Suncrete (NASDAQ:RMIX) Stock Has Consensus Target Price of $22.25 According to Analysts

Suncrete (NASDAQ:RMIX – Get Free Report) has received a consensus rating of “Buy” from the six ratings firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $22.25.

A number of research analysts have recently commented on the company. Weiss Ratings cut Suncrete from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, September 24th. B. Riley Financial reiterated a “buy” rating and issued a $25.00 price target (down from $26.00) on shares of Suncrete in a report on Wednesday, August 19th. Wall Street Zen lowered Suncrete from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 3rd. Finally, Jefferies Financial Group restated a “buy” rating and set a $22.00 price objective on shares of Suncrete in a report on Tuesday, August 18th.

Check Out Our Latest Stock Analysis on Suncrete

Suncrete Trading Down 1.1%

RMIX opened at $9.35 on Friday. Suncrete has a 12 month low of $9.20 and a 12 month high of $25.50. The company has a quick ratio of 1.15, a current ratio of 1.40 and a debt-to-equity ratio of 0.56. The stock has a 50-day moving average of $13.87.

Suncrete (NASDAQ:RMIX – Get Free Report) last released its quarterly earnings results on Friday, August 14th. The company reported ($0.72) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.70). The company had revenue of $97.23 million during the quarter, compared to the consensus estimate of $104.93 million. The business’s revenue for the quarter was up 146.2% on a year-over-year basis. On average, analysts expect that Suncrete will post -0.01 earnings per share for the current year.

Institutional Trading of Suncrete

A number of hedge funds and other institutional investors have recently bought and sold shares of RMIX. NewEdge Advisors LLC purchased a new stake in shares of Suncrete during the second quarter valued at $29,000. State of Alaska Department of Revenue bought a new position in shares of Suncrete in the third quarter worth about $29,000. Central Pacific Bank Trust Division bought a new position in shares of Suncrete in the third quarter worth about $32,000. Susquehanna International Group LLP bought a new position in shares of Suncrete in the second quarter worth about $285,000. Finally, State Street Corp purchased a new position in Suncrete in the 2nd quarter worth about $4,358,000. Hedge funds and other institutional investors own 71.07% of the company’s stock.

About Suncrete

(Get Free Report)

Suncrete is a construction-materials company associated with the production and sale of ready-mixed concrete and related concrete products. Its operations support building and infrastructure projects by supplying concrete materials used in residential, commercial, industrial and other construction applications.

The company’s product and service offerings have included ready-mix concrete, concrete masonry products and related construction materials. Suncrete has historically served contractors, builders, developers and other customers involved in construction and development projects.

Publicly available information about Suncrete’s current operations, geographic footprint and leadership is limited.

See Also

Analyst Recommendations for Suncrete (NASDAQ:RMIX)

Receive News & Ratings for Suncrete Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Suncrete and related companies with MarketBeat.com's FREE daily email newsletter.