Shares of Forterra Inc (NASDAQ:FRTA) have earned an average recommendation of “Hold” from the eleven analysts that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $19.00.
A number of analysts recently commented on FRTA shares. Seaport Global Securities reiterated a “buy” rating and issued a $23.00 target price on shares of Forterra in a report on Friday, April 28th. Citigroup Inc. lifted their target price on shares of Forterra from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, April 3rd. Royal Bank of Canada reissued a “buy” rating and issued a $23.00 target price on shares of Forterra in a research report on Friday, March 24th. ValuEngine raised shares of Forterra from a “hold” rating to a “buy” rating in a research report on Thursday, June 1st. Finally, Zacks Investment Research raised shares of Forterra from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 9th.
Hedge funds have recently bought and sold shares of the stock. State Street Corp acquired a new stake in Forterra during the fourth quarter worth about $4,959,000. Peregrine Asset Advisers Inc. acquired a new stake in Forterra during the fourth quarter worth about $676,000. Marshall Wace LLP acquired a new stake in Forterra during the fourth quarter worth about $551,000. BlueMar Capital Management LLC acquired a new stake in Forterra during the fourth quarter worth about $882,000. Finally, Davidson Kempner Capital Management LP purchased a new stake in shares of Forterra during the fourth quarter worth $4,328,000. Hedge funds and other institutional investors own 99.76% of the company’s stock.
Forterra (FRTA) traded up 5.95% during midday trading on Tuesday, hitting $6.41. The stock had a trading volume of 1,228,678 shares. The stock’s market cap is $411.12 million. Forterra has a 12 month low of $6.01 and a 12 month high of $22.76. The stock has a 50 day moving average of $11.84 and a 200 day moving average of $17.41.
Forterra (NASDAQ:FRTA) last released its earnings results on Monday, May 15th. The construction company reported ($0.31) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by $0.24. The company had revenue of $338.30 million for the quarter, compared to analyst estimates of $340.24 million. Analysts expect that Forterra will post $0.34 EPS for the current fiscal year.
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Forterra Company Profile
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