CRH (NYSE:CRH) Given New $130.00 Price Target at Sanford C. Bernstein

Key Points

• Sanford C. Bernstein raised CRH's price target from $115.00 to $130.00, which suggests an upside potential of 16.97% from its current price.
• The company reported a missed earnings estimate for the last quarter, with an EPS of $1.94 compared to the expected $2.06.
• CRH currently holds an average rating of "Buy" from analysts, with a consensus price target of $116.00.

CRH (NYSE:CRH - Get Free Report) had its target price hoisted by Sanford C. Bernstein from $115.00 to $130.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an "outperform" rating on the construction company's stock. Sanford C. Bernstein's price target would indicate a potential upside of 16.97% from the company's current price.

A number of other research firms also recently weighed in on CRH. JPMorgan Chase & Co. assumed coverage on CRH in a report on Tuesday, August 26th. They issued an "overweight" rating and a $130.00 price objective for the company. Morgan Stanley reissued an "overweight" rating on shares of CRH in a research report on Tuesday, September 2nd. Royal Bank Of Canada reiterated an "outperform" rating and set a $112.00 price target (up previously from $108.00) on shares of CRH in a research note on Friday, August 8th. Vertical Research upgraded CRH to a "strong-buy" rating in a research note on Friday, August 1st. Finally, DA Davidson restated a "neutral" rating and issued a $105.00 target price (down previously from $120.00) on shares of CRH in a research note on Thursday, July 10th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, CRH has an average rating of "Buy" and a consensus price target of $116.00.

CRH Stock Up 0.4%

Shares of NYSE:CRH opened at $111.14 on Thursday. CRH has a 12-month low of $76.75 and a 12-month high of $114.40. The stock has a market cap of $74.76 billion, a PE ratio of 23.25, a P/E/G ratio of 1.44 and a beta of 1.31. The business has a 50 day moving average of $103.77 and a 200-day moving average of $96.50.

CRH (NYSE:CRH - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The construction company reported $1.94 EPS for the quarter, missing analysts' consensus estimates of $2.06 by ($0.12). CRH had a return on equity of 15.68% and a net margin of 9.09%.The company had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $10.27 billion. During the same quarter last year, the business earned $1.88 EPS. CRH's revenue was up 5.7% on a year-over-year basis. Equities research analysts expect that CRH will post 5.47 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CRH. Creekmur Asset Management LLC purchased a new position in CRH during the 2nd quarter valued at about $27,000. Orion Capital Management LLC purchased a new position in CRH during the 4th quarter valued at about $28,000. Park Place Capital Corp increased its holdings in CRH by 59.9% during the 2nd quarter. Park Place Capital Corp now owns 307 shares of the construction company's stock valued at $29,000 after purchasing an additional 115 shares during the period. Riggs Asset Managment Co. Inc. increased its holdings in CRH by 1,835.3% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company's stock valued at $30,000 after purchasing an additional 312 shares during the period. Finally, Heck Capital Advisors LLC purchased a new position in CRH during the 4th quarter valued at about $32,000. Hedge funds and other institutional investors own 62.50% of the company's stock.

About CRH

CRH plc, together with its subsidiaries, provides building materials solutions in Ireland and internationally. It operates through four segments: Americas Materials Solutions, Americas Building Solutions, Europe Materials Solutions, and Europe Building Solutions. The company provides solutions for the construction and maintenance of public infrastructure and commercial and residential buildings; and produces and sells aggregates, cement, readymixed concrete, and asphalt, as well as provides paving and construction services.

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