Sterling Construction Gets a Buy Rating from Canaccord Genuity


In a report released yesterday, Robert Burleson from Canaccord Genuity reiterated a Buy rating on Sterling Construction (NASDAQ: STRL), with a price target of $20. The company’s shares opened today at $12.86.

According to TipRanks.com, Burleson is a 5-star analyst with an average return of 12.3% and a 59.4% success rate. Burleson covers the Consumer Goods sector, focusing on stocks such as Ipg Photonics Corp, Faro Technologies, and Cognex Corp.

Sterling Construction has an analyst consensus of Moderate Buy, with a price target consensus of $20.

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Based on Sterling Construction’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $2.49 million. In comparison, last year the company had a GAAP net loss of $2.26 million.

Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of STRL in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Sterling Construction Co., Inc. is a heavy civil construction company, which specializes in the building, reconstruction and repair of transportation and water infrastructure projects. Its transportation infrastructure projects include highways, roads, bridges, airfields, ports and light rail.

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