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CRH (NYSE:CRH) Receives Buy (B) Rating from Weiss Ratings

CRH logo with Construction background

Key Points

  • CRH has received a "buy (B)" rating from Weiss Ratings, indicating positive outlook and reaffirmation of value.
  • Analysts have set a range of price targets for CRH, with UBS targeting $152.00 and Truist Financial recently raising theirs to $140.00.
  • CRH's recent earnings report showed revenues of $10.21 billion, which fell short of analyst estimates, but a year-over-year increase of 5.7%.
  • Five stocks to consider instead of CRH.

CRH (NYSE:CRH - Get Free Report)'s stock had its "buy (b)" rating restated by Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

CRH has been the subject of a number of other reports. UBS Group set a $152.00 target price on CRH in a research note on Wednesday, October 1st. Truist Financial raised their price target on CRH from $125.00 to $140.00 and gave the company a "buy" rating in a report on Thursday, October 2nd. Vertical Research raised CRH to a "strong-buy" rating in a report on Friday, August 1st. JPMorgan Chase & Co. assumed coverage on CRH in a research report on Tuesday, August 26th. They issued an "overweight" rating and a $130.00 price target on the stock. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of CRH in a research note on Tuesday, September 2nd. Three research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, CRH presently has an average rating of "Buy" and a consensus price target of $125.07.

Read Our Latest Stock Analysis on CRH

CRH Stock Up 1.3%

NYSE:CRH traded up $1.52 during mid-day trading on Wednesday, reaching $117.86. 2,408,583 shares of the company were exchanged, compared to its average volume of 4,256,079. CRH has a 12 month low of $76.75 and a 12 month high of $121.88. The company has a fifty day moving average of $111.61 and a 200 day moving average of $98.84. The stock has a market cap of $79.28 billion, a PE ratio of 24.66, a PEG ratio of 1.65 and a beta of 1.32.

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

Hedge Funds Weigh In On CRH

A number of large investors have recently bought and sold shares of CRH. Creekmur Asset Management LLC purchased a new position in CRH in the 2nd quarter worth approximately $27,000. Park Place Capital Corp increased its stake in shares of CRH by 59.9% during the second quarter. Park Place Capital Corp now owns 307 shares of the construction company's stock valued at $29,000 after buying an additional 115 shares during the period. Riggs Asset Managment Co. Inc. increased its stake in shares of CRH by 1,835.3% during the second quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company's stock valued at $30,000 after buying an additional 312 shares during the period. GW&K Investment Management LLC increased its stake in shares of CRH by 86.7% during the first quarter. GW&K Investment Management LLC now owns 448 shares of the construction company's stock valued at $39,000 after buying an additional 208 shares during the period. Finally, Cullen Frost Bankers Inc. increased its stake in shares of CRH by 255.0% during the second quarter. Cullen Frost Bankers Inc. now owns 426 shares of the construction company's stock valued at $39,000 after buying an additional 306 shares during the period. 62.50% of the stock is owned by hedge funds and other institutional investors.

About CRH

(Get Free Report)

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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Analyst Recommendations for CRH (NYSE:CRH)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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