Forterra (NASDAQ:FRTA) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Friday.

A number of other research firms have also weighed in on FRTA. ValuEngine lowered shares of Forterra from a “buy” rating to a “hold” rating in a report on Tuesday, June 26th. Barclays raised their target price on shares of Forterra from $8.00 to $9.00 and gave the company an “equal weight” rating in a report on Monday, August 13th. Zacks Investment Research raised shares of Forterra from a “sell” rating to a “hold” rating in a report on Monday, August 27th. Citigroup raised their target price on shares of Forterra from $9.50 to $10.50 and gave the company a “neutral” rating in a report on Thursday, August 9th. Finally, Deutsche Bank raised their target price on shares of Forterra from $7.00 to $8.00 and gave the company a “hold” rating in a report on Monday, June 25th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $10.47.

Forterra stock opened at $7.39 on Friday. The company has a market cap of $491.88 million, a PE ratio of -9.35 and a beta of 0.45. The company has a current ratio of 2.15, a quick ratio of 1.14 and a debt-to-equity ratio of 11.59. Forterra has a 1 year low of $4.37 and a 1 year high of $12.30.

Forterra (NASDAQ:FRTA) last released its quarterly earnings data on Wednesday, August 8th. The construction company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.02. Forterra had a net margin of 1.24% and a negative return on equity of 37.94%. The firm had revenue of $416.10 million for the quarter, compared to analysts’ expectations of $421.81 million. The company’s revenue was down 4.7% on a year-over-year basis. analysts anticipate that Forterra will post -0.3 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of FRTA. Dimensional Fund Advisors LP purchased a new position in shares of Forterra in the first quarter valued at $538,000. GSA Capital Partners LLP purchased a new position in Forterra during the first quarter worth $760,000. Koch Industries Inc. purchased a new position in Forterra during the first quarter worth $114,000. Taylor Asset Management Inc. boosted its stake in Forterra by 1,418.8% during the first quarter. Taylor Asset Management Inc. now owns 443,176 shares of the construction company’s stock worth $3,253,000 after buying an additional 413,997 shares during the period. Finally, Barclays PLC boosted its stake in Forterra by 415.1% during the first quarter. Barclays PLC now owns 15,252 shares of the construction company’s stock worth $128,000 after buying an additional 12,291 shares during the period.

Forterra Company Profile

Forterra, Inc manufactures and sells water and drainage pipe and products in the United States and Eastern Canada. It also manufactures structural and specialty precast products, and precast concrete bridge girders; and pressure, prestressed concrete, and bar-wrapped concrete pipes. The company serves water-related infrastructure applications, including water transmission, distribution, and drainage; and contractors, distributors, municipalities, and utilities waterworks.

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Analyst Recommendations for Forterra (NASDAQ:FRTA)

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