In the latest trading session, 2.95 million CRH Plc (NYSE:CRH) shares changed hands as the company’s beta touched 1.19. With the company’s most recent per share price at $61.03 changing hands around $2.29 or 3.90% at last look, the market valuation stands at $48.19B. CRH’s current price is a discount, trading about -0.72% off its 52-week high of $61.47. The share price had its 52-week low at $38.33, which suggests the last value was 37.19% up since then. When we look at CRH Plc’s average trading volume, we note the 10-day average is 3.5 million shares, with the 3-month average coming to 4.48 million.
Analysts gave the CRH Plc (CRH) stock a consensus recommendation rating of a Buy, calculated at a mean rating of 1.29. If we narrow down to specifics, the data shows that 0 out of 21 analysts rate the stock as a Sell, with a further 2 assigning it an Overweight rating. Of the remaining, 2 recommended CRH as a Hold, 17 felt it is a Buy and 0 rated the stock as Underweight. CRH Plc’s EPS for the current quarter is expected to be $0.
CRH Plc (NYSE:CRH) trade information
Instantly CRH is in green as seen in intraday trades today. With action 1.50%, the performance over the past five days has been green. The jump to weekly highs of 61.36 on Monday, 11/20/23 added 3.90% to the stock’s daily price. The company’s shares are showing year-to-date upside of 58.11%, with the 5-day performance at 1.50% in the green. However, in the 30-day time frame, CRH Plc (NYSE:CRH) is 11.35% up. Looking at the short shares, we see there were 8.78 million shares sold at short interest cover period of 2.4 days.
The consensus price target for the stock as assigned by Wall Street analysts is $69.26, meaning bulls need an upside of 11.88% from its recent market value. According to analyst projections, CRH’s forecast low is $51.00 with $86.00 as the target high. To hit the forecast high, the stock’s price needs a -40.91% plunge from its current level, while the stock would need to tank 16.43% for it to hit the projected low.
CRH Plc (CRH) estimates and forecasts
Data shows that the CRH Plc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 25.22% over the past 6 months, a 27.01% in annual growth rate that is considerably higher than the industry average of 15.80%. Year-over-year growth is forecast to reach 7.70% up from the last financial year.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 14.71%. The 2023 estimates are for CRH Plc earnings to increase by 27.54%, but the outlook for the next 5-year period is at 14.37% per year.
CRH Plc is expected to release its next quarterly earnings report on August 24. The 2.28% annual yield figure for the share gives it an annual dividend of 1.39. It is important to note, however, that the 2.28% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
CRH Plc (NYSE:CRH)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.45% of CRH Plc shares while 58.42% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 58.68%. There are 58.42% institutions holding the CRH Plc stock share, with FMR, LLC the top institutional holder. As of Jun 29, 2023, the company held 1.44% of the shares, roughly 10.28 million CRH shares worth $572.88 million.
Boston Partners holds the second largest percentage of outstanding shares, with 0.81% or 5.73 million shares worth $319.44 million as of Jun 29, 2023.
Among Mutual Funds, the top two as of Jun 29, 2023 were Fidelity Series International Growth Fund and John Hancock Mutual Fds III-Disciplined Value Fd. With 5.14 million shares estimated at $286.24 million under it, the former controlled 0.72% of total outstanding shares. On the other hand, John Hancock Mutual Fds III-Disciplined Value Fd held about 0.34% of the shares, roughly 2.41 million shares worth around $138.81 million.