Suncrete’s (RMIX) Buy Rating Reiterated at B. Riley Financial

B. Riley Financial reiterated their buy rating on shares of Suncrete (NASDAQ:RMIX) in a report released on Wednesday morning,Benzinga reports. They currently have a $25.00 price objective on the stock, down from their previous price objective of $26.00.

Several other analysts also recently issued reports on the stock. Roth Capital began coverage on shares of Suncrete in a research note on Thursday, May 14th. They issued a “buy” rating and a $21.00 price objective for the company. Jefferies Financial Group reiterated a “buy” rating and issued a $22.00 price target on shares of Suncrete in a report on Tuesday. Weiss Ratings raised Suncrete from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 14th. William Blair started coverage on Suncrete in a research note on Monday, May 4th. They set an “outperform” rating for the company. Finally, Robert W. Baird initiated coverage on Suncrete in a report on Wednesday, May 27th. They set an “outperform” rating and a $21.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Suncrete has an average rating of “Buy” and an average price target of $22.25.

Suncrete Stock Down 0.8%

Suncrete stock opened at $17.54 on Wednesday. The business has a 50-day moving average price of $19.76. The company has a market cap of $1.26 billion, a price-to-earnings ratio of -125.29 and a beta of 0.72. Suncrete has a 12-month low of $9.20 and a 12-month high of $25.50.

Suncrete (NASDAQ:RMIX) last released its quarterly earnings results on Friday, August 14th. The company reported ($0.72) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.70). The company had revenue of $97.23 million for the quarter, compared to analysts’ expectations of $104.93 million. Suncrete’s revenue was up 146.2% compared to the same quarter last year. Equities analysts forecast that Suncrete will post 0.23 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in RMIX. Susquehanna International Group LLP bought a new stake in shares of Suncrete in the 2nd quarter valued at about $285,000. Bank of New York Mellon Corp purchased a new stake in shares of Suncrete in the 2nd quarter worth approximately $27,360,000. Finally, Alyeska Investment Group L.P. bought a new position in shares of Suncrete during the second quarter valued at approximately $78,044,000. Hedge funds and other institutional investors own 71.07% of the company’s stock.

Suncrete Company Profile

Haymaker Acquisition Corp. 4 is a blank check company. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or other business combination with one or more businesses or entities. Haymaker Acquisition Corp. 4 is based in New York.