Barclays Analysts Give Forterra (FRTA) a $8.00 Price Target

Forterra (NASDAQ:FRTA) received a $8.00 target price from investment analysts at Barclays in a report issued on Monday, January 8th. The firm currently has a “hold” rating on the construction company’s stock. Barclays’ target price suggests a potential downside of 22.71% from the company’s current price.

FRTA has been the subject of several other research reports. Zacks Investment Research raised shares of Forterra from a “sell” rating to a “hold” rating in a report on Monday, October 16th. Royal Bank of Canada reissued a “hold” rating and issued a $9.00 price target on shares of Forterra in a report on Wednesday, November 15th. Stephens reissued an “equal weight” rating and issued a $9.00 price target (up from $4.00) on shares of Forterra in a report on Wednesday, November 15th. Citigroup upped their price target on shares of Forterra from $4.00 to $9.00 and gave the company a “buy” rating in a report on Friday, November 10th. Finally, BidaskClub upgraded Forterra from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $11.50.

Shares of Forterra (NASDAQ FRTA) opened at $10.35 on Monday. The company has a current ratio of 2.56, a quick ratio of 1.43 and a debt-to-equity ratio of 15.19. Forterra has a 12 month low of $3.02 and a 12 month high of $20.60.

Forterra (NASDAQ:FRTA) last released its earnings results on Wednesday, November 8th. The construction company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.20). Forterra had a negative net margin of 5.97% and a negative return on equity of 69.57%. equities analysts expect that Forterra will post -0.37 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in FRTA. Capital World Investors bought a new stake in Forterra during the second quarter worth approximately $25,249,000. Frontier Capital Management Co. LLC bought a new stake in shares of Forterra in the third quarter valued at approximately $9,813,000. Redwood Capital Management LLC bought a new stake in shares of Forterra in the second quarter valued at approximately $7,700,000. First Trust Advisors LP bought a new stake in shares of Forterra in the third quarter valued at approximately $4,129,000. Finally, SG Capital Management LLC bought a new stake in shares of Forterra in the third quarter valued at approximately $2,664,000. 99.85% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: This article was originally reported by BBNS and is the sole property of of BBNS. If you are reading this article on another publication, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The correct version of this article can be accessed at https://baseballnewssource.com/markets/forterra-frta-stock-rating-reaffirmed-by-barclays/1817137.html.

Forterra Company Profile

Analyst Recommendations for Forterra (NASDAQ:FRTA)

Receive News & Ratings for Forterra Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Forterra and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Houston Astros Add Starter to Rotation
Houston Astros Add Starter to Rotation
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Justin Morneau Former Star With Twins and AL MVP Retires
Justin Morneau Former Star With Twins and AL MVP Retires
MLB Rumor: Pirates Discussing Andrew McCutchen with Mets
MLB Rumor: Pirates Discussing Andrew McCutchen with Mets


Leave a Reply

 
© 2006-2018 BBNS.