Eagle Materials Inc (EXP) Receives Price Target

Eagle Materials Inc (EXP) has been rated by 3 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $100 and the lowest price target forecast is $80. The average forecast of all the analysts is $90.67 and the expected standard deviation is $10.07.

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 2 which endorses a Buy 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.


Also, Brokerage firm CL King downgrades its rating on Eagle Materials Inc (NYSE:EXP). The shares have been rated Neutral. 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): The stock opened at $80.09 on Thursday but the bulls could not build on the opening and the stock topped out at $80.75 for the day. The stock traded down to $78.70 during the day, due to lack of any buying support eventually closed down at $79.81 with a loss of -0.70% for the day. The stock had closed at $80.37 on the previous day. The total traded volume was 388,308 shares.

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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