In a report released today, Timna Tanners from Merrill Lynch maintained a Hold rating on Vulcan Materials (NYSE: VMC), with a price target of $120. The company’s shares opened today at $111.86, close to its 52-week low of $106.10.
According to TipRanks.com, Tanners is a 2-star analyst with an average return of 0.4% and a 47.6% success rate. Tanners covers the Basic Materials sector, focusing on stocks such as Martin Marietta Materials, Allegheny Technologies, and Nexa Resources SA.
Currently, the analyst consensus on Vulcan Materials is a Strong Buy with an average price target of $129.25.
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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.
