Brokerages Set Suncrete (NASDAQ:RMIX) PT at $22.25

Suncrete (NASDAQ:RMIX) has been given an average rating of “Buy” by the six brokerages that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $22.25.

A number of research firms have weighed in on RMIX. William Blair initiated coverage on Suncrete in a research report on Monday, May 4th. They set an “outperform” rating for the company. Wall Street Zen upgraded Suncrete to a “sell” rating in a research note on Saturday, June 13th. Weiss Ratings raised Suncrete from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, August 14th. Roth Capital assumed coverage on Suncrete in a research note on Thursday, May 14th. They set a “buy” rating and a $21.00 price target for the company. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $22.00 price target on shares of Suncrete in a report on Tuesday, August 18th.

Suncrete Stock Performance

Shares of NASDAQ:RMIX opened at $17.50 on Thursday. Suncrete has a one year low of $9.20 and a one year high of $25.50. The stock has a market capitalization of $1.29 billion, a PE ratio of -125.00 and a beta of 0.72. The company has a 50-day simple moving average of $19.13. The company has a quick ratio of 1.15, a current ratio of 1.40 and a debt-to-equity ratio of 0.56.

Suncrete (NASDAQ:RMIX) last released its quarterly earnings results on Friday, August 14th. The company reported ($0.72) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.70). The company had revenue of $97.23 million during the quarter, compared to analysts’ expectations of $104.93 million. The business’s revenue for the quarter was up 146.2% on a year-over-year basis. As a group, research analysts forecast that Suncrete will post -0.01 EPS for the current fiscal year.

Hedge Funds Weigh In On Suncrete

A number of large investors have recently bought and sold shares of the company. Susquehanna International Group LLP acquired a new stake in shares of Suncrete in the 2nd quarter worth $285,000. Harraden Circle Investments LLC acquired a new position in shares of Suncrete during the second quarter worth about $17,647,000. Bank of New York Mellon Corp acquired a new position in shares of Suncrete during the second quarter worth about $27,360,000. Finally, Alyeska Investment Group L.P. purchased a new position in Suncrete during the second quarter worth about $78,044,000. Hedge funds and other institutional investors own 71.07% of the company’s stock.

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.