Forterra (FRTA) Given Media Impact Score of 0.07
Media headlines about Forterra (NASDAQ:FRTA) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Forterra earned a daily sentiment score of 0.07 on Accern’s scale. Accern also gave media coverage about the construction company an impact score of 44.3114966204079 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s analysis:
- SHAREHOLDER REMINDER: Kessler Topaz Meltzer & Check, LLP Announces Deadline in Class Action Lawsuit Filed Against Forterra, Inc. (4-traders.com)
- UPCOMING DEADLINE: Lundin Law PC Announces Securities Class Action Lawsuit against Forterra, Inc. and Reminds Investors with Losses to Contact the Firm (finance.yahoo.com)
- SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Reminds Investors of Class Action Against Forterra, Inc. (FRTA) & Lead Plaintiff Deadline – October 13, 2017 (finance.yahoo.com)
- Scott+Scott, Attorneys at Law, LLP Reminds Investors of October 13th Lead Plaintiff Deadline in Federal Securities Case Against Forterra, Inc. (finance.yahoo.com)
- INVESTOR ALERT: Brower Piven Encourages Shareholders Who Have Losses In Excess Of $100,000 From Investment In Forterra, Inc. (Nasdaq: FRTA) To Contact Brower Piven Before The Lead Plaintiff Deadline In Class Action Lawsuit (finance.yahoo.com)
Several brokerages recently issued reports on FRTA. Citigroup Inc. decreased their target price on Forterra from $8.50 to $4.00 and set a “buy” rating on the stock in a research note on Monday, August 14th. Zacks Investment Research raised Forterra from a “sell” rating to a “hold” rating in a research note on Wednesday, August 30th. Barclays PLC downgraded Forterra from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $15.00 to $4.00 in a research note on Friday, August 11th. ValuEngine downgraded Forterra from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. Finally, Royal Bank Of Canada decreased their target price on Forterra from $16.00 to $10.00 and set a “sector perform” rating on the stock in a research note on Tuesday, June 27th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $15.56.
Forterra (NASDAQ:FRTA) last announced its earnings results on Thursday, August 10th. The construction company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.11). Forterra had a negative net margin of 4.72% and a negative return on equity of 45.03%. The firm had revenue of $436.69 million for the quarter, compared to analyst estimates of $449.68 million.
In related news, Director John R. Mcpherson purchased 23,449 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was purchased at an average price of $4.29 per share, with a total value of $100,596.21. Following the completion of the acquisition, the director now owns 24,579 shares in the company, valued at $105,443.91. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jeff Bradley purchased 25,000 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The stock was bought at an average cost of $3.97 per share, with a total value of $99,250.00. Following the acquisition, the chief executive officer now owns 109,336 shares of the company’s stock, valued at approximately $434,063.92. The disclosure for this purchase can be found here. Insiders have acquired 173,774 shares of company stock valued at $739,476 in the last three months. Insiders own 0.33% of the company’s stock.
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Forterra Company Profile
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