Economy

EPS for Forterra Inc (FRTA) Expected At $

The firm now has a "buy" rating on the construction company's stock.

Forterra, Inc. (:FRTA) stock has entered overbought territory as the 14-day Relative Strength Index reading touched 86.57 after yesterday's close.

Shares of Forterra Inc (NASDAQ:FRTA) now have an Average Brokerage Recommendation of 2.25, number of Recs in ABR is 8 while industry rank of the company by ABR is 45 out of 265. FORTERRA INC has a consensus rating of "Hold" and a consensus price target of $14.06.

Shares of Forterra (NASDAQ:FRTA) traded up $0.02 during midday trading on Friday, hitting $8.23. Deutsche Bank initiated it with "Hold" rating and $20 target in Monday, November 14 report. Stock's twelve month price oscillated between $22.76 and $3.02. Citigroup initiated the stock with "Buy" rating in Monday, November 14 report.

The company's quick ratio for most recent quarter is 1.6 along with current ratio for most recent quarter of 2.9. Awm Investment Company Inc. owns 1.33 million shares or 0.88% of their U.S. portfolio. The company's 3-months average volume stands at 1.47 million. With Forterra, Inc. (:FRTA) shares passing the 70 level, the stock is now considered to be in overbought territory and ripe for a potential pullback. For the past 5 years, the company's revenue has grown -0.1%, while the company's earnings per share has grown -37.3%. After $-0.02 actual EPS reported by Forterra Inc for the previous quarter, Wall Street now forecasts 300.00% negative EPS growth. The original version of this piece of content can be accessed at https://www.dispatchtribunal.com/2017/11/10/citigroup-inc-increases-forterra-inc-frta-price-target-to-9-00.html.

TRADEMARK VIOLATION WARNING: This piece of content was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of USA and worldwide trademark and copyright laws.

In related news, insider Lori M. Browne acquired 10,000 shares of the business's stock in a transaction on Monday, September 11th. These holdings make up 97.71% of the company's outstanding shares. Following the completion of the transaction, the insider now directly owns 27,057 shares of the company's stock, valued at approximately $115,533.39. The stock was bought at an average cost of $4.29 per share, for a total transaction of $100,596.21. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

A number of other institutional investors and hedge funds have also recently made changes to their positions in FRTA. The disclosure for this purchase can be found here.

A trend analysis is a method of analysis that allows traders to foresee what will come about with a stock in upcoming days. Following the purchase, the director now directly owns 24,579 shares of the company's stock, valued at approximately $105,443.91. FMR LLC acquired a new stake in FORTERRA INC in the 1st quarter valued at about $31,062,000. Paradigm Capital Management Inc. Credit Agricole S A acquired a new stake in FORTERRA INC in the 1st quarter valued at about $139,000. Rhumbline Advisers raised its position in shares of Forterra by 28.7% in the second quarter.

Iconix Brand Group, Inc. There has been an observed change of 125.99% in the ownership of the shares in the past six months.



Like this

Latest


10 November 2017
Qualcomm Unveils $12B In China Deals Amid Trump's Trip
Qualcomm Technologies Inc. signed three non-binding memoranda of understanding with Xiaomi Communications Co. However, it appears that the enigmatic president has delivered on his word.

10 November 2017
CAPROCK Group Inc. Purchases New Position in Target Corporation (TGT)
Nomura set a $75.00 price target on Target Corp. and gave the company a "hold" rating in a research note on Thursday, August 18th. The company has a market capitalization of $32,300.00, a PE ratio of 11.74, a P/E/G ratio of 2.74 and a beta of 0.63.

10 November 2017
Milwaukee Bucks coach Jason Kidd fined for criticizing officiating
We have to do a better job of not fouling and making sure the officials understand there are fouls on the other end, too. Here's what we have to offer: read on to get a summary of all the main sports events that have been covered.

10 November 2017
Fraternity Social Events Suspend at University of MI
Activities that have already been paid for will still go on, but with monitors to keep an eye on students' sobriety. The newspaper reports some hazing allegations include people being put in "alleged near-death situations".

10 November 2017
Federal High Court voids Senator Ndume's suspension
Ndume was indicted "for bringing Senator Dino Melaye, his colleague, and the institution of the Senate to unbearable disrepute". It wasn't all smiles for Ndume, however, as the judge refused to grant the N500 million damages he asked in his suit.

10 November 2017
Death toll from typhoon Damrey in Vietnam reaches 106
Typhoon Damrey, Vietnam's deadliest storm this year, has killed at least 106 people, injuring 197 others, and leaving 25 missing. It will bring together US President Donald Trump, China's Xi Jinping and Russia's Vladimir Putin, among other leaders.

10 November 2017
PUBG Developer Reveals Upcoming Desert Map with New Screenshots
The original tease had shown a dense urban environment, so it's nice to see more rural open spaces in these latest images. Greene reiterated that the map is still on track for release later this year .

10 November 2017
Gusty winds cause thousands of outages across Maine
The latest information from CMP at 11:30 a.m. was that outages in Knox County were down to 1,148 homes and businesses. All CMP customers had their electricity restored from that storm by Wednesday of this week, Rice said.

10 November 2017
Global Automotive Steering Systems Market: JTEKT, Nexteer Automobile and Bosch
Production of the Automotive Power Window Motor is analyzed with respect to different regions, types and applications. Automotive Mirror System Market provides detailed market segment level data on the worldwide market.

10 November 2017
Sprint Corporation (S) Earns News Impact Score of 0.15
The cell phone carrier reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.01. Macquarie reissued a "hold" rating and set a $6.50 target price on shares of Sprint Corporation in a research note on Tuesday.



Recommended