Forterra Inc (NASDAQ:FRTA)‘s stock had its “hold” rating reissued by research analysts at Royal Bank Of Canada in a research note issued to investors on Wednesday. They currently have a $10.00 price target on the construction company’s stock. Royal Bank Of Canada’s target price would suggest a potential upside of 13.64% from the company’s current price.

A number of other equities research analysts have also weighed in on the stock. Barclays PLC reissued a “buy” rating and set a $15.00 target price (down from $18.00) on shares of Forterra in a report on Monday, July 24th. ValuEngine downgraded shares of Forterra from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th. Zacks Investment Research upgraded shares of Forterra from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. Citigroup Inc. dropped their price target on shares of Forterra from $17.00 to $8.50 and set a “neutral” rating on the stock in a research report on Thursday, June 22nd. Finally, SunTrust Banks, Inc. downgraded shares of Forterra from a “buy” rating to a “hold” rating and set a $14.00 price target on the stock. in a research report on Tuesday, May 16th. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company. Forterra currently has a consensus rating of “Hold” and a consensus target price of $17.28.

Forterra (NASDAQ FRTA) opened at 8.80 on Wednesday. Forterra has a 12 month low of $6.01 and a 12 month high of $22.76. The firm’s market capitalization is $564.41 million. The stock’s 50 day moving average is $8.11 and its 200-day moving average is $14.70.

Forterra (NASDAQ:FRTA) last posted its earnings results on Monday, May 15th. The construction company reported ($0.31) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.07) by $0.24. The business had revenue of $338.30 million for the quarter, compared to analysts’ expectations of $340.24 million. Equities analysts anticipate that Forterra will post $0.29 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently modified their holdings of FRTA. Taylor Asset Management Inc. purchased a new position in shares of Forterra during the second quarter worth about $240,000. Rubric Capital Management LP increased its position in shares of Forterra by 134.9% in the second quarter. Rubric Capital Management LP now owns 952,600 shares of the construction company’s stock worth $7,840,000 after buying an additional 547,116 shares during the period. Rhumbline Advisers increased its position in shares of Forterra by 28.7% in the second quarter. Rhumbline Advisers now owns 19,598 shares of the construction company’s stock worth $161,000 after buying an additional 4,365 shares during the period. Schwab Charles Investment Management Inc. increased its position in shares of Forterra by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 68,072 shares of the construction company’s stock worth $561,000 after buying an additional 418 shares during the period. Finally, Pictet Asset Management Ltd. increased its position in shares of Forterra by 45.1% in the second quarter. Pictet Asset Management Ltd. now owns 2,636,865 shares of the construction company’s stock worth $18,960,000 after buying an additional 819,647 shares during the period. Hedge funds and other institutional investors own 98.30% of the company’s stock.

Forterra Company Profile

Analyst Recommendations for Forterra (NASDAQ:FRTA)

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