Cornerstone Building Brands Inc. (CNR) Price Targets: What Do They Mean?

As of Wednesday close, Cornerstone Building Brands Inc.’s (NYSE:CNR) stock was down -$0.03, moving down -0.12 percent to $24.43. The average number of shares traded per day over the past five days has been 2,861,940 shares. 3 times new highs have been achieved over the past 5 days, with a $0.16 gain in that time frame. In the last twenty days, the average volume was 1,804,975, while in the previous 50 days, it was 1,783,006.

Since last month, CNR stock rose 0.62%. Shares of the company fell to $23.88 on 06/17/22, the lowest level in the past month. A 52-week high of $24.61 was reached on 05/27/22 after having rallying from a 52-week low of $13.51. Since the beginning of this year, CNR’s stock price has risen by 40.08% or $6.99, and marked a new high 21 times. However, the stock has declined by -0.73% since its 52-week high.

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Cornerstone Building Brands Inc. (CNR) last reported insider trading activity 211 days ago on Nov 24. Buckley John L, the Pres., Siding Division of the company, disposed of 98,920 shares for $17.32 on Nov 24. It resulted in a $1,713,294 divestment by the insider. Buckley John L sold 47,140 shares at an average price of $17.29 on Nov 22. The insider now owns 106,531 shares following the transaction. On Nov 11, EVP, Chief Human Res. Officer Theroux Katy sold 67,057 shares at $17.06 apiece. The transaction was valued at $1,143,992.

Valuation Metrics

Right now, Cornerstone Building Brands Inc. (CNR) has a P/E ratio of about 4.08. The stock’s beta is 1.59. Besides these, the trailing price-to-sales (P/S) ratio of 0.52, the price-to-book (PB) ratio of 2.29.

Financial Health

In the three months ended December 30, Cornerstone Building Brands Inc.’s quick ratio stood at 1.50, while its current ratio was 2.40, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 2.21, and the total debt-to-equity ratio was 2.23. On the profitability front, the trailing twelve-month gross margin is 21.60% percent. Based on annual data, CNR earned $1.2 billion in gross profit and brought in $5.58 billion in revenue.

In Cornerstone Building Brands Inc.’s quarter-end financial report for December 30, it reported total debt of $3.01 billion against cash and short-term investments of $2.3 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CNR’s revenue rose 19.13% to $1.47 billion during the quarter, while net income inched up to $1.57 billion. While analysts expected Cornerstone Building Brands Inc. to report $0.57 quarterly earnings, the actual figure was $0.73 per share, beating the consensus estimate by 28.10%. During the quarter, the company generated $253.25 million in EBITDA. The liabilities of Cornerstone Building Brands Inc. were 4.67 billion at the end of its most recent quarter ended December 30, and its total debt was $3.4 billion. The value of shareholders’ equity is $127.35 million.

Technical Picture

This quick technical analysis looks at Cornerstone Building Brands Inc.’s (CNR) price momentum. With a historical volatility rate of 10.45%, the RSI 9-day stood at 55.49% on 22 June.

With respect to its five-day moving average, the current Cornerstone Building Brands Inc. price is up by +0.66% percent or $0.16. At present, CNR shares trade -0.08% below its 20-day simple moving average and +70.13% percent above its 100-day simple moving average. However, the stock is currently trading approximately +0.33% above its SMA50 and +40.73% above its SMA200.

Stochastic coefficient K was 66.25% and Stochastic coefficient D was 47.06%, while ATR was 0.19. Given the Stochastic reading of 80.88% for the 14-day period, the RSI (14) reading has been calculated as 53.92%. As of today, the MACD Oscillator reading stands at 0.06, while the 14-day reading stands at -0.02.

Analyst Ratings

Cornerstone Building Brands Inc. downgraded its rating on Cornerstone Building Brands Inc. (NYSE: CNR) to a Neutral in a note to investors on February 14, 2022. The analysts firm previously had a Buy rating on the stock.Cornerstone Building Brands Inc. (CNR) has been rated Hold by analysts. According to 0 brokerage firms, CNR is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Cornerstone Building Brands Inc. stock as buy, with 0 recommending it as overweight.

With a median target price of $25.00, the current consensus forecast for the stock is $25.00 – $25.00. Based on these forecasts, analysts predict Cornerstone Building Brands Inc. (CNR) will achieve an average price target of $25.00.


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