Forterra (NASDAQ:FRTA) was downgraded by stock analysts at Goldman Sachs Group from a “neutral” rating to a “sell” rating in a research note issued to investors on Tuesday, Marketbeat reports. They currently have a $21.00 price objective on the construction company’s stock. Goldman Sachs Group’s target price indicates a potential upside of 202.16% from the company’s previous close.

FRTA has been the subject of a number of other research reports. Citigroup boosted their target price on Forterra from $4.00 to $9.00 and gave the stock a “buy” rating in a research report on Friday, November 10th. ValuEngine lowered Forterra from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Royal Bank of Canada boosted their target price 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 target price on Forterra and gave the stock a “hold” rating in a research report on Monday, January 8th. Finally, Zacks Investment Research raised Forterra from a “hold” rating to a “buy” rating and set a $8.50 target price for the company in a research report on Thursday, November 9th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. Forterra has an average rating of “Hold” and a consensus target price of $12.69.

Forterra (NASDAQ:FRTA) opened at $6.95 on Tuesday. Forterra has a 52-week low of $3.02 and a 52-week high of $20.60. 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 (NASDAQ:FRTA) last issued its earnings results on Wednesday, November 8th. The construction company reported ($0.14) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.20). Forterra had a negative return on equity of 69.57% and a negative net margin of 5.97%. research analysts anticipate that Forterra will post -0.37 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Frontier Capital Management Co. LLC increased its position in shares of Forterra by 53.1% during the 4th quarter. Frontier Capital Management Co. LLC now owns 3,337,684 shares of the construction company’s stock valued at $37,048,000 after purchasing an additional 1,157,027 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Forterra by 151.5% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 78,212 shares of the construction company’s stock valued at $869,000 after purchasing an additional 47,112 shares during the last quarter. Bank of Montreal Can increased its position in shares of Forterra by 379.5% during the 4th quarter. Bank of Montreal Can now owns 9,590 shares of the construction company’s stock valued at $107,000 after purchasing an additional 7,590 shares during the last quarter. Royce & Associates LP purchased a new stake in shares of Forterra during the 3rd quarter valued at about $1,701,000. Finally, Brave Asset Management Inc. purchased a new stake in shares of Forterra during the 3rd quarter valued at about $163,000.

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Forterra Company Profile

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)

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