Jefferies Group Equities Analysts Reduce Earnings Estimates for HeidelbergCement (HDELY)

HeidelbergCement (OTCMKTS:HDELY) – Stock analysts at Jefferies Group reduced their FY2018 EPS estimates for HeidelbergCement in a research note issued on Thursday. Jefferies Group analyst J. Jordan now forecasts that the construction company will earn $1.70 per share for the year, down from their prior forecast of $1.74. Jefferies Group also issued estimates for HeidelbergCement’s FY2019 earnings at $1.96 EPS.

Other equities research analysts also recently issued reports about the company. Zacks Investment Research downgraded HeidelbergCement from a “hold” rating to a “sell” rating in a report on Tuesday, November 28th. JPMorgan Chase & Co. upgraded HeidelbergCement from an “underweight” rating to a “neutral” rating in a report on Wednesday, February 28th. Finally, Goldman Sachs assumed coverage on HeidelbergCement in a report on Monday, March 12th. They set a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $23.00.

HeidelbergCement stock opened at $20.21 on Monday. The company has a market capitalization of $20,049.98, a PE ratio of 19.81, a PEG ratio of 1.66 and a beta of 1.21. The company has a quick ratio of 0.80, a current ratio of 1.12 and a debt-to-equity ratio of 0.57. HeidelbergCement has a twelve month low of $17.97 and a twelve month high of $23.06.

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HeidelbergCement Company Profile

HeidelbergCement AG produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide. Its cement products include special cements with targeted characteristics, special geotechnical building materials, and a range of binders. The company offers natural stone and crushed aggregates, including sand, gravel, stone chippings, and crushed stones; concrete/ready-mixed concrete that is used for the production of precast concrete parts, such as stairs, ceiling elements, or structural components, as well as for use in the construction of tunnels or bridges, office buildings, and schools; and asphalt, which is primarily used in the building of traffic infrastructure comprising roads, walkways, and parking lots.

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