Forterra Inc (FRTA) Receives $13.29 Consensus PT from Brokerages

Shares of Forterra Inc (NASDAQ:FRTA) have earned a consensus rating of “Hold” from the ten analysts that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $13.29.

Several research firms have recently issued reports on FRTA. Citigroup lifted their price target on Forterra from $4.00 to $9.00 and gave the stock a “buy” rating in a research report on Friday, November 10th. Royal Bank of Canada lifted their price target on Forterra from $3.50 to $8.00 and gave the stock a “market perform” rating in a research report on Thursday, November 9th. Barclays set a $8.00 price target on Forterra and gave the stock a “hold” rating in a research report on Monday, January 8th. Zacks Investment Research raised Forterra from a “hold” rating to a “buy” rating and set a $8.50 price target for the company in a research report on Thursday, November 9th. Finally, Stephens reaffirmed an “equal weight” rating and issued a $9.00 price target (up previously from $4.00) on shares of Forterra in a research report on Wednesday, November 15th.

A number of large investors have recently modified their holdings of the business. Frontier Capital Management Co. LLC raised its position in Forterra by 53.1% in the 4th quarter. Frontier Capital Management Co. LLC now owns 3,337,684 shares of the construction company’s stock worth $37,048,000 after buying an additional 1,157,027 shares during the last quarter. Vanguard Group Inc. raised its position in Forterra by 11.3% in the 2nd quarter. Vanguard Group Inc. now owns 1,639,962 shares of the construction company’s stock worth $13,497,000 after buying an additional 166,558 shares during the last quarter. Royce & Associates LP raised its position in Forterra by 227.9% in the 4th quarter. Royce & Associates LP now owns 1,239,700 shares of the construction company’s stock worth $13,761,000 after buying an additional 861,650 shares during the last quarter. Electron Capital Partners LLC raised its position in Forterra by 97.1% in the 4th quarter. Electron Capital Partners LLC now owns 1,083,005 shares of the construction company’s stock worth $12,021,000 after buying an additional 533,623 shares during the last quarter. Finally, First Trust Advisors LP raised its position in Forterra by 10.0% in the 4th quarter. First Trust Advisors LP now owns 1,009,128 shares of the construction company’s stock worth $11,201,000 after buying an additional 91,634 shares during the last quarter.

Forterra (FRTA) traded up $0.55 on Tuesday, hitting $7.96. The stock had a trading volume of 503,205 shares, compared to its average volume of 772,850. The company has a quick ratio of 1.43, a current ratio of 2.56 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.

TRADEMARK VIOLATION WARNING: This news story was reported by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of United States and international trademark & copyright legislation. The legal version of this news story can be viewed at https://stocknewstimes.com/2018/02/18/forterra-inc-frta-receives-13-29-consensus-pt-from-brokerages.html.

About Forterra

Forterra, Inc is a manufacturer of pipe and precast products. The Company offers products for a range of water-related infrastructure applications, including water transmission, distribution and drainage. The Company operates approximately 95 facilities. Its products are available in the United States and Eastern Canada.

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

Leave a Reply