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Investing.com - Loop Capital raised its price target on Eagle Materials (NYSE:EXP) to $245.00 from $230.00 on Tuesday, while maintaining a Hold rating on the stock. According to InvestingPro data, the company currently trades at $227.58, with analysts’ targets ranging from $220 to $280.
The price target increase follows Eagle Materials’ quarterly results, which exceeded expectations primarily due to stronger wallboard performance that offset weaker cement earnings. InvestingPro analysis shows the company maintains strong financial health with a "GREAT" overall score and healthy liquidity, demonstrated by a current ratio of 2.73.
Loop Capital noted that Eagle Materials shares typically trade more closely with wallboard pricing, and this metric outperformed in the quarter. Additionally, segment volumes were sharply above the industry average, contributing to the stock’s rise on Tuesday.
The analyst firm cited several factors for the price target adjustment, including the modest earnings beat, stabilizing wallboard pricing, and improved investor sentiment around a building products’ trough.
Despite the price target increase, Loop Capital maintained its Hold rating, indicating it would prefer to see a stronger catalyst beyond expectations of a cyclical recovery, especially as cement results remain lackluster.
In other recent news, Eagle Materials Inc . reported impressive financial results for its first fiscal quarter of 2026. The company achieved earnings per share (EPS) of $3.76, surpassing the forecasted $3.73, resulting in a positive surprise of 0.8%. Revenue also exceeded expectations, coming in at $634.7 million compared to the anticipated $610.96 million. These results highlight a strong performance for Eagle Materials, as both earnings and revenue figures surpassed analysts’ projections. The positive earnings release has drawn attention from investors and analysts alike. While specific analyst upgrades or downgrades were not mentioned, the strong earnings results could potentially influence future analyst evaluations. These developments are part of the recent financial activities surrounding Eagle Materials, reflecting its current market standing.
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