After D.A. Davidson and Imperial Capital gave Construction Partners Inc (NASDAQ: ROAD) a Buy rating last month, the company received another Buy, this time from Raymond James. Analyst Joshua Wilson maintained a Buy rating on Construction Partners Inc today and set a price target of $13. The company’s shares opened today at $8.55, close to its 52-week low of $8.17.
According to TipRanks.com, Wilson is ranked #4051 out of 5108 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Construction Partners Inc with a $13.83 average price target, implying a 61.8% upside from current levels. In a report issued on December 10, Imperial Capital also maintained a Buy rating on the stock with a $14 price target.
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Based on Construction Partners Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $15.14 million. In comparison, last year the company had a net profit of $4.56 million.
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Construction Partners, Inc. engages in construction of roadways and highways. It acquires road construction companies with services in asphalt production, paving and other construction services for both the public and private sectors. The company was founded by Ned N. Fleming & Charles E. Owens in 2001 and is headquartered in Dothan, AL.
