Sterling Construction Co. Receives New Coverage from Analysts at Sidoti (STRL)
Analysts at Sidoti assumed coverage on shares of Sterling Construction Co. (NASDAQ:STRL) in a research report issued to clients and investors on Thursday, AR Network reports. The firm set a “buy” rating on the stock.
Sterling Construction Co. (NASDAQ:STRL) traded down 1.88% during mid-day trading on Thursday, hitting $9.41. 23,650 shares of the company’s stock traded hands. Sterling Construction Co. has a 1-year low of $7.12 and a 1-year high of $11.88. The stock has a 50-day moving average of $9.79 and a 200-day moving average of $10.19. The company’s market cap is $156.7 million.
Sterling Construction Co. (NASDAQ:STRL) last announced its earnings results on Friday, August 9th. The company reported ($0.93) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.72) by $0.21. The company had revenue of $133.40 million for the quarter, compared to the consensus estimate of $176.73 million. During the same quarter in the previous year, the company posted $0.15 earnings per share. The company’s revenue for the quarter was down 20.9% on a year-over-year basis. Analysts expect that Sterling Construction Co. will post $-1.52 EPS for the current fiscal year.
A number of other firms have also recently commented on STRL. Analysts at Zacks upgraded shares of Sterling Construction Co. (NASDAQ:STRL) from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday, September 5th. They now have a $9.90 price target on the stock.
Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Sterling Construction Co. presently has an average rating of “Hold” and a consensus price target of $11.63.
Sterling Construction Company, Inc (NASDAQ:STRL) is a heavy civil construction company that specializes in the building, reconstruction and repair of transportation and water infrastructure.
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