Jefferies (NYSE:JEF) analyst Philip Ng reiterated a Buy rating on Eagle Materials (NYSE:EXP) Inc on Tuesday, setting a price target of $180, which is approximately 9.50% above the present share price of $164.38.
Ng expects Eagle Materials Inc to post earnings per share (EPS) of $2.48 for the fourth quarter of 2021.
The current consensus among 7 TipRanks analysts is for a Strong Buy rating of shares in Eagle Materials, with an average price target of $174.93.
The analysts price targets range from a high of $185 to a low of $159.5.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $509.69 million and a net profit of $144.67 million. The company's market cap is $6.69 billion.
According to TipRanks.com, Jefferies analyst Philip Ng is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 15.5% and a 74.06% success rate.
Eagle Materials, Inc. is a holding company, which engages in the provision of heavy construction materials, light building materials, and materials used for oil and natural gas extraction. It operates through the following segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants. The Cement segment deals with the manufacture, production, distribution, and sale of portland cement. The Concrete and Aggregates segment involves mixing cement, sand, gravel, or crushed stone and water to form concrete, which is then sold and distributed to construction contractors. The Gypsum Wallboard segment mines and extracts natural gypsum rock, which is used in the manufacture of gypsum wallboard. The Recycled Paperboard segment processes paper fiber, water, and paper chemicals to form recycled paperboards, then sell them to gypsum wallboard manufacturers. The Oil and Gas Proppants segment produces frac sand used in oil and natural gas exploration, and provides transloading and storage for well servicing companies. The company was founded in 1963 and is headquartered in Dallas, TX.