Vulcan Materials Company Given Consensus Rating of “Hold” by Brokerages (NYSE:VMC)
Vulcan Materials Company (NYSE:VMC) has earned an average rating of “Hold” from the nine analysts that are presently covering the company, Analyst Ratings News reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $61.29.
Vulcan Materials Company (NYSE:VMC) opened at 65.16 on Tuesday. Vulcan Materials Company has a 52-week low of $46.50 and a 52-week high of $69.50. The stock’s 50-day moving average is $63.48 and its 200-day moving average is $63.42. The company has a market cap of $8.523 billion and a P/E ratio of 64.12.
Vulcan Materials Company (NYSE:VMC) last announced its earnings results on Tuesday, May 6th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted ($0.42) earnings per share. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, analysts predict that Vulcan Materials Company will post $0.88 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 10th. Stockholders of record on Wednesday, August 27th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.37%.
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, July 7th. 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.
Vulcan Materials Company, is a producer of construction aggregates primarily crushed stone, sand, and gravel.
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