Suncrete’s (RMIX) “Buy” Rating Reiterated at B. Riley Financial

Suncrete (NASDAQ:RMIX)‘s stock had its “buy” rating reiterated by research analysts at B. Riley Financial in a research report issued on Wednesday,Benzinga reports. They presently have a $25.00 price objective on the stock, down from their previous price objective of $26.00. B. Riley Financial’s price target suggests a potential upside of 42.86% from the company’s current price.

RMIX has been the subject of several other research reports. Weiss Ratings raised shares of Suncrete from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday. Wall Street Zen upgraded shares of Suncrete to a “sell” rating in a report on Saturday, June 13th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Suncrete in a research note on Tuesday. Robert W. Baird initiated coverage on shares of Suncrete in a report on Wednesday, May 27th. They set an “outperform” rating and a $21.00 price objective for the company. Finally, Roth Capital assumed coverage on shares of Suncrete in a report on Thursday, May 14th. They set a “buy” rating and a $21.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $22.25.

Suncrete Stock Performance

Shares of NASDAQ:RMIX opened at $17.50 on Wednesday. The business has a 50 day moving average price of $19.92. Suncrete has a 52-week low of $9.20 and a 52-week high of $25.50.

Suncrete (NASDAQ:RMIX) last announced its quarterly earnings data on Friday, August 14th. The company reported ($0.72) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.70). The business had revenue of $97.23 million during the quarter, compared to analysts’ expectations of $104.93 million. The firm’s revenue was up 146.2% on a year-over-year basis. Equities research analysts anticipate that Suncrete will post 0.21 earnings per share for the current year.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Suncrete stock. Bank of New York Mellon Corp acquired a new position in Suncrete (NASDAQ:RMIX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,214,384 shares of the company’s stock, valued at approximately $27,360,000. Bank of New York Mellon Corp owned about 1.70% of Suncrete at the end of the most recent quarter. Institutional investors and hedge funds own 71.07% of the company’s stock.

About Suncrete

Haymaker Acquisition Corp. 4 is a blank check company. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or other business combination with one or more businesses or entities. Haymaker Acquisition Corp. 4 is based in New York.