Jefferies Thinks Eagle Materials Inc’s Stock is Going to Recover

By Ryan Adsit

Jefferies analyst Philip Ng reiterated a Buy rating on Eagle Materials Inc (NYSE: EXP) today and set a price target of $125. The company’s shares opened today at $85.84, close to its 52-week low of $83.63.

According to TipRanks.com, Ng is ranked #399 out of 4884 analysts.

Eagle Materials Inc has an analyst consensus of Strong Buy, with a price target consensus of $120.50, which is a 40.4% upside from current levels. In a report issued on September 26, Macquarie also initiated coverage with a Buy rating on the stock with a $105 price target.

.

See today’s analyst top recommended stocks >>

Eagle Materials Inc’s market cap is currently $4.13B and has a P/E ratio of 15.59. The company has a Price to Book ratio of 2.89.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Eagle Materials, Inc. engaged in the manufacture and distribution of gypsum wallboard and cement. It operates through the following segments: Cement, Gypsum Wallboard, Recycled Paperboard, Oil and Gas Proppants, and Concrete and Aggregates.