Barclays analyst Adam Seiden maintained a Buy rating on Vulcan Materials (NYSE: VMC) yesterday and set a price target of $132. The company’s shares closed yesterday at $96.23, close to its 52-week low of $95.46.
According to TipRanks.com, Seiden is ranked #4377 out of 4893 analysts.
Currently, the analyst consensus on Vulcan Materials is a Moderate Buy with an average price target of $126.80, a 31.8% upside from current levels. In a report released yesterday, Stephens also maintained a Buy rating on the stock with a $125 price target.
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Based on Vulcan Materials’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $160 million. In comparison, last year the company had a net profit of $109 million.
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Vulcan Materials Co. engages in the provision of basic materials and supply for infrastructure and construction industry. It operates through the following segments: Aggregates, Asphalt, Concrete, and Calcium.
