Latest Stocks: Forterra Inc (FRTA) Earns Overweight Rating from Barclays PLC

Latest Stocks: Forterra Inc (FRTA) Earns Overweight Rating from Barclays PLC

Forterra Inc (NASDAQ:FRTA)‘s stock had its “overweight” rating reaffirmed by analysts at Barclays PLC in a research report issued to clients and investors on Wednesday, May 17th. They presently have a $18.00 target price on the construction company’s stock, down from their previous target price of $23.00. Barclays PLC’s price target would suggest a potential upside of 138.73% from the stock’s previous close.

Several other equities analysts have also recently commented on the stock. Citigroup Inc cut shares of Forterra from a “buy” rating to a “neutral” rating and dropped their target price for the company from $23.00 to $17.00 in a research report on Tuesday, May 16th. SunTrust Banks, Inc. lowered shares of Forterra from a “buy” rating to a “hold” rating and set a $14.00 price target on the stock. in a report on Tuesday, May 16th. Royal Bank of Canada lowered shares of Forterra from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from $23.00 to $16.00 in a report on Tuesday, May 16th. Zacks Investment Research raised shares of Forterra from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 9th. Finally, Seaport Global Securities reaffirmed a “buy” rating and set a $23.00 price target on shares of Forterra in a report on Friday, April 28th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $19.22.

Shares of Forterra (FRTA) opened at 7.54 on Wednesday. The company’s market cap is $483.60 million. The company has a 50-day moving average of $14.92 and a 200-day moving average of $18.21. Forterra has a 1-year low of $7.01 and a 1-year high of $22.76.

Forterra (NASDAQ:FRTA) last issued its earnings results on Monday, May 15th. The construction company reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.07) by $0.24. The firm had revenue of $338.30 million for the quarter, compared to the consensus estimate of $340.24 million. Equities analysts forecast that Forterra will post $0.34 EPS for the current year. Large investors have recently bought and sold shares of the company. Pictet Asset Management Ltd. raised its stake in Forterra by 6.2% in the first quarter. Pictet Asset Management Ltd. now owns 1,817,218 shares of the construction company’s stock worth $35,436,000 after buying an additional 105,743 shares during the last quarter. FMR LLC acquired a new stake in Forterra during the first quarter worth $31,062,000. Vanguard Group Inc. raised its stake in Forterra by 10.6% in the first quarter. Vanguard Group Inc. now owns 1,473,404 shares of the construction company’s stock worth $28,731,000 after buying an additional 141,793 shares during the last quarter. Peregrine Capital Management LLC raised its stake in Forterra by 7.4% in the first quarter. Peregrine Capital Management LLC now owns 1,080,484 shares of the construction company’s stock worth $20,173,000 after buying an additional 74,293 shares during the last quarter. Finally, Stephens Investment Management Group LLC raised its stake in Forterra by 8.3% in the first quarter. Stephens Investment Management Group LLC now owns 1,037,354 shares of the construction company’s stock worth $20,228,000 after buying an additional 79,499 shares during the last quarter. 3.99% of the stock is currently owned by hedge funds and other institutional investors.

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