Sterling Construction (NASDAQ:STRL) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

Other research analysts also recently issued reports about the company. Zacks Investment Research raised Sterling Construction from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Thursday, October 19th. TheStreet downgraded Sterling Construction from a “b-” rating to a “c” rating in a research note on Monday, August 21st. Finally, Canaccord Genuity reissued a “buy” rating and issued a $15.00 price objective on shares of Sterling Construction in a research note on Saturday, August 26th. One investment analyst has rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $17.00.

Sterling Construction (STRL) traded down $0.23 during midday trading on Tuesday, reaching $17.30. The company had a trading volume of 172,527 shares, compared to its average volume of 299,578. Sterling Construction has a 1 year low of $7.75 and a 1 year high of $18.90. The company has a current ratio of 1.44, a quick ratio of 1.42 and a debt-to-equity ratio of 0.62. The firm has a market cap of $474.21, a P/E ratio of 117.80, a P/E/G ratio of 3.61 and a beta of 0.36.

Sterling Construction (NASDAQ:STRL) last posted its quarterly earnings data on Monday, October 30th. The construction company reported $0.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.04. Sterling Construction had a return on equity of 3.90% and a net margin of 0.25%. The firm had revenue of $304.20 million during the quarter, compared to the consensus estimate of $263.69 million. During the same period in the prior year, the company earned $0.10 EPS. The firm’s revenue was up 48.0% compared to the same quarter last year. research analysts predict that Sterling Construction will post 0.44 EPS for the current fiscal year.

A number of large investors have recently modified their holdings of STRL. Voya Investment Management LLC purchased a new stake in Sterling Construction in the 2nd quarter valued at $144,000. Thompson Davis & CO. Inc. purchased a new stake in Sterling Construction in the 2nd quarter valued at $150,000. Airain ltd purchased a new stake in Sterling Construction in the 2nd quarter valued at $168,000. Cubist Systematic Strategies LLC purchased a new stake in Sterling Construction in the 2nd quarter valued at $194,000. Finally, Macquarie Group Ltd. purchased a new stake in Sterling Construction in the 3rd quarter valued at $214,000. Institutional investors own 71.96% of the company’s stock.

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Sterling Construction Company Profile

Sterling Construction Company, Inc is a heavy civil construction company engaged in the building and reconstruction of transportation and water infrastructure projects in Texas, Utah, Nevada, Arizona, California, Hawaii and other states. The Company’s transportation infrastructure projects include highways, roads, bridges, airfields, ports and light rail.

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