US Concrete (NASDAQ:USCR) had its target price lowered by investment analysts at SunTrust Banks to $47.00 in a note issued to investors on Wednesday, The Fly reports. The firm currently has a “buy” rating on the construction company’s stock. SunTrust Banks’ price objective indicates a potential upside of 37.63% from the stock’s current price.

USCR has been the topic of a number of other reports. BidaskClub downgraded shares of US Concrete from a “hold” rating to a “sell” rating in a research note on Friday, September 28th. Sidoti began coverage on shares of US Concrete in a research note on Monday, October 15th. They set a “buy” rating on the stock. DA Davidson reiterated a “buy” rating and set a $87.00 price objective (down from $95.00) on shares of US Concrete in a research note on Thursday, October 11th. ValuEngine upgraded shares of US Concrete from a “strong sell” rating to a “sell” rating in a research note on Wednesday, November 7th. Finally, Zacks Investment Research downgraded shares of US Concrete from a “hold” rating to a “sell” rating in a research note on Saturday, October 13th. Three investment analysts have rated the stock with a sell rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $76.17.

Shares of USCR stock opened at $34.15 on Wednesday. The firm has a market capitalization of $600.66 million, a PE ratio of 12.60, a PEG ratio of 1.34 and a beta of 1.38. The company has a quick ratio of 1.10, a current ratio of 1.28 and a debt-to-equity ratio of 2.08. US Concrete has a twelve month low of $27.68 and a twelve month high of $86.35.

US Concrete (NASDAQ:USCR) last announced its earnings results on Thursday, November 1st. The construction company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $1.15 by ($0.42). US Concrete had a net margin of 1.69% and a return on equity of 10.56%. The firm had revenue of $404.27 million during the quarter, compared to analysts’ expectations of $411.35 million. During the same quarter last year, the company posted $1.45 earnings per share. US Concrete’s revenue for the quarter was up 14.0% compared to the same quarter last year. On average, research analysts predict that US Concrete will post 2.67 EPS for the current year.

In other US Concrete news, Director Kurt Matthew Cellar bought 5,000 shares of the company’s stock in a transaction on Thursday, September 6th. The shares were bought at an average cost of $48.40 per share, with a total value of $242,000.00. Following the completion of the acquisition, the director now owns 47,309 shares of the company’s stock, valued at $2,289,755.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders have acquired 7,500 shares of company stock worth $356,100 and have sold 390 shares worth $15,933. Corporate insiders own 5.30% of the company’s stock.

Large investors have recently modified their holdings of the business. Advisory Services Network LLC raised its holdings in shares of US Concrete by 1,706.1% during the second quarter. Advisory Services Network LLC now owns 2,059 shares of the construction company’s stock worth $105,000 after purchasing an additional 1,945 shares during the period. NumerixS Investment Technologies Inc acquired a new stake in shares of US Concrete during the second quarter worth $154,000. SG Americas Securities LLC acquired a new stake in shares of US Concrete during the second quarter worth $181,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of US Concrete during the third quarter worth $208,000. Finally, Stevens Capital Management LP acquired a new stake in shares of US Concrete during the second quarter worth $230,000.

US Concrete Company Profile

U.S. Concrete, Inc, through its subsidiaries, produces and sells ready-mixed concrete, aggregates, and concrete-related products and services to the construction industry in the United States and Canada. It operates through two segments, Ready-Mixed Concrete and Aggregate Products. The Ready-Mixed Concrete segment engages in the formulation, preparation, and delivery of ready-mixed concrete to customers' job sites; and the provision of various services that include the formulation of mixtures for specific design uses, on-site and lab-based product quality control, and customized delivery programs.

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Analyst Recommendations for US Concrete (NASDAQ:USCR)

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