#6 - Concrete Pumping (NASDAQ:BBCP)
When it comes to boring stocks it doesn’t get much more pedestrian than watching paint, or in this case concrete, dry. But there’s a bullish story around Concrete Pumping Holdings, Inc. (NASDAQ: BBCP) that may not be reflected in the bullish sentiment.
Concrete Pumping delivers concrete pumping services to the commercial, infrastructure, and residential sectors. It also provides industrial cleanup and containment services to construction companies.
On January 24, 2023 Concrete Pumping delivered strong fourth-quarter 2022 results and, most importantly, issued solid guidance for the year ahead. But an item that came out in the conference call is worth noting.
Specifically, the company said it anticipated renewed investment in the United States via the Infrastructure Act. That investment, however, is not built into its 2023 forecast. In other words, there could be revenue and earnings in addition to their current forecast.
BBCP stock trades at 16x earnings. The company has a profit margin above its sector average, and analysts say the company will post average earnings per share (EPS) growth of approximately 14% in the next five years.
About Concrete Pumping
Concrete Pumping Holdings, Inc provides concrete pumping and waste management services in the United States and the United Kingdom. The company offers concrete pumping services to general contractors and concrete finishing companies in the commercial, infrastructure, and residential sectors under the Brundage-Bone and Capital Pumping brands; and industrial cleanup and containment services primarily to customers in the construction industry under the Eco-Pan brand.
Read More - Current Price
- $6.00
- Consensus Rating
- Hold
- Ratings Breakdown
- 2 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $7.31 (21.9% Upside)
