A Closer Look at 4 Analyst Recommendations For Eagle Materials
Portfolio Pulse from Benzinga Insights
Eagle Materials (NYSE:EXP) has received varied analyst ratings over the past quarter, with 3 bullish and 1 somewhat bullish ratings. The 12-month price targets have an average of $226.25, up 14.41% from the previous target. Analysts from Raymond James, Truist Securities, Goldman Sachs, and Stifel have all raised their price targets for EXP. The company's financial performance shows strong revenue growth, net margin, ROE, and ROA, but a higher debt-to-equity ratio than industry norms. Eagle Materials produces construction products and building materials for various industries, including oil and natural gas extraction.
January 29, 2024 | 2:00 pm
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POSITIVE IMPACT
Analysts have raised their price targets for Eagle Materials, indicating a bullish sentiment. The company's strong financial performance, including revenue growth and profitability, supports these positive ratings.
The unanimous decision by analysts to raise their price targets for EXP, coupled with the company's strong financial performance, suggests a positive short-term impact on the stock price. The increase in the average price target by 14.41% is a significant indicator of expected growth, which is likely to influence investor sentiment and drive the stock price up in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100