Vulcan Materials (NYSE:VMC) has been given a $145.00 target price by analysts at SunTrust Banks in a research note issued on Saturday. The firm presently has a “buy” rating on the construction company’s stock. SunTrust Banks’ price target indicates a potential upside of 20.01% from the stock’s previous close. SunTrust Banks also issued estimates for Vulcan Materials’ Q4 2017 earnings at $0.75 EPS, FY2017 earnings at $3.04 EPS, Q1 2018 earnings at $0.33 EPS, Q2 2018 earnings at $1.25 EPS, Q3 2018 earnings at $1.29 EPS, Q4 2018 earnings at $1.04 EPS, FY2018 earnings at $3.90 EPS, FY2019 earnings at $4.94 EPS and FY2020 earnings at $5.85 EPS.
Other analysts have also issued reports about the company. Barclays began coverage on Vulcan Materials in a report on Tuesday, December 12th. They issued an “overweight” rating and a $135.00 price objective on the stock. Zacks Investment Research raised Vulcan Materials from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 12th. Jefferies Group set a $114.00 price target on Vulcan Materials and gave the stock a “hold” rating in a research note on Tuesday, August 22nd. Citigroup reaffirmed a “buy” rating and issued a $140.00 price target (down from $145.00) on shares of Vulcan Materials in a research note on Monday, October 9th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $154.00 price target on shares of Vulcan Materials in a research note on Tuesday, October 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $140.00.
Shares of Vulcan Materials (NYSE VMC) opened at $120.82 on Friday. The company has a market capitalization of $15,977.37, a PE ratio of 40.67, a P/E/G ratio of 2.34 and a beta of 0.88. Vulcan Materials has a 1-year low of $108.95 and a 1-year high of $136.82. The company has a current ratio of 4.22, a quick ratio of 3.34 and a debt-to-equity ratio of 0.60.
Institutional investors have recently made changes to their positions in the stock. Sun Life Financial INC raised its position in Vulcan Materials by 10,666.7% in the second quarter. Sun Life Financial INC now owns 969 shares of the construction company’s stock valued at $123,000 after purchasing an additional 960 shares during the period. Schroder Investment Management Group purchased a new stake in Vulcan Materials in the second quarter valued at $187,000. WINTON GROUP Ltd purchased a new stake in Vulcan Materials in the second quarter valued at $218,000. FCA Corp TX purchased a new stake in Vulcan Materials in the third quarter valued at $215,000. Finally, LMR Partners LLP purchased a new stake in Vulcan Materials in the third quarter valued at $220,000. Hedge funds and other institutional investors own 89.10% of the company’s stock.
About Vulcan Materials
Vulcan Materials Company is a supplier of construction aggregates (primarily crushed stone, sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company operates through four segments: Aggregates, Asphalt Mix, Concrete and Calcium. The Aggregates segment produces and sells aggregates (crushed stone, sand and gravel, sand, and other aggregates) and related products and services (transportation and other).
