In a report released on May 14, Stanley Elliott from Stifel Nicolaus maintained a Buy rating on Construction Partners (ROAD – Research Report), with a price target of $61.00. The company’s shares closed yesterday at $57.24.
Elliott covers the Industrials sector, focusing on stocks such as WillScot Mobile Mini Holdings, MSA Safety, and Astec. According to TipRanks, Elliott has an average return of 19.6% and a 72.19% success rate on recommended stocks.
Currently, the analyst consensus on Construction Partners is a Hold with an average price target of $57.50.
Based on Construction Partners’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $371.43 million and a GAAP net loss of $1.12 million. In comparison, last year the company earned a revenue of $324.85 million and had a GAAP net loss of $5.48 million
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Construction Partners (ROAD) Company Description:
Construction Partners, Inc. engages in construction of roadways and highways. It acquires road construction companies with services in asphalt production, paving and other construction services for both the public and private sectors. The company was founded by Ned N. Fleming & Charles E. Owens in 1999 and is headquartered in Dothan, AL.
Read More on ROAD:
- Construction Partners price target raised to $60 from $50 at Baird
- Construction Partners, Inc. Announces Fiscal 2024 Second Quarter Results
- Construction Partners sees FY24 revenue $1.81B-$1.85B, consensus $1.8B
- Construction Partners reports Q2 EPS (2c), consensus (4c)
- ROAD Earnings this Week: How Will it Perform?
