Forterra Inc (NASDAQ:FRTA)‘s stock had its “equal weight” rating reiterated by investment analysts at Stephens in a report released on Wednesday. They presently have a $9.00 target price on the construction company’s stock, up from their previous target price of $4.00. Stephens’ target price would suggest a potential upside of 2.97% from the stock’s current price.
Other equities analysts also recently issued reports about the company. Citigroup Inc. lowered their price objective on Forterra from $8.50 to $4.00 and set a “buy” rating for the company in a research report on Monday, August 14th. Zacks Investment Research upgraded Forterra from a “sell” rating to a “hold” rating in a research report on Wednesday, August 30th. Barclays PLC downgraded Forterra from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $15.00 to $4.00 in a research report on Friday, August 11th. Royal Bank Of Canada restated a “hold” rating and set a $3.50 price objective on shares of Forterra in a research report on Tuesday, October 10th. Finally, ValuEngine downgraded Forterra from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $11.36.
Shares of Forterra (NASDAQ FRTA) traded up $0.17 on Wednesday, hitting $8.74. The stock had a trading volume of 841,700 shares, compared to its average volume of 867,780. Forterra has a 52 week low of $3.02 and a 52 week high of $22.76. The company has a quick ratio of 1.43, a current ratio of 2.56 and a debt-to-equity ratio of 15.19.
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In other news, Director Chris Meyer acquired 62,500 shares of Forterra stock in a transaction on Monday, September 11th. The stock was purchased at an average price of $4.03 per share, with a total value of $251,875.00. Following the completion of the purchase, the director now owns 62,500 shares of the company’s stock, valued at approximately $251,875. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Lori M. Browne acquired 10,000 shares of Forterra stock in a transaction on Monday, September 11th. The stock was purchased at an average cost of $4.27 per share, with a total value of $42,700.00. Following the purchase, the insider now directly owns 27,057 shares of the company’s stock, valued at approximately $115,533.39. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 151,574 shares of company stock valued at $632,916. 0.33% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the business. Capital World Investors acquired a new stake in Forterra in the second quarter valued at approximately $25,249,000. Taylor Asset Management Inc. acquired a new stake in Forterra in the second quarter valued at approximately $240,000. Schwab Charles Investment Management Inc. grew its stake in Forterra by 5.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 67,654 shares of the construction company’s stock valued at $1,320,000 after acquiring an additional 3,762 shares during the period. Adams Asset Advisors LLC acquired a new stake in Forterra in the third quarter valued at approximately $914,000. Finally, American International Group Inc. acquired a new stake in Forterra in the first quarter valued at approximately $217,000.
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