Forterra Inc (NASDAQ:FRTA) has earned a consensus rating of “Hold” from the ten ratings firms that are presently covering the company. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $19.00.
Several equities research analysts recently commented on the stock. Zacks Investment Research raised shares of Forterra from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 9th. Royal Bank of Canada reissued a “sector perform” rating and issued a $16.00 price target (down previously from $23.00) on shares of Forterra in a report on Friday, May 12th. Seaport Global Securities reissued a “buy” rating and issued a $23.00 price target on shares of Forterra in a report on Friday, April 28th. Citigroup Inc boosted their price target on shares of Forterra from $22.00 to $23.00 and gave the stock a “buy” rating in a report on Monday, April 3rd. Finally, SunTrust Banks, Inc. lowered shares of Forterra from a “buy” rating to a “hold” rating and set a $14.00 price target for the company. in a report on Tuesday.
Shares of Forterra (NASDAQ:FRTA) opened at 10.54 on Monday. The firm has a 50-day moving average of $17.86 and a 200 day moving average of $18.91. Forterra has a 1-year low of $10.10 and a 1-year high of $22.76. The stock’s market cap is $676.01 million.
Forterra (NASDAQ:FRTA) last posted its earnings results on Monday, May 15th. The construction company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by $0.24. The company had revenue of $338.30 million for the quarter, compared to analysts’ expectations of $340.24 million. Equities research analysts forecast that Forterra will post $0.42 earnings per share for the current year.
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Several large investors have recently added to or reduced their stakes in FRTA. 1st Global Advisors Inc. raised its stake in Forterra by 4.2% in the first quarter. 1st Global Advisors Inc. now owns 14,003 shares of the construction company’s stock worth $273,000 after buying an additional 565 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in Forterra by 5.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 67,654 shares of the construction company’s stock worth $1,320,000 after buying an additional 3,762 shares during the last quarter. Teachers Advisors LLC raised its stake in Forterra by 14.6% in the first quarter. Teachers Advisors LLC now owns 34,705 shares of the construction company’s stock worth $677,000 after buying an additional 4,410 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. acquired a new stake in Forterra during the fourth quarter worth about $109,000. Finally, United Capital Financial Advisers LLC raised its stake in Forterra by 3.9% in the first quarter. United Capital Financial Advisers LLC now owns 146,367 shares of the construction company’s stock worth $2,854,000 after buying an additional 5,456 shares during the last quarter. 3.99% of the stock is owned by institutional investors and hedge funds.
Forterra Company Profile
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