Vulcan Materials Rating Reiterated by RBC Capital (VMC)
Vulcan Materials (NYSE:VMC)‘s stock had its “outperform” rating restated by analysts at RBC Capital in a research report issued to clients and investors on Friday, Analyst Ratings Net reports. They currently have a $68.00 price target on the stock, down from their previous price target of $76.00. RBC Capital’s price target suggests a potential upside of 3.56% from the stock’s previous close.
Shares of Vulcan Materials (NYSE:VMC) traded down 1.43% on Friday, hitting $64.72. The stock had a trading volume of 1,625,035 shares. Vulcan Materials has a 1-year low of $45.42 and a 1-year high of $67.97. The stock has a 50-day moving average of $59.58 and a 200-day moving average of $54.03. The company has a market cap of $8.413 billion and a P/E ratio of 479.27.
Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.16 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.02) by $0.18. The company had revenue of $652.88 million for the quarter, compared to the consensus estimate of $655.15 million. During the same quarter in the prior year, the company posted $0.03 earnings per share. The company’s quarterly revenue was up 11.8% on a year-over-year basis. On average, analysts predict that Vulcan Materials will post $-0.07 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated an “outperform” rating on shares of Vulcan Materials in a research note to investors on Friday. They now have a $79.00 price target on the stock. Separately, analysts at Stifel Nicolaus upgraded shares of Vulcan Materials from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, January 28th. They now have a $69.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. Vulcan Materials currently has an average rating of “Buy” and an average target price of $62.71.
Vulcan Materials Company is a producer of construction aggregates primarily crushed stone, sand, and gravel.
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