DA Davidson lowered the firm’s price target on Eagle Materials (EXP) to $245 from $260 and keeps a Neutral rating on the shares. The company’s Q4 results reflected a combination of transitory impacts as well as ongoing softer conditions in select construction verticals, leading to a shortfall, the analyst tells investors in a research note. Eagle Materials is deploying significant capital into its platform in the next few years, and while monetization/reward on these investments will take some time, it should enhance the company’s earnings power with potentially comparatively attractive returns, the firm added.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EXP:
- Eagle Materials Board Member Announces Retirement
- Eagle Materials price target lowered to $255 from $275 at Stephens
- Eagle Materials price target lowered to $242 from $252 at Goldman Sachs
- Eagle Materials price target lowered to $237 from $245 at Loop Capital
- Eagle Materials price target lowered to $241 from $242 at Stifel
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue