A share price of Construction Partners Inc [ROAD] is currently trading at $53.81, up 2.07%. An important factor to consider is whether the stock is rising or falling in short-term value. The ROAD shares have gain 4.87% over the last week, with a monthly amount drifted -4.12%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Construction Partners Inc [NASDAQ: ROAD] stock has seen the most recent analyst activity on March 28, 2024, when Sidoti downgraded its rating to a Neutral but kept the price target unchanged to $59 for it. Previously, Robert W. Baird downgraded its rating to Neutral on February 12, 2024, and elevated its price target to $50. Sidoti started tracking the stock assigning a Buy rating. Raymond James upgraded its rating to a Strong Buy and reduced its price target to $25 on May 11, 2022. BofA Securities upgraded its rating to Buy for this stock on January 07, 2022, and downed its price target to $34. In a note dated November 19, 2021, BofA Securities downgraded an Neutral rating on this stock and boosted its target price from $37 to $43.
Construction Partners Inc experienced fluctuations in its stock price throughout the past year between $27.22 and $58.65. Currently, Wall Street analysts expect the stock to reach $35 within the next 12 months. Construction Partners Inc [NASDAQ: ROAD] shares were valued at $53.81 at the most recent close of the market. An investor can expect a potential drop of -34.96% based on the average ROAD price forecast.
Analyzing the ROAD fundamentals
Trailing Twelve Months sales for Construction Partners Inc [NASDAQ:ROAD] were 1.62B which represents 16.01% growth. Gross Profit Margin for this corporation currently stands at 0.13% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.12 and Total Capital is 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.88.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 53.26 points at the first support level, and at 52.72 for the second support level. However, for the 1st resistance point, the stock is sitting at 54.41, and for the 2nd resistance point, it is at 55.01.
Construction Partners Inc [ROAD] reported earnings per share of $0.19 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.13/share, meaning a difference of $0.06 and a surprise factor of 46.20%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were $0.59 per share as compared to estimates of $0.52 per share, a difference of $0.07 representing a surprise of 13.50%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Construction Partners Inc [NASDAQ:ROAD] is 1.75. On the other hand, the Quick Ratio is 1.39, and the Cash Ratio is 0.26. Considering the valuation of this stock, the price to sales ratio is 1.76, the price to book ratio is 5.45 and price to earnings (TTM) ratio is 49.53.
Transactions by insiders
Recent insider trading involved SunTx Capital II Management Co, Director, that happened on Dec 20 ’23 when 50000.0 shares were sold. Director, Jennings Craig completed a deal on Dec 14 ’23 to sell 22500.0 shares. Meanwhile, Director Matteson Mark R sold 90000.0 shares on Dec 13 ’23.
