News stories about Forterra (NASDAQ:FRTA) have trended somewhat positive on Tuesday, Accern reports. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Forterra earned a news sentiment score of 0.06 on Accern’s scale. Accern also assigned news headlines about the construction company an impact score of 44.5568106777891 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media headlines that may have impacted Accern’s analysis:
FRTA has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of Forterra from a “buy” rating to a “hold” rating in a report on Monday, January 1st. Royal Bank of Canada reaffirmed a “hold” rating and set a $9.00 price objective on shares of Forterra in a report on Wednesday, November 15th. Goldman Sachs Group lowered shares of Forterra from a “neutral” rating to a “sell” rating and set a $21.00 price objective for the company. in a report on Tuesday, January 30th. Stephens reiterated an “equal weight” rating and set a $9.00 target price (up from $4.00) on shares of Forterra in a research report on Wednesday, November 15th. Finally, BidaskClub upgraded Forterra from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 3rd. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $12.69.
Shares of Forterra (FRTA) traded up $0.24 during mid-day trading on Tuesday, hitting $7.27. The stock had a trading volume of 287,771 shares, compared to its average volume of 786,401. Forterra has a 1-year low of $3.02 and a 1-year high of $20.60. The stock has a market capitalization of $451.88 and a price-to-earnings ratio of -4.27. The company has a debt-to-equity ratio of 15.19, a current ratio of 2.56 and a quick ratio of 1.43.
Forterra (NASDAQ:FRTA) last issued its quarterly earnings results on Wednesday, November 8th. The construction company reported ($0.14) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.20). Forterra had a negative return on equity of 69.57% and a negative net margin of 5.97%. equities analysts expect that Forterra will post -0.42 earnings per share for the current year.
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Forterra, Inc is a manufacturer of pipe and precast products. The Company offers products for a range of water-related infrastructure applications, including water transmission, distribution and drainage. The Company operates approximately 95 facilities. Its products are available in the United States and Eastern Canada.
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