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6 Cement Stocks Worth Buying: Analysts

1. China Advanced Construction Materials Group (CADC - Get Report), a holding company, engages in the production of construction materials required for large-scale infrastructure, commercial and residential developments. The company conducts its operations through a network of 5 ready-mixed concrete plants in Beijing and 16 portable concrete plants located across China. CADC operates through two wholly owned subsidiaries and one variable interest entity.

Both the analysts covering the stock recommend a buy on it. There are no sell ratings on the stock. Analysts polled by Bloomberg expect the stock to gain an average 250.9% to $6.00 over the next 12 months.

Revenue for the third quarter of 2011 increased 41% to $23.1 million over the year-ago period. GAAP net income stood at $3.6 million or 19 cents per share, which compares to $2.4 million or 15 cents per share in the comparable quarter prior year. At the end of the quarter, the company's backlog increased 30% to $87 million as compared to Dec. 31, 2010. CADC's new business pipeline and bids outstanding, which is a measure of the value of bids it has submitted for the concrete sales and manufacturing services business segments, was $32.1 million, up 13% sequentially.

During the final week of April, the company announced receiving two high-speed rail contracts valued $3.9 million. The company's manufacturing services business segment, which has 25 portable plants under contract, secured the contracts.

>>To see these stocks in action, visit the 6 Cement Stocks Worth Buying portfolio on Stockpickr.
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SYM TRADE IT LAST %CHG
TXI $92.10 -0.28%
CADC $3.46 0.00%
CRH $29.71 0.00%
CX $8.50 0.00%
MLM $156.82 0.00%

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