CRH Plc (NYSE: CRH) Not A Good Play Anymore?

CRH Plc (CRH) concluded trading on Thursday at a closing price of $91.90, with 3.22 million shares of worth about $295.64 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 5.39% during that period and on September 25, 2024 the price saw a gain of about 0.45%. Currently the company’s common shares owned by public are about 692.10M shares, out of which, 676.88M shares are available for trading.

Stock saw a price change of 2.07% in past 5 days and over the past one month there was a price change of 2.05%. Year-to-date (YTD), CRH shares are showing a performance of 32.88% which increased to 63.09% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $51.59 but also hit the highest price of $93.07 during that period. The average intraday trading volume for CRH Plc shares is 5.01 million. The stock is currently trading 4.14% above its 20-day simple moving average (SMA20), while that difference is up 8.22% for SMA50 and it goes to 16.55% higher than SMA200.

CRH Plc (NYSE: CRH) currently have 692.10M outstanding shares and institutions hold larger chunk of about 84.54% of that.

The stock has a current market capitalization of $62.75B and its 3Y-monthly beta is at 1.38. PE ratio of stock for trailing 12 months is 23.64, while it has posted earnings per share of $3.89 in the same period. Its PEG reads 1.81 and has Quick Ratio of 1.00 while making debt-to-equity ratio of 0.70. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CRH, volatility over the week remained 1.48% while standing at 2.20% over the month.

Stock’s fiscal year EPS is expected to rise by 18.42% while it is estimated to increase by 8.96% in next year. EPS is likely to shrink at an annualized rate of 13.04% for next 5-years, compared to annual growth of 26.26% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Morgan Stanley on July 09, 2024 offering an Overweight rating for the stock and assigned a target price range of between $87 and $88 to it. Coverage by Stephens stated CRH Plc (CRH) stock as an Overweight in their note to investors on June 18, 2024, suggesting a price target of $95 for the stock. On May 14, 2024, RBC Capital Mkts Initiated their recommendations, while on April 15, 2024, Stifel Downgrade their ratings for the stock with a price target of $82. Stock get a Buy rating from Vertical Research on March 22, 2024.

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