Somewhat Positive News Coverage Somewhat Unlikely to Affect Forterra (FRTA) Stock Price
News stories about Forterra (NASDAQ:FRTA) have been trending somewhat positive recently, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Forterra earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media stories about the construction company an impact score of 46.2707686505947 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
A number of analysts recently commented on FRTA shares. Citigroup lifted their price objective on Forterra from $4.00 to $9.00 and gave the stock a “buy” rating in a research report on Friday, November 10th. Zacks Investment Research upgraded Forterra from a “hold” rating to a “buy” rating and set a $8.50 price objective for the company in a research report on Thursday, November 9th. ValuEngine upgraded Forterra from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Barclays lifted their price objective on Forterra from $4.00 to $7.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 14th. Finally, Stephens restated an “equal weight” rating and set a $9.00 target price (up from $4.00) on shares of Forterra in a research report on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $11.36.
Forterra (NASDAQ:FRTA) opened at $9.18 on Friday. Forterra has a 12-month low of $3.02 and a 12-month high of $22.76. The company has a debt-to-equity ratio of 15.19, a quick ratio of 1.43 and a current ratio of 2.56.
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