After Truist Financial and Nomura gave Vulcan Materials (NYSE: VMC) a Buy rating last month, the company received another Buy, this time from Citigroup. Analyst Anthony Pettinari maintained a Buy rating on Vulcan Materials today and set a price target of $151.00. The company’s shares closed last Thursday at $126.54.
According to TipRanks.com, Pettinari is a 5-star analyst with an average return of 14.6% and a 72.4% success rate. Pettinari covers the Industrial Goods sector, focusing on stocks such as International Paper Co, Berry Global Group, and Silgan Holdings.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Vulcan Materials with a $136.82 average price target, a 9.4% upside from current levels. In a report issued on July 22, J.P. Morgan also maintained a Buy rating on the stock with a $140.00 price target.
See today’s analyst top recommended stocks >>
Based on Vulcan Materials’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.05 billion and net profit of $60.26 million. In comparison, last year the company earned revenue of $1.33 billion and had a net profit of $198 million.
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.
Vulcan Materials Co. engages in the provision of basic materials and supply for infrastructure and construction industry. It operates through the following business segments: Aggregates, Asphalt, Concrete and Calcium. The Aggregates segment produces and sells asphalt mix and ready-mixed concrete primarily in its mid-Atlantic, Georgia, Southwestern, Tennessee and Western markets. The Asphalt segment produces and sells asphalt mix in Arizona, California, New Mexico, Tennessee, and Texas. The Concrete segment produces and sells ready-mixed concrete in California, Georgia, Maryland, New Mexico, Texas, Virginia, Washington D.C., and the Bahamas. The Calcium segment produces calcium products for the animal feed, plastics, and water treatment industries with calcium carbonate material mined at the Brooksville quarry. The company was founded in 1909 and is headquartered in Birmingham, AL.
