CRH (NYSE:CRH) Stock Price Target Raised at Stephens

Key Points

• Stephens raised CRH’s price target from $105 to $110 while maintaining an “overweight” rating, implying approximately 13.5% upside from the reported $96.91 share price.
• Analyst sentiment remains positive: 19 analysts rate CRH a Buy and one rates it a Hold, producing a “Moderate Buy” consensus and an average target price of $125.34.
• CRH’s latest quarterly results slightly exceeded expectations on earnings, reporting $2.09 in EPS versus $2.06 expected, while revenue rose 3% year over year to $11.40 billion but fell short of estimates.

CRH (NYSE:CRH - Get Free Report) had its target price hoisted by analysts at Stephens from $105.00 to $110.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has an "overweight" rating on the construction company's stock. Stephens's price objective would indicate a potential upside of 13.51% from the stock's current price.

CRH has been the topic of a number of other research reports. BNP Paribas Exane dropped their price objective on CRH from $157.00 to $110.00 and set an "outperform" rating on the stock in a report on Wednesday, September 16th. Barclays dropped their price target on CRH from $131.00 to $110.00 and set an "overweight" rating for the company in a research note on Monday, October 19th. Jefferies Financial Group lowered their price target on shares of CRH from $159.50 to $126.50 and set a "buy" rating for the company in a research note on Monday, August 3rd. Truist Financial dropped their price target on shares of CRH from $130.00 to $105.00 and set a "buy" rating for the company in a research report on Monday, October 5th. Finally, Deutsche Bank Aktiengesellschaft set a $118.00 price objective on shares of CRH in a research report on Friday, October 9th. Nineteen investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $125.34.

CRH Stock Performance

Shares of NYSE:CRH traded up $6.10 during midday trading on Monday, reaching $96.91. The company's stock had a trading volume of 3,886,029 shares, compared to its average volume of 4,969,785. The firm has a market capitalization of $64.47 billion, a price-to-earnings ratio of 18.18, a PEG ratio of 1.75 and a beta of 1.33. CRH has a fifty-two week low of $78.62 and a fifty-two week high of $131.55. The firm has a 50 day moving average price of $87.19 and a two-hundred day moving average price of $104.24.

CRH (NYSE:CRH - Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The construction company reported $2.09 EPS for the quarter, beating analysts' consensus estimates of $2.06 by $0.03. CRH had a net margin of 9.19% and a return on equity of 15.03%. The business had revenue of $11.40 billion during the quarter, compared to analyst estimates of $11.56 billion. During the same quarter in the previous year, the business posted $2.21 EPS. CRH's quarterly revenue was up 3.0% on a year-over-year basis. As a group, research analysts anticipate that CRH will post 5.48 earnings per share for the current year.

Institutional Trading of CRH

Several institutional investors have recently made changes to their positions in the business. Amundi grew its holdings in CRH by 74.7% during the 1st quarter. Amundi now owns 5,965,814 shares of the construction company's stock valued at $627,126,000 after buying an additional 2,550,178 shares in the last quarter. Bank of America Corp DE boosted its position in shares of CRH by 3.8% during the first quarter. Bank of America Corp DE now owns 5,928,489 shares of the construction company's stock worth $623,203,000 after acquiring an additional 216,822 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in CRH by 6.6% during the first quarter. Dimensional Fund Advisors LP now owns 4,831,618 shares of the construction company's stock valued at $507,784,000 after acquiring an additional 297,309 shares in the last quarter. Lazard Asset Management LLC increased its holdings in CRH by 4.1% in the 1st quarter. Lazard Asset Management LLC now owns 2,336,754 shares of the construction company's stock valued at $245,460,000 after acquiring an additional 93,106 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its stake in CRH by 27.9% in the 1st quarter. Janus Henderson Group PLC now owns 2,186,541 shares of the construction company's stock worth $228,994,000 after purchasing an additional 477,242 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company's stock.

About CRH

CRH plc is a global building materials company that supplies products and solutions used in residential, commercial and infrastructure construction. Its activities include the production and distribution of aggregates, asphalt, ready-mixed concrete, cement and other construction materials, as well as value-added products such as precast concrete, architectural products and site-development solutions.

The company serves customers across North America and Europe, including contractors, construction companies, infrastructure developers, distributors and public-sector organizations.

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