Suncrete (NASDAQ:RMIX) Receives $21.75 Average Target Price from Brokerages

Shares of Suncrete (NASDAQ:RMIX) have earned a consensus rating of “Buy” from the six brokerages that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $21.75.

A number of equities analysts have recently weighed in on RMIX shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Suncrete in a report on Friday, July 24th. Wall Street Zen upgraded shares of Suncrete to a “sell” rating in a report on Saturday, June 13th. Robert W. Baird initiated coverage on shares of Suncrete in a research report on Wednesday, May 27th. They set an “outperform” rating and a $21.00 price objective on the stock. Roth Capital started coverage on shares of Suncrete in a research note on Thursday, May 14th. They issued a “buy” rating and a $21.00 price objective on the stock. Finally, Jefferies Financial Group started coverage on shares of Suncrete in a research note on Friday, May 1st. They issued a “buy” rating and a $19.00 price objective on the stock.

Hedge Funds Weigh In On Suncrete

A hedge fund recently bought a new stake in Suncrete stock. Bank of New York Mellon Corp purchased a new position in Suncrete (NASDAQ:RMIX) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,214,384 shares of the company’s stock, valued at approximately $27,360,000. Bank of New York Mellon Corp owned about 1.70% of Suncrete at the end of the most recent quarter. 71.07% of the stock is currently owned by institutional investors.

Suncrete Trading Down 2.2%

Shares of RMIX stock opened at $18.27 on Friday. Suncrete has a 1-year low of $9.20 and a 1-year high of $25.50. The company’s fifty day simple moving average is $19.83.

Suncrete (NASDAQ:RMIX) last announced its quarterly earnings data on Friday, May 15th. The company reported ($0.60) earnings per share (EPS) for the quarter. The company had revenue of ($14.49) million during the quarter. On average, equities research analysts anticipate that Suncrete will post 0.21 EPS for the current year.

Suncrete Company Profile

Haymaker Acquisition Corp. 4 is a blank check company. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or other business combination with one or more businesses or entities. Haymaker Acquisition Corp. 4 is based in New York.