Forterra (FRTA) Receives News Impact Score of 0.21
Media coverage about Forterra (NASDAQ:FRTA) has been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Forterra earned a news sentiment score of 0.21 on Accern’s scale. Accern also assigned headlines about the construction company an impact score of 47.1707271571368 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern’s rankings:
- FORTERRA INC (FRTA) Given New $9.00 Price Target at Citigroup Inc. (americanbankingnews.com)
- Brokers Offer Predictions for Forterra Inc’s Q4 2017 Earnings (FRTA) (americanbankingnews.com)
- Forterra Inc (FRTA) Upgraded to “Buy” at Zacks Investment Research (americanbankingnews.com)
- FY2018 Earnings Forecast for Forterra Inc Issued By Oppenheimer Holdings (FRTA) (americanbankingnews.com)
- Forterra Higher By 50% Despite Q3 Miss (benzinga.com)
FRTA has been the topic of several research analyst reports. Zacks Investment Research raised shares of Forterra from a “sell” rating to a “hold” rating in a research note on Thursday, September 7th. ValuEngine cut shares of Forterra from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. Barclays PLC reissued a “buy” rating and set a $15.00 target price (down previously from $18.00) on shares of Forterra in a research note on Monday, July 24th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $3.50 price objective on shares of Forterra in a research note on Tuesday, October 10th. Finally, Citigroup Inc. lowered their price objective on shares of Forterra from $8.50 to $4.00 and set a “buy” rating on the stock in a research note on Monday, August 14th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $14.50.
Shares of Forterra (NASDAQ FRTA) traded up $0.33 on Monday, hitting $8.54. 1,487,800 shares of the stock traded hands, compared to its average volume of 861,881. The company has a debt-to-equity ratio of 15.19, a quick ratio of 1.43 and a current ratio of 2.56. Forterra has a 12 month low of $3.02 and a 12 month high of $22.76.
Forterra (NASDAQ:FRTA) last announced its quarterly earnings data on Thursday, August 10th. The construction company reported ($0.02) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.11). The business had revenue of $436.69 million during the quarter, compared to analyst estimates of $449.68 million. Forterra had a negative return on equity of 69.57% and a negative net margin of 5.97%. research analysts forecast that Forterra will post -0.41 EPS for the current fiscal year.
In other news, CEO Jeff Bradley bought 25,000 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was bought at an average cost of $3.97 per share, for a total transaction of $99,250.00. Following the completion of the acquisition, the chief executive officer now directly owns 109,336 shares in the company, valued at approximately $434,063.92. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Chris Meyer bought 62,500 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was purchased at an average price of $4.03 per share, with a total value of $251,875.00. Following the completion of the acquisition, the director now owns 62,500 shares of the company’s stock, valued at $251,875. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 151,574 shares of company stock valued at $632,916. Corporate insiders own 0.33% of the company’s stock.
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