BidaskClub downgraded shares of Forterra (NASDAQ:FRTA) from a buy rating to a hold rating in a research note published on Saturday, BidAskClub reports.

Several other analysts also recently weighed in on the stock. Barclays set a $6.00 target price on shares of Forterra and gave the stock a hold rating in a research report on Wednesday, May 8th. Zacks Investment Research raised shares of Forterra from a hold rating to a buy rating and set a $4.75 price objective on the stock in a report on Friday, March 22nd. Finally, Citigroup boosted their target price on shares of Forterra from $4.50 to $5.50 and gave the company a neutral rating in a research note on Thursday, March 14th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Forterra presently has a consensus rating of Hold and a consensus target price of $7.00.

NASDAQ:FRTA opened at $4.13 on Friday. The stock has a market cap of $295.77 million, a P/E ratio of -9.39 and a beta of 2.29. Forterra has a twelve month low of $3.25 and a twelve month high of $10.06. The company has a debt-to-equity ratio of 15.85, a quick ratio of 1.14 and a current ratio of 2.57. The stock’s 50 day moving average is $5.12.

Forterra (NASDAQ:FRTA) last released its earnings results on Monday, May 6th. The construction company reported ($0.39) earnings per share for the quarter, topping the consensus estimate of ($0.54) by $0.15. The company had revenue of $291.90 million for the quarter, compared to the consensus estimate of $275.84 million. Forterra had a negative net margin of 1.99% and a negative return on equity of 26.15%. Forterra’s revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.31) EPS. As a group, research analysts anticipate that Forterra will post -0.41 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the business. Intrinsic Edge Capital Management LLC acquired a new position in Forterra during the fourth quarter worth $1,446,000. Royce & Associates LP raised its position in Forterra by 15.5% during the fourth quarter. Royce & Associates LP now owns 2,202,367 shares of the construction company’s stock worth $8,281,000 after acquiring an additional 294,992 shares during the period. Vanguard Group Inc. raised its position in Forterra by 1.8% during the third quarter. Vanguard Group Inc. now owns 1,331,578 shares of the construction company’s stock worth $9,933,000 after acquiring an additional 24,174 shares during the period. Alambic Investment Management L.P. acquired a new position in Forterra during the fourth quarter worth $100,000. Finally, Principal Financial Group Inc. raised its position in Forterra by 22.6% during the fourth quarter. Principal Financial Group Inc. now owns 17,102 shares of the construction company’s stock worth $64,000 after acquiring an additional 3,152 shares during the period. Institutional investors own 97.19% of the company’s stock.

Forterra Company Profile

Forterra, Inc manufactures and sells pipe and precast products the United States, Canada, and Mexico. It operates through Drainage Pipe & Products; and Water Pipe & Products segments. It offers concrete drainage pipes used for storm water applications, residential and non-residential site developments, sanitary sewers, low-pressure sewer force mains, tunneled systems, treatment plant piping, and utility tunnels.

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Analyst Recommendations for Forterra (NASDAQ:FRTA)

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