Construction Partners (NASDAQ:ROAD) Given New $67.00 Price Target at Stifel Nicolaus

Construction Partners (NASDAQ:ROAD) had its price target raised by investment analysts at Stifel Nicolaus from $61.00 to $67.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 10.49% from the company’s previous close.

Separately, Robert W. Baird raised their target price on Construction Partners from $50.00 to $60.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Construction Partners currently has an average rating of “Moderate Buy” and an average target price of $59.67.

Construction Partners Stock Performance

Shares of ROAD stock opened at $60.64 on Monday. The firm has a market cap of $3.20 billion, a P/E ratio of 51.83, a PEG ratio of 1.41 and a beta of 0.66. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.64 and a quick ratio of 1.28. Construction Partners has a fifty-two week low of $32.75 and a fifty-two week high of $66.78. The stock’s 50-day moving average is $57.29 and its two-hundred day moving average is $54.19.

Construction Partners (NASDAQ:ROAD) last issued its quarterly earnings data on Friday, August 9th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.05. Construction Partners had a net margin of 4.01% and a return on equity of 13.54%. The firm had revenue of $517.80 million for the quarter, compared to analyst estimates of $503.57 million. During the same quarter last year, the firm earned $0.41 earnings per share. The company’s revenue for the quarter was up 22.7% on a year-over-year basis. Analysts predict that Construction Partners will post 1.4 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. ICA Group Wealth Management LLC acquired a new stake in shares of Construction Partners in the fourth quarter valued at about $30,000. Covestor Ltd grew its holdings in Construction Partners by 17,700.0% in the 1st quarter. Covestor Ltd now owns 534 shares of the company’s stock valued at $30,000 after buying an additional 531 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in Construction Partners by 244.4% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,178 shares of the company’s stock worth $66,000 after buying an additional 836 shares during the period. USA Financial Formulas acquired a new position in shares of Construction Partners during the fourth quarter worth approximately $72,000. Finally, YHB Investment Advisors Inc. bought a new stake in shares of Construction Partners in the first quarter valued at approximately $116,000. Institutional investors and hedge funds own 94.83% of the company’s stock.

Construction Partners Company Profile

Construction Partners, Inc, a civil infrastructure company, constructs and maintains roadways in Alabama, Florida, Georgia, North Carolina, South Carolina, and Tennessee. The company provides various products and services to public and private infrastructure projects, such as highways, roads, bridges, airports, and commercial and residential developments.