In a report issued on April 20, Andrew Wittmann from Robert W. Baird maintained a Buy rating on Construction Partners (ROAD – Research Report), with a price target of $31.00. The company’s shares closed last Friday at $26.42.
According to TipRanks.com, Wittmann is a 5-star analyst with an average return of 15.3% and a 62.8% success rate. Wittmann covers the Industrial Goods sector, focusing on stocks such as Concrete Pumping Holdings, Jacobs Engineering, and Aecom Technology.
Currently, the analyst consensus on Construction Partners is a Moderate Buy with an average price target of $34.00.
Based on Construction Partners’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $285 million and net profit of $5.51 million. In comparison, last year the company earned revenue of $191 million and had a net profit of $7.87 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 1999 and is headquartered in Dothan, AL.
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