Vulcan Materials Company Given Average Recommendation of “Hold” by Analysts (NYSE:VMC)
Shares of Vulcan Materials Company (NYSE:VMC) have earned a consensus rating of “Hold” from the nine analysts that are presently covering the stock, Analyst Ratings Net reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $61.29.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Vulcan Materials Company from an “outperform” rating to a “neutral” rating in a research note on Monday. They now have a $68.00 price target on the stock. Finally, analysts at RBC Capital cut their price target on shares of Vulcan Materials Company from $76.00 to $74.00 in a research note on Wednesday, May 7th. They now have an “outperform” rating on the stock.
Shares of Vulcan Materials Company (NYSE:VMC) traded up 0.96% on Tuesday, hitting $64.35. 272,960 shares of the company’s stock traded hands. Vulcan Materials Company has a 52-week low of $46.50 and a 52-week high of $69.50. The stock has a 50-day moving average of $62.90 and a 200-day moving average of $63.30. The company has a market cap of $8.417 billion and a price-to-earnings ratio of 63.36.
Vulcan Materials Company (NYSE:VMC) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.41 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.33) by $0.74. The company had revenue of $548.50 million for the quarter, compared to the consensus estimate of $576.90 million. During the same quarter last year, the company posted ($0.42) earnings per share. Vulcan Materials Company’s revenue was up 8.7% compared to the same quarter last year. Analysts expect that Vulcan Materials Company will post $0.88 EPS for the current fiscal year.
Vulcan Materials Company, is a producer of construction aggregates primarily crushed stone, sand, and gravel.
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