Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) Receives $7.55 Average Target Price from Analysts

Shares of Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) have been given a consensus recommendation of “Hold” by the six analysts that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $7.55.

A number of analysts have commented on the stock. UBS Group cut shares of Concrete Pumping from a “buy” rating to a “neutral” rating and cut their price target for the company from $10.50 to $6.25 in a research report on Friday, September 6th. Robert W. Baird cut their price target on shares of Concrete Pumping from $7.50 to $6.50 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Finally, DA Davidson dropped their price objective on shares of Concrete Pumping from $9.00 to $8.50 and set a “buy” rating on the stock in a report on Thursday, September 5th.

Concrete Pumping Stock Performance

NASDAQ BBCP opened at $5.69 on Tuesday. The firm’s fifty day moving average price is $5.99 and its two-hundred day moving average price is $6.55. The stock has a market cap of $307.94 million, a PE ratio of 18.35 and a beta of 1.11. Concrete Pumping has a fifty-two week low of $5.05 and a fifty-two week high of $9.05. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.44 and a current ratio of 1.54.

Concrete Pumping (NASDAQ:BBCP) last issued its quarterly earnings data on Wednesday, September 4th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.05). Concrete Pumping had a return on equity of 6.17% and a net margin of 3.72%. The business had revenue of $109.62 million during the quarter, compared to the consensus estimate of $126.10 million. During the same period in the prior year, the firm earned $0.17 EPS. On average, equities analysts expect that Concrete Pumping will post 0.27 EPS for the current fiscal year.

Institutional Investors Weigh In On Concrete Pumping

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Rhumbline Advisers raised its holdings in shares of Concrete Pumping by 4.4% in the 2nd quarter. Rhumbline Advisers now owns 38,239 shares of the company’s stock worth $230,000 after acquiring an additional 1,623 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Concrete Pumping by 5.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 71,900 shares of the company’s stock valued at $432,000 after buying an additional 3,650 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Concrete Pumping in the 2nd quarter valued at about $26,000. Janney Montgomery Scott LLC increased its stake in Concrete Pumping by 8.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 59,500 shares of the company’s stock valued at $470,000 after buying an additional 4,459 shares during the last quarter. Finally, Aristides Capital LLC increased its stake in Concrete Pumping by 12.7% in the 4th quarter. Aristides Capital LLC now owns 53,845 shares of the company’s stock valued at $442,000 after buying an additional 6,077 shares during the last quarter. Institutional investors and hedge funds own 34.20% of the company’s stock.

About Concrete Pumping

Concrete Pumping Holdings, Inc provides concrete pumping and waste management services in the United States and the United Kingdom. The company offers concrete pumping services to general contractors and concrete finishing companies in the commercial, infrastructure, and residential sectors under the Brundage-Bone and Capital Pumping brands; and industrial cleanup and containment services primarily to customers in the construction industry under the Eco-Pan brand.