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Eagle Materials (EXP) Soars: Stock Adds 6.3% in Session

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Eagle Materials Inc. (EXP - Free Report) was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $95.90 to $103.81in the past one-month time frame.

The stock gained in response to a favorable analyst report from Longbow Research.

The company has seen two positive estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few months, suggesting that more solid trading could be ahead for Eagle Materials. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

 

Eagle Materials currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

A better-ranked stock in the Construction sector is HeidelbergCement AG (HDELY - Free Report) , which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is EXP going up? Or down? Predict to see what others think: Up or Down

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