Suncrete (NASDAQ:RMIX) Given Consensus Recommendation of “Buy” by Analysts

Suncrete (NASDAQ:RMIX) has received an average rating of “Buy” from the six analysts that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $22.25.

A number of research analysts recently commented on RMIX shares. Wall Street Zen upgraded Suncrete to a “sell” rating in a research note on Saturday, June 13th. B. Riley Financial reiterated a “buy” rating and set a $25.00 price target (down from $26.00) on shares of Suncrete in a research note on Wednesday, August 19th. Jefferies Financial Group reissued a “buy” rating and issued a $22.00 price target on shares of Suncrete in a report on Tuesday, August 18th. Roth Capital started coverage on shares of Suncrete in a research note on Thursday, May 14th. They issued a “buy” rating and a $21.00 price objective for the company. Finally, Robert W. Baird started coverage on shares of Suncrete in a report on Wednesday, May 27th. They set an “outperform” rating and a $21.00 price objective for the company.

Suncrete Stock Down 2.0%

Shares of RMIX opened at $17.15 on Thursday. The firm’s 50-day moving average price is $19.02. The company has a quick ratio of 1.15, a current ratio of 1.40 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of -122.50 and a beta of 0.72. Suncrete has a 12-month low of $9.20 and a 12-month high of $25.50.

Suncrete (NASDAQ:RMIX) last announced its quarterly earnings data on Friday, August 14th. The company reported ($0.72) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.70). The business had revenue of $97.23 million during the quarter, compared to the consensus estimate of $104.93 million. The firm’s quarterly revenue was up 146.2% on a year-over-year basis. Equities research analysts expect that Suncrete will post -0.01 EPS for the current year.

Institutional Trading of Suncrete

Large investors have recently added to or reduced their stakes in the company. Susquehanna International Group LLP acquired a new stake in shares of Suncrete in the second quarter valued at approximately $285,000. Harraden Circle Investments LLC acquired a new position in Suncrete during the 2nd quarter worth $17,647,000. Bank of New York Mellon Corp acquired a new position in Suncrete during the 2nd quarter worth $27,360,000. Finally, Alyeska Investment Group L.P. bought a new position in Suncrete in the 2nd quarter valued at $78,044,000. 71.07% of the stock is owned by institutional investors.

About Suncrete

Haymaker Acquisition Corp. 4 is a blank check company. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or other business combination with one or more businesses or entities. Haymaker Acquisition Corp. 4 is based in New York.