Forterra Inc (NASDAQ:FRTA) has been assigned an average rating of “Hold” from the ten ratings firms that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $13.29.
A number of brokerages have recently commented on FRTA. BidaskClub raised shares of Forterra from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 3rd. Royal Bank of Canada raised their price target on shares of Forterra from $3.50 to $8.00 and gave the company a “market perform” rating in a report on Thursday, November 9th. Barclays raised their price target on shares of Forterra from $4.00 to $7.00 and gave the company an “equal weight” rating in a report on Tuesday, November 14th. Citigroup raised their price target on shares of Forterra from $4.00 to $9.00 and gave the company a “buy” rating in a report on Friday, November 10th. Finally, Zacks Investment Research raised shares of Forterra from a “hold” rating to a “buy” rating and set a $8.50 price target for the company in a report on Thursday, November 9th.
Shares of Forterra (FRTA) traded down $0.11 during mid-day trading on Tuesday, hitting $7.27. 373,100 shares of the stock were exchanged, compared to its average volume of 744,187. Forterra has a fifty-two week low of $3.02 and a fifty-two week high of $20.60. The company has a debt-to-equity ratio of 15.19, a quick ratio of 1.43 and a current ratio of 2.56. The stock has a market cap of $471.16 and a P/E ratio of -4.34.
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Forterra Company Profile
Forterra, Inc is a manufacturer of pipe and precast products. The Company offers products for a range of water-related infrastructure applications, including water transmission, distribution and drainage. The Company operates approximately 95 facilities. Its products are available in the United States and Eastern Canada.
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