Forterra Inc (NASDAQ:FRTA) – Equities researchers at Oppenheimer Holdings issued their FY2016 earnings estimates for Forterra in a research report issued to clients and investors on Monday. Oppenheimer Holdings analyst I. Zaffino forecasts that the brokerage will post earnings of ($0.69) per share for the year. Oppenheimer Holdings currently has a “Outperform” rating and a $23.00 target price on the stock. Oppenheimer Holdings also issued estimates for Forterra’s Q4 2016 earnings at ($0.58) EPS, FY2017 earnings at $0.58 EPS and FY2018 earnings at $1.48 EPS.

A number of other equities research analysts have also weighed in on FRTA. Royal Bank Of Canada began coverage on shares of Forterra in a report on Monday. They issued an “outperform” rating and a $22.00 target price on the stock. Goldman Sachs Group Inc. initiated coverage on shares of Forterra in a report on Monday. They issued a “neutral” rating and a $21.00 price objective for the company. Deutsche Bank AG initiated coverage on shares of Forterra in a report on Monday. They issued a “hold” rating and a $20.00 price objective for the company. Citigroup Inc. initiated coverage on shares of Forterra in a report on Monday. They issued a “buy” rating and a $22.00 price objective for the company. Finally, SunTrust Banks Inc. initiated coverage on shares of Forterra in a report on Monday. They issued a “buy” rating and a $23.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $21.86.

Forterra (NASDAQ:FRTA) opened at 18.20 on Wednesday. The firm has a 50-day moving average price of $17.34 and a 200 day moving average price of $17.34. Forterra has a 52-week low of $16.24 and a 52-week high of $19.23.

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