Suncrete (NASDAQ:RMIX) Stock Has Average Price Target of $22.25

Shares of Suncrete (NASDAQ:RMIX) have been assigned a consensus recommendation of “Buy” from the six brokerages that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have given a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $22.25.

A number of analysts have recently commented on RMIX shares. Weiss Ratings cut shares of Suncrete from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, October 23rd. B. Riley Financial reiterated a “buy” rating and issued a $25.00 price objective (down from $26.00) on shares of Suncrete in a report on Wednesday, August 19th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $22.00 price target on shares of Suncrete in a research note on Tuesday, August 18th. Finally, Wall Street Zen downgraded shares of Suncrete from a “sell” rating to a “strong sell” rating in a report on Saturday, October 3rd.

Institutional Investors Weigh In On Suncrete

A number of large investors have recently made changes to their positions in the stock. Alyeska Investment Group L.P. purchased a new position in Suncrete during the second quarter worth approximately $78,044,000. Bank of New York Mellon Corp purchased a new stake in Suncrete in the 2nd quarter valued at $27,360,000. Harraden Circle Investments LLC acquired a new stake in shares of Suncrete in the 2nd quarter worth $17,647,000. Royce & Associates LP acquired a new stake in shares of Suncrete in the 3rd quarter worth $5,512,000. Finally, Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Suncrete in the 3rd quarter worth $3,707,000. 71.07% of the stock is currently owned by hedge funds and other institutional investors.

Suncrete Trading Down 3.2%

RMIX stock opened at $8.12 on Tuesday. Suncrete has a 52-week low of $8.02 and a 52-week 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 firm has a market cap of $596.71 million, a P/E ratio of -58.00 and a beta of 0.93. The company’s 50-day simple moving average is $11.53 and its 200-day simple moving average is $15.78.

Suncrete (NASDAQ:RMIX) last announced 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 analysts’ expectations of $104.93 million. The firm’s revenue for the quarter was up 146.2% on a year-over-year basis. As a group, equities analysts forecast that Suncrete will post -0.01 EPS for the current fiscal year.

Suncrete Company Profile

Haymaker Acquisition Corp. 4 is a blank check company. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or other business combination with one or more businesses or entities. Haymaker Acquisition Corp. 4 is based in New York.