FORTERRA INC (FRTA) Given Hold Rating at Royal Bank Of Canada
Other equities research analysts also recently issued reports about the company. ValuEngine upgraded FORTERRA INC from a hold rating to a buy rating in a research report on Friday, August 11th. Barclays PLC restated a buy rating and issued a $15.00 target price (down from $18.00) on shares of FORTERRA INC in a research report on Monday, July 24th. Citigroup Inc. cut their target price on FORTERRA INC from $8.50 to $4.00 and set a buy rating for the company in a research report on Monday, August 14th. Finally, Zacks Investment Research upgraded FORTERRA INC from a sell rating to a hold rating in a research report on Thursday, September 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. The company has an average rating of Hold and an average price target of $14.06.
FORTERRA INC (FRTA) opened at 5.41 on Tuesday. The firm’s market capitalization is $347.34 million. FORTERRA INC has a one year low of $3.66 and a one year high of $22.76. The company’s 50-day moving average price is $4.54 and its 200 day moving average price is $4.54.
FORTERRA INC (NASDAQ:FRTA) last released its earnings results on Thursday, August 10th. The construction company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.11). The firm had revenue of $436.69 million during the quarter, compared to analyst estimates of $449.68 million. FORTERRA INC had a negative return on equity of 45.03% and a negative net margin of 4.72%. On average, analysts forecast that FORTERRA INC will post ($0.53) earnings per share for the current year.
In related news, Director John R. Mcpherson acquired 23,449 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was bought at an average price of $4.29 per share, for a total transaction of $100,596.21. Following the transaction, the director now owns 24,579 shares of the company’s stock, valued at $105,443.91. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Lori M. Browne acquired 10,000 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were bought at an average price of $4.27 per share, with a total value of $42,700.00. Following the transaction, the insider now directly owns 27,057 shares in the company, valued at approximately $115,533.39. The disclosure for this purchase can be found here. Insiders have bought a total of 173,774 shares of company stock valued at $739,476 in the last quarter. Insiders own 0.33% of the company’s stock.
Several large investors have recently made changes to their positions in FRTA. Voya Investment Management LLC acquired a new stake in shares of FORTERRA INC during the 2nd quarter valued at $104,000. Credit Agricole S A acquired a new stake in shares of FORTERRA INC during the 1st quarter valued at $139,000. Rhumbline Advisers lifted its position in shares of FORTERRA INC by 28.7% during the 2nd quarter. Rhumbline Advisers now owns 19,598 shares of the construction company’s stock valued at $161,000 after acquiring an additional 4,365 shares during the last quarter. American International Group Inc. acquired a new stake in shares of FORTERRA INC during the 1st quarter valued at $217,000. Finally, Taylor Asset Management Inc. acquired a new stake in shares of FORTERRA INC during the 2nd quarter valued at $240,000.
FORTERRA INC Company Profile
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