Eagle Materials Inc.
Eagle Materials Inc. (EXP) makes building materials used in residential and commercial construction. With the recent hurricane-related devastation in the southeastern part of the nation, the company could see a nice jump in demand for its products. The stock has trended higher over the last month in anticipation of higher demand, but analysts see even more upside moving forward. The stock is currently trading at $108.20, but analysts have an average price target of $118.50 for the stock. The target price suggests that shareholders could see as much as 9.8% additional upside in the stock. The stock has a slightly high P/E of 25.1, but analysts forecast 27.8% earnings growth this year, and an additional 19.6% next year. While the current forecasts are enough to keep strength under the stock, if demand spikes actual earnings growth could be much higher than expected, which would allow the stock to easily hit the price target, and potentially much higher.
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