Jefferies Financial Group Weighs in on Crh Plc’s FY2019 Earnings (NYSE:CRH)

Crh Plc (NYSE:CRH) – Research analysts at Jefferies Financial Group increased their FY2019 EPS estimates for shares of CRH in a research note issued on Thursday, January 9th. Jefferies Financial Group analyst G. Johnson now expects that the construction company will post earnings per share of $2.44 for the year, up from their previous forecast of $2.31. Jefferies Financial Group also issued estimates for CRH’s FY2021 earnings at $2.89 EPS.

Other research analysts also recently issued research reports about the company. ValuEngine downgraded CRH from a “hold” rating to a “sell” rating in a research note on Saturday, October 19th. Kepler Capital Markets downgraded CRH from a “hold” rating to a “reduce” rating in a research note on Wednesday, November 20th. Barclays downgraded CRH from an “equal weight” rating to an “underweight” rating in a research note on Monday, December 16th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of CRH in a research note on Tuesday, November 26th. Finally, Deutsche Bank reaffirmed a “buy” rating on shares of CRH in a research note on Monday, October 14th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $36.80.

NYSE CRH opened at $39.21 on Monday. The stock’s 50-day moving average price is $39.45 and its 200-day moving average price is $35.43. The company has a quick ratio of 0.91, a current ratio of 1.35 and a debt-to-equity ratio of 0.54. CRH has a 52 week low of $27.92 and a 52 week high of $40.88. The company has a market capitalization of $32.84 billion, a P/E ratio of 17.12 and a beta of 0.94.

Several large investors have recently added to or reduced their stakes in the stock. First Hawaiian Bank purchased a new stake in shares of CRH during the fourth quarter worth about $216,000. Manning & Napier Group LLC grew its position in shares of CRH by 3.1% during the fourth quarter. Manning & Napier Group LLC now owns 96,865 shares of the construction company’s stock worth $3,906,000 after purchasing an additional 2,953 shares in the last quarter. Millennium Management LLC purchased a new stake in shares of CRH during the third quarter worth about $6,667,000. Squarepoint Ops LLC purchased a new stake in shares of CRH during the third quarter worth about $265,000. Finally, Voloridge Investment Management LLC purchased a new stake in shares of CRH during the third quarter worth about $916,000. Hedge funds and other institutional investors own 4.75% of the company’s stock.

CRH Company Profile

CRH plc, through its subsidiaries, manufactures and distributes building materials. It operates through three segments: Europe Materials, Americas Materials, and Building Products. The company manufactures and supplies cement, lime, aggregates, readymixed and precast concrete, and asphalt products; and construction accessories, architectural products, shutters and awnings, and perimeter protection and network access products.

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