Forterra Inc (NASDAQ:FRTA) has been assigned an average recommendation of “Hold” from the nine brokerages that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $11.42.

Several research analysts have weighed in on FRTA shares. Zacks Investment Research downgraded shares of Forterra from a “hold” rating to a “sell” rating in a research report on Tuesday, November 6th. BidaskClub cut shares of Forterra from a “hold” rating to a “sell” rating in a research note on Thursday, September 13th. Oppenheimer set a $13.00 price objective on shares of Forterra and gave the stock a “buy” rating in a research note on Wednesday, October 31st. Barclays increased their price objective on shares of Forterra from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Monday, August 13th. Finally, Citigroup increased their price objective on shares of Forterra from $9.50 to $10.50 and gave the stock a “neutral” rating in a research note on Thursday, August 9th.

FRTA traded up $0.11 during trading on Friday, hitting $4.54. The company’s stock had a trading volume of 972 shares, compared to its average volume of 410,726. The company has a current ratio of 2.22, a quick ratio of 1.24 and a debt-to-equity ratio of 10.83. Forterra has a one year low of $4.19 and a one year high of $12.30. The company has a market capitalization of $294.05 million, a PE ratio of -5.72 and a beta of 2.43.

Forterra (NASDAQ:FRTA) last released its quarterly earnings results on Tuesday, November 6th. The construction company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.02). Forterra had a negative return on equity of 23.03% and a net margin of 2.38%. The business had revenue of $434.51 million during the quarter, compared to the consensus estimate of $449.72 million. During the same quarter in the previous year, the business posted ($0.18) earnings per share. The firm’s revenue was down 2.2% on a year-over-year basis. Equities analysts forecast that Forterra will post -0.41 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in FRTA. Dimensional Fund Advisors LP purchased a new position in Forterra during the first quarter valued at $538,000. Guggenheim Capital LLC grew its stake in Forterra by 42.9% during the first quarter. Guggenheim Capital LLC now owns 40,362 shares of the construction company’s stock valued at $336,000 after acquiring an additional 12,121 shares in the last quarter. Millennium Management LLC purchased a new position in Forterra during the first quarter valued at $774,000. First Trust Advisors LP grew its stake in Forterra by 2.4% during the second quarter. First Trust Advisors LP now owns 545,139 shares of the construction company’s stock valued at $5,304,000 after acquiring an additional 12,666 shares in the last quarter. Finally, Engineers Gate Manager LP purchased a new position in Forterra during the second quarter valued at $369,000.

Forterra Company Profile

Forterra, Inc manufactures and sells water and drainage pipe and products in the United States and Eastern Canada. It also manufactures structural and specialty precast products, and precast concrete bridge girders; and pressure, prestressed concrete, and bar-wrapped concrete pipes. The company serves water-related infrastructure applications, including water transmission, distribution, and drainage; and contractors, distributors, municipalities, and utilities waterworks.

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Analyst Recommendations for Forterra (NASDAQ:FRTA)

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