In a report released today, Garik Shmois from Loop Capital Markets maintained a Buy rating on Arcosa (ACA – Research Report), with a price target of $88.00. The company’s shares closed last Friday at $77.99.
According to TipRanks, Shmois is a 5-star analyst with an average return of 14.6% and a 69.92% success rate. Shmois covers the Industrials sector, focusing on stocks such as American Woodmark, Beacon Roofing Supply, and Carlisle Companies.
Arcosa has an analyst consensus of Moderate Buy, with a price target consensus of $86.50.
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Based on Arcosa’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $584.8 million and a net profit of $40.9 million. In comparison, last year the company earned a revenue of $535.8 million and had a net profit of $20.2 million
Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ACA in relation to earlier this year.
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Arcosa, Inc. engages in the provision of infrastructure-related products and services. It operates through the following segments: Construction Products, Energy Equipment, and Transportation Products. The Construction Products segment produces and sells construction aggregates, and manufactures and sells trench shields and shoring products and services for infrastructure-related projects. The Energy Equipment manufactures and sells products for energy-related businesses, including structural wind towers, steel utility structures for electricity transmission and distribution, and storage and distribution containers. The Transportation Products segment covers the manufacture and sale of products for the inland waterway and rail transportation industries, including barges, barge-related products, axles, and couplers. The company was founded in December 2017 and is headquartered in Dallas, TX.
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