Construction Partners Inc (ROAD) Receives $14.60 Consensus Price Target from Analysts
Construction Partners Inc (NASDAQ:ROAD) has earned an average recommendation of “Buy” from the seven brokerages that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $14.60.
Several equities research analysts recently commented on the stock. Zacks Investment Research downgraded shares of Construction Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, January 29th. Imperial Capital restated a “buy” rating and issued a $14.00 price target on shares of Construction Partners in a research report on Thursday, February 14th. Raymond James set a $14.00 price target on shares of Construction Partners and gave the company a “buy” rating in a research report on Thursday, February 14th. Finally, DA Davidson set a $15.00 price target on shares of Construction Partners and gave the company a “buy” rating in a research report on Friday, November 23rd.
In related news, Director Ned N. Fleming III bought 4,000 shares of the business’s stock in a transaction on Friday, December 21st. The stock was bought at an average price of $8.47 per share, for a total transaction of $33,880.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 74.79% of the stock is owned by corporate insiders.
Shares of NASDAQ:ROAD opened at $12.27 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.30 and a quick ratio of 2.03. The company has a market capitalization of $628.33 million and a P/E ratio of 14.27. Construction Partners has a 52 week low of $7.70 and a 52 week high of $14.06.
Construction Partners (NASDAQ:ROAD) last issued its quarterly earnings results on Monday, February 11th. The company reported $0.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.04). The firm had revenue of $154.33 million during the quarter, compared to analysts’ expectations of $170.23 million. Construction Partners had a net margin of 6.57% and a return on equity of 12.92%. On average, research analysts expect that Construction Partners will post 0.77 earnings per share for the current year.
About Construction Partners
Construction Partners, Inc, an infrastructure and road construction company, provides construction products and services to public and private sectors. It offers construction of highways, roads, bridges, airports, and commercial and residential sites. The company provides a range of sitework construction services, including site development, paving, and utility and drainage systems construction, as well as supplies hot mix asphalt required for the projects.
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