Zacks Investment Research upgraded shares of Forterra (NASDAQ:FRTA) from a sell rating to a hold rating in a research report released on Monday.

According to Zacks, “Forterra, Inc. is a manufacturer of concrete and clay building products. It operates primarily in the United States, Canada and the United Kingdom. Forterra, Inc. is headquartered in Irving, Texas. “

A number of other equities analysts have also commented on the stock. BidaskClub lowered shares of Forterra from a buy rating to a hold rating in a research report on Tuesday, August 21st. Barclays raised their price objective on shares of Forterra from $8.00 to $9.00 and gave the company an equal weight rating in a research report on Monday, August 13th. Citigroup raised their price objective on shares of Forterra from $9.50 to $10.50 and gave the company a neutral rating in a research report on Thursday, August 9th. ValuEngine lowered shares of Forterra from a buy rating to a hold rating in a research report on Tuesday, June 26th. Finally, Deutsche Bank raised their price objective on shares of Forterra from $7.00 to $8.00 and gave the company a hold rating in a research report on Monday, June 25th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. Forterra currently has a consensus rating of Hold and an average price target of $10.47.

FRTA stock opened at $8.74 on Monday. The company has a debt-to-equity ratio of 11.59, a current ratio of 2.15 and a quick ratio of 1.14. Forterra has a 12 month low of $3.02 and a 12 month high of $12.30. The company has a market capitalization of $586.28 million, a PE ratio of -11.06 and a beta of 0.64.

Forterra (NASDAQ:FRTA) last released its quarterly earnings data on Wednesday, August 8th. The construction company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. Forterra had a net margin of 1.24% and a negative return on equity of 37.94%. The company had revenue of $416.10 million during the quarter, compared to analyst estimates of $421.81 million. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. equities research analysts predict that Forterra will post -0.3 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. BlueMountain Capital Management LLC purchased a new stake in Forterra in the second quarter valued at approximately $102,000. Jane Street Group LLC purchased a new stake in Forterra in the first quarter valued at approximately $100,000. Koch Industries Inc. purchased a new stake in Forterra in the first quarter valued at approximately $114,000. Barclays PLC raised its stake in Forterra by 415.1% in the first quarter. Barclays PLC now owns 15,252 shares of the construction company’s stock valued at $128,000 after purchasing an additional 12,291 shares in the last quarter. Finally, Trexquant Investment LP purchased a new stake in Forterra in the first quarter valued at approximately $133,000.

About Forterra

Forterra, Inc manufactures and sells water and drainage pipe and products in the United States and Eastern Canada. It also manufactures structural and specialty precast products, and precast concrete bridge girders; and pressure, prestressed concrete, and bar-wrapped concrete pipes. The company serves water-related infrastructure applications, including water transmission, distribution, and drainage; and contractors, distributors, municipalities, and utilities waterworks.

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