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
Rarely seen 'living fossil' frilled shark caught off Algarve coast
The rare frilled shark was caught overseas a trawler at a depth of 700m off the coast of Portugal and spans five ft in length. Little is known about the shark, which has a long, snake-like body, and circular arrangement of 300 teeth.

10 November 2017
Take care - severe weather on the way
A second warning of possible severe thunderstorms with strong winds and a possibility of hail has also been issued for north-western KZN from 1pm to 9pm this evening.

10 November 2017
New England Revolution appoint Brad Friedel as head coach
He has been with the US under-19 team since January, also serving as an assistant on the under-20 team to head coach Tab Ramos. The New England Revolution will be in safe hands if Brad Friedel can coach soccer as well as he played.

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
Jenny McCarthy Reshares Steven Seagal Harassment Claim
When she said her agent specifically told her there was no nudity in the part, Seagal replied, "Well there is off camera nudity. I'm just really excited to read for this part. "I paused, I looked up at him, went from shocked to sadness".

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
Liverpool close to signing Leverkusen star dubbed 'the next Mesut Ozil'
The Liverpool Echo suggest that Liverpool have been long term admirers of Havertz and were scouting him at October's U19 Euro Championship.

10 November 2017
BCCI condoles the sad demise of AG Milkha Singh
His nephew Arjan Kripal Singh played Ranji Trophy for Tamil Nadu and scored a triple century in a game against Goa in 1987. The condolences poured in from cricket fraternity. "RIP Micky...