In a report issued on June 8, Andrew Wittmann from Robert W. Baird maintained a Buy rating on Construction Partners (ROAD – Research Report), with a price target of $30.00. The company’s shares closed last Tuesday at $21.10, close to its 52-week low of $19.51.
According to TipRanks.com, Wittmann is a 5-star analyst with an average return of 13.4% and a 58.7% success rate. Wittmann covers the Industrial Goods sector, focusing on stocks such as Concrete Pumping Holdings, Jacobs Engineering, and Aecom Technology.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Construction Partners with a $27.75 average price target.
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Construction Partners’ market cap is currently $1.11B and has a P/E ratio of 82.26.
Based on the recent corporate insider activity of 23 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 ROAD in relation to earlier this year.
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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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