CRH plc (NYSE:CRH) finished Thursday with a subtraction of -$1.03 to close at $56.85, a downside of -1.78 percent. An average of 2,500,760 shares of common stock have been traded in the last five days. There was a gain of $0.53 in the past week, and it reached a new high 37 times over the past 12 months. The last 20 days have seen an average of 1,638,970 shares traded, while the 50-day average volume stands at 1,674,162.
CRH stock has decreased by -4.31% in the last month. The company shares reached their 1-month lowest point of $55.73 on 08/24/23. With the stock rallying to its 52-week high on 07/27/23, shares of the company touched a low of $31.22 and a high of $60.72 in 52 weeks. It has reached a new high 30 times so far this year and achieved 42.88% or $17.06 in price. In spite of this, the price is down -6.37% from the 52-week high.
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Valuation Metrics
CRH plc (CRH) has a trailing price-to-earnings (P/E) ratio of 16.31. The stock’s beta is 1.19. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.26, the price-to-book (PB) ratio at 1.97, and the price-to-cash flow ratio at 16.94.
The company has a payout ratio of 23.60%. The company’s most recent quarterly dividend payment was $1.03 a share, representing a up of 329.17% from $0.24 last year. Its latest increase dividend $0.79 reported on Monday March 6 2023.
Financial Health
The quick ratio of CRH plc for the recent quarter was 1.20, and the current ratio was 1.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.42 and a total debt to equity ratio of 0.51 for the recent quarter. CRH plc’s EBITDA margin is 17.28%, while its operating margin for the same period stands at 11.90%. Its gross profit as reported stood at $10.88 billion compared to revenue of $32.72 billion.
Earnings Surprise
The company posted a net income of $3.87 billion in the quarter, while revenues were grew 32.34%. At the end of the recent quarter, CRH plc’s stock balance sheet showed total liabilities of 22.85 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at CRH plc (CRH) price momentum. RSI 9-day as of the close on 24 August was 40.58%, suggesting the stock is Neutral, with historical volatility in this time frame at 17.28%.
As of today, CRH’s price is $56.99 +0.94% or $0.53 from its 5-day moving average. CRH is currently trading -4.24% lower than its 20-day SMA and +11.76% higher than its 100-day SMA. However, the stock’s current price level is +13.59% above the SMA50 and +53.11% above the SMA200.
The stochastic %K and %D were 33.72% and 27.66%, respectively, and the average true range (ATR) was 1.11. With the 14-day stochastic at 25.17% and the average true range at 1.04, the RSI (14) stands at 45.11%. The stock has reached 0.15 on the 9-day MACD Oscillator while the 14-day reading was at -0.51.
Analyst Ratings
The consensus rating for CRH plc (CRH) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell CRH, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 12 others rate it as a “buy”.
What is CRH’s price target for the next 12 months?
Analysts predict a range of price targets between $36.62 and $86.00, with a median target of $67.20. Taking a look at these predictions, the average price target given by analysts for CRH plc (CRH) stock is $65.29.
