materials Inc. manufactures and distributes gypsum wallboard and also manufactures and sells cement. Gypsum wallboard is distributed throughout the United States, in the geographic markets nearest to its production facilities. The Company sells cement in six regional markets, including northern Nevada and California, the greater Chicago area, the Rocky Mountain region, the Central Plains region and Texas. Its gypsum wallboard business is supported by its recycled paperboard business, while its cement business is supported by its concrete and aggregates business. The Company operates six cement plants, five gypsum wallboard plants, one recycled paperboard plant, seventeen concrete batching plants, four aggregates facilities and one frac sand processing and drying plant. The Company operates in two business segments: Cement and Concrete and Aggregates, and Gypsum Wallboard and Recycled Paperboard.

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