News headlines about Forterra (NASDAQ:FRTA) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Forterra earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned news headlines about the construction company an impact score of 47.003379851963 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
FRTA has been the topic of a number of recent research reports. Goldman Sachs downgraded Forterra from a “neutral” rating to a “sell” rating and set a $21.00 target price on the stock. in a research note on Tuesday, January 30th. Zacks Investment Research downgraded Forterra from a “buy” rating to a “hold” rating in a research note on Monday, January 1st. BidaskClub downgraded Forterra from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 13th. Barclays set a $8.00 target price on Forterra and gave the stock a “hold” rating in a research note on Monday, January 8th. Finally, ValuEngine downgraded Forterra from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $11.81.
Shares of Forterra (FRTA) traded down $0.10 during mid-day trading on Tuesday, reaching $8.33. The company’s stock had a trading volume of 107,205 shares, compared to its average volume of 633,932. The company has a current ratio of 2.39, a quick ratio of 1.41 and a debt-to-equity ratio of 9.54. Forterra has a 52 week low of $3.02 and a 52 week high of $20.47.
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Forterra Company Profile
Forterra, Inc is a manufacturer of pipe and precast products. The Company offers products for a range of water-related infrastructure applications, including water transmission, distribution and drainage. The Company operates approximately 95 facilities. Its products are available in the United States and Eastern Canada.
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