Sidoti lifts Cornerstone Building Brands Inc. [CNR] price estimate. Who else is bullish?



Cornerstone Building Brands Inc. [NYSE: CNR] closed the trading session at $24.62 on 07/20/22. The day’s price range saw the stock hit a low of $24.53, while the highest price level was $24.655. The company report on July 1, 2022 that Cornerstone Building Brands Appoints Melissa Jones President, U.S. Siding.

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Cornerstone Building Brands, Inc. (NYSE: CNR) (the “Company”), the largest manufacturer of exterior building products in North America, today announced that Melissa Jones has joined the Company as President, U.S. Siding. In her role, Ms. Jones will lead the Company’s U.S. residential siding and fence and rail business. She will assume the role effective July 1, 2022 and report directly to President and Chief Executive Officer Rose Lee.

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The stocks have a year to date performance of 41.17 percent and weekly performance of 0.37 percent. The stock has been moved at 58.63 percent over the last six months. The stock has performed 2.07 percent around the most recent 30 days and changed 0.94 percent over the most recent 3-months.

If compared to the average trading volume of 1.64M shares, CNR reached to a volume of 3353291 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Cornerstone Building Brands Inc. [CNR]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CNR shares is $24.65 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CNR stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Sidoti have made an estimate for Cornerstone Building Brands Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on February 14, 2022. The new note on the price target was released on May 13, 2021, representing the official price target for Cornerstone Building Brands Inc. stock.

The Average True Range (ATR) for Cornerstone Building Brands Inc. is set at 0.11, with the Price to Sales ratio for CNR stock in the period of the last 12 months amounting to 0.53. The Price to Book ratio for the last quarter was 2.30, with the Price to Cash per share for the same quarter was set at 4.27.

CNR stock trade performance evaluation

Cornerstone Building Brands Inc. [CNR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.37. With this latest performance, CNR shares gained by 2.07% in over the last four-week period, additionally plugging by 58.63% over the last 6 months – not to mention a rise of 50.12% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CNR stock in for the last two-week period is set at 60.63, with the RSI for the last a single of trading hit 65.59, and the three-weeks RSI is set at 59.28 for Cornerstone Building Brands Inc. [CNR]. The present Moving Average for the last 50 days of trading for this stock 24.43, while it was recorded at 24.56 for the last single week of trading, and 20.21 for the last 200 days.

Cornerstone Building Brands Inc. [CNR]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Cornerstone Building Brands Inc. [CNR] shares currently have an operating margin of +6.42 and a Gross Margin at +18.06. Cornerstone Building Brands Inc.’s Net Margin is presently recorded at +11.79.

Return on Equity for this stock inclined to 81.33, with Return on Assets sitting at 11.64.

Cornerstone Building Brands Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.50 and a Current Ratio set at 2.40.

Earnings per share (EPS) analysis for Cornerstone Building Brands Inc. [CNR] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CNR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Cornerstone Building Brands Inc. go to 34.70%.

Cornerstone Building Brands Inc. [CNR]: Insider Ownership positions

There are presently around $3,028 million, or 98.40% of CNR stock, in the hands of institutional investors. The top three institutional holders of CNR stocks are: CLAYTON, DUBILIER & RICE, LLC with ownership of 62,143,416, which is approximately 0% of the company’s market cap and around 1.50% of the total institutional ownership; PENTWATER CAPITAL MANAGEMENT LP, holding 4,921,421 shares of the stock with an approximate value of $120.87 million in CNR stocks shares; and BLACKROCK INC., currently with $90.24 million in CNR stock with ownership of nearly -10.721% of the company’s market capitalization.

Positions in Cornerstone Building Brands Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 128 institutional holders increased their position in Cornerstone Building Brands Inc. [NYSE:CNR] by around 36,745,966 shares. Additionally, 106 investors decreased positions by around 28,268,637 shares, while 12 investors held positions by with 58,255,472 shares. The mentioned changes placed institutional holdings at 123,270,075 shares, according to the latest SEC report filing. CNR stock had 80 new institutional investments in for a total of 26,733,188 shares, while 57 institutional investors sold positions of 20,759,717 shares during the same period.