Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) Receives Average Recommendation of “Hold” from Brokerages

Shares of Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) have been assigned an average rating of “Hold” from the five analysts that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $7.88.

Several analysts recently commented on BBCP shares. William Blair downgraded shares of Concrete Pumping from an “outperform” rating to a “market perform” rating in a research report on Friday, June 7th. Stifel Nicolaus decreased their target price on shares of Concrete Pumping from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, June 7th. DA Davidson lowered their price target on Concrete Pumping from $9.00 to $8.50 and set a “buy” rating on the stock in a report on Thursday. UBS Group downgraded Concrete Pumping from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $10.50 to $6.25 in a research note on Friday. Finally, Robert W. Baird decreased their price objective on Concrete Pumping from $7.50 to $6.50 and set a “neutral” rating for the company in a research report on Thursday.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC purchased a new stake in Concrete Pumping in the 2nd quarter valued at approximately $26,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Concrete Pumping during the 2nd quarter worth approximately $42,000. Private Advisor Group LLC acquired a new stake in shares of Concrete Pumping in the fourth quarter valued at about $101,000. Trexquant Investment LP purchased a new stake in Concrete Pumping during the fourth quarter worth about $151,000. Finally, Quadrature Capital Ltd acquired a new position in Concrete Pumping during the first quarter worth about $180,000. 34.20% of the stock is owned by hedge funds and other institutional investors.

Concrete Pumping Stock Down 9.9 %

BBCP opened at $5.17 on Friday. Concrete Pumping has a one year low of $5.05 and a one year high of $9.15. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.17 and a current ratio of 1.24. The stock has a market capitalization of $279.80 million, a P/E ratio of 16.68 and a beta of 1.11. The business’s 50-day simple moving average is $6.25 and its 200-day simple moving average is $6.90.

Concrete Pumping (NASDAQ:BBCP) last released its quarterly earnings results on Wednesday, September 4th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.05). The firm had revenue of $109.62 million for the quarter, compared to analyst estimates of $126.10 million. Concrete Pumping had a return on equity of 6.83% and a net margin of 4.25%. During the same period last year, the firm earned $0.17 EPS. Analysts anticipate that Concrete Pumping will post 0.38 EPS for the current year.

Concrete Pumping Company Profile

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.