Arcosa Inc (ACA) Receives a Buy from Oppenheimer


Oppenheimer analyst Ian Zaffino maintained a Buy rating on Arcosa Inc (ACA) yesterday and set a price target of $40. The company’s shares closed yesterday at $30.29.

Zaffino commented:

“Driven by solid growth across the business units, strong margin improvements in Energy Equipment and robust contributions from ACG, adjusted EBITDA of $58.5M beat our/Street’s ~$44M. Revenue of $410.9M was also above our/Street’s $392M. Order activity remains strong in 1Q19, as the barge order log has reached a book- to-bill of 4.1, vs. 1.4 at end of 4Q18. With the strong 1Q19 and a solid outlook, management reiterated FY2019 guidance, calling for revenues of $1.7B-$1.8B and adjusted EBITDA of $215M-$225M. Maintain Outperform.”

According to TipRanks.com, Zaffino is a 4-star analyst with an average return of 3.8% and a 55.9% success rate. Zaffino covers the Services sector, focusing on stocks such as Servicemaster Global Holdings, Wyndham Hotels & Resorts Inc, and Wyndham Destinations Inc.

Arcosa Inc has an analyst consensus of Moderate Buy, with a price target consensus of $40.

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The company has a one-year high of $35.15 and a one-year low of $21. Currently, Arcosa Inc has an average volume of 292.3K.

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Arcosa, Inc. engages in the provision of infrastructure-related products and services. It operates through the following segments: Construction Products, Energy Equipment and Transportation Products.

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