Suncrete (NASDAQ:RMIX) Stock Has Consensus Price Target of $22.25 According to Analysts

Suncrete (NASDAQ:RMIX) has earned an average rating of “Buy” from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $22.25.

RMIX has been the subject of a number of analyst reports. Wall Street Zen downgraded Suncrete from a “sell” rating to a “strong sell” rating in a report on Saturday, October 3rd. Weiss Ratings lowered Suncrete from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, September 24th. Jefferies Financial Group restated a “buy” rating and set a $22.00 price objective on shares of Suncrete in a report on Tuesday, August 18th. Finally, B. Riley Financial restated a “buy” rating and set a $25.00 price objective (down from $26.00) on shares of Suncrete in a report on Wednesday, August 19th.

Suncrete Price Performance

NASDAQ:RMIX opened at $10.13 on Friday. The company has a current ratio of 1.40, a quick ratio of 1.15 and a debt-to-equity ratio of 0.56. The firm has a 50-day moving average price of $14.62. The stock has a market cap of $744.45 million, a PE ratio of -72.36 and a beta of 0.83. Suncrete has a 1-year low of $9.20 and a 1-year high of $25.50.

Suncrete (NASDAQ:RMIX) last announced its earnings results on Friday, August 14th. The company reported ($0.72) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.70). The firm had revenue of $97.23 million during the quarter, compared to the consensus estimate of $104.93 million. Suncrete’s quarterly revenue was up 146.2% compared to the same quarter last year. As a group, equities analysts expect that Suncrete will post -0.01 earnings per share for the current year.

Institutional Trading of Suncrete

A number of hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC bought a new stake in shares of Suncrete in the second quarter worth $29,000. State of Alaska Department of Revenue bought a new position in Suncrete during the 3rd quarter valued at $29,000. Central Pacific Bank Trust Division bought a new position in Suncrete during the 3rd quarter valued at $32,000. Susquehanna International Group LLP acquired a new position in Suncrete during the 2nd quarter worth $285,000. Finally, State Street Corp acquired a new position in Suncrete during the 2nd quarter worth $4,358,000. Institutional investors and hedge funds own 71.07% of the company’s stock.

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.