Shares of Sterling Construction Company Inc (NASDAQ:STRL) have been assigned a consensus recommendation of “Buy” from the five research firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $17.00.

Several equities analysts have recently issued reports on STRL shares. Zacks Investment Research raised shares of Sterling Construction from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Thursday, October 19th. Canaccord Genuity reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Sterling Construction in a research note on Saturday, August 26th. BidaskClub cut shares of Sterling Construction from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Finally, TheStreet raised shares of Sterling Construction from a “c” rating to a “b-” rating in a research note on Wednesday, August 2nd.

TRADEMARK VIOLATION WARNING: “Sterling Construction Company Inc (STRL) Receives Average Recommendation of “Buy” from Brokerages” was originally posted by Daily Political and is owned by of Daily Political. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States & international trademark and copyright legislation. The original version of this article can be viewed at https://www.dailypolitical.com/2017/11/12/sterling-construction-company-inc-strl-receives-average-recommendation-of-buy-from-brokerages.html.

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Sterling Construction by 10.8% in the 1st quarter. Vanguard Group Inc. now owns 898,718 shares of the construction company’s stock worth $8,313,000 after purchasing an additional 87,436 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Sterling Construction by 14.0% in the second quarter. Russell Investments Group Ltd. now owns 140,085 shares of the construction company’s stock worth $1,830,000 after acquiring an additional 17,160 shares in the last quarter. Morgan Stanley increased its position in shares of Sterling Construction by 2,982.3% in the first quarter. Morgan Stanley now owns 169,097 shares of the construction company’s stock worth $1,564,000 after acquiring an additional 163,611 shares in the last quarter. Citadel Advisors LLC increased its position in shares of Sterling Construction by 84.3% in the second quarter. Citadel Advisors LLC now owns 31,713 shares of the construction company’s stock worth $414,000 after acquiring an additional 14,508 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. increased its position in shares of Sterling Construction by 43.3% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 45,700 shares of the construction company’s stock worth $596,000 after acquiring an additional 13,800 shares in the last quarter. 77.61% of the stock is currently owned by institutional investors.

Sterling Construction (STRL) opened at $17.32 on Friday. The company has a market cap of $468.52, a PE ratio of 115.47, a price-to-earnings-growth ratio of 3.54 and a beta of 0.39. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.42 and a current ratio of 1.44. Sterling Construction has a 52 week low of $7.28 and a 52 week high of $18.82.

Sterling Construction (NASDAQ:STRL) last announced its quarterly earnings data on Monday, October 30th. The construction company reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.04. The company had revenue of $304.20 million for the quarter, compared to analysts’ expectations of $263.69 million. Sterling Construction had a net margin of 0.25% and a return on equity of 3.90%. The business’s revenue was up 48.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS. equities research analysts forecast that Sterling Construction will post 0.44 earnings per share for the current year.

About Sterling Construction

Sterling Construction Company, Inc is a heavy civil construction company engaged in the building and reconstruction of transportation and water infrastructure projects in Texas, Utah, Nevada, Arizona, California, Hawaii and other states. The Company’s transportation infrastructure projects include highways, roads, bridges, airfields, ports and light rail.

Receive News & Ratings for Sterling Construction Company Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sterling Construction Company Inc and related companies with MarketBeat.com's FREE daily email newsletter.