A share price of Construction Partners Inc [ROAD] is currently trading at $72.53, down -4.93%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ROAD shares have gain 11.43% over the last week, with a monthly amount glided 17.44%, and 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 $34.21 and $76.44. Currently, Wall Street analysts expect the stock to reach $62.33 within the next 12 months. Construction Partners Inc [NASDAQ: ROAD] shares were valued at $72.53 at the most recent close of the market. An investor can expect a potential drop of -14.06% based on the average ROAD price forecast.
Analyzing the ROAD fundamentals
Trailing Twelve Months sales for Construction Partners Inc [NASDAQ:ROAD] were 1.76B which represents 22.73% growth. Gross Profit Margin for this corporation currently stands at 0.14% 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 0.05, Equity is 0.13 and Total Capital is 0.1. 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 71.07 points at the first support level, and at 69.61 for the second support level. However, for the 1st resistance point, the stock is sitting at 75.36, and for the 2nd resistance point, it is at 78.20.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Construction Partners Inc [NASDAQ:ROAD] is 1.60. As well, the Quick Ratio is 1.30, while the Cash Ratio is 0.17. Considering the valuation of this stock, the price to sales ratio is 2.17, the price to book ratio is 6.92 and price to earnings (TTM) ratio is 54.01.
Transactions by insiders
Recent insider trading involved Matteson Mark R, Director, that happened on Aug 23 ’24 when 94592.0 shares were sold. Director, Matteson Mark R completed a deal on Aug 22 ’24 to sell 25408.0 shares. Meanwhile, affiliate Matteson Mark R bought 0.12 million shares on Aug 22 ’24.
