Vulcan Materials (VMC) Given a $145.00 Price Target by SunTrust Banks Analysts
Vulcan Materials (NYSE:VMC) received a $145.00 target price from investment analysts at SunTrust Banks in a report issued on Saturday. The firm presently has a “buy” rating on the construction company’s stock. SunTrust Banks’ target price would suggest a potential upside of 20.01% from the company’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 recently issued reports about the company. Barclays assumed coverage on Vulcan Materials in a research report on Tuesday, December 12th. They issued an “overweight” rating and a $135.00 price target on the stock. Zacks Investment Research raised Vulcan Materials from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 12th. Jefferies Group set a $114.00 price objective on Vulcan Materials and gave the company a “hold” rating in a research report on Tuesday, August 22nd. Citigroup reaffirmed a “buy” rating and issued a $140.00 price objective (down from $145.00) on shares of Vulcan Materials in a research report on Monday, October 9th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $154.00 price objective on shares of Vulcan Materials in a research report on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $140.00.
Shares of Vulcan Materials (NYSE:VMC) opened at $120.82 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.22 and a quick ratio of 3.34. Vulcan Materials has a 12-month low of $108.95 and a 12-month high of $136.82. The company has a market capitalization of $15,980.00, a P/E ratio of 40.67, a PEG ratio of 2.34 and a beta of 0.88.
Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Wednesday, November 1st. The construction company reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.36). Vulcan Materials had a return on equity of 8.71% and a net margin of 10.20%. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the prior year, the firm earned $1.01 earnings per share. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. research analysts predict that Vulcan Materials will post 3.06 earnings per share for the current year.
Hedge funds have recently added to or reduced their stakes in the stock. Sun Life Financial INC lifted its position in Vulcan Materials by 10,666.7% in the 2nd quarter. Sun Life Financial INC now owns 969 shares of the construction company’s stock valued at $123,000 after acquiring an additional 960 shares in the last quarter. Schroder Investment Management Group bought a new position in Vulcan Materials in the 2nd quarter valued at approximately $187,000. FCA Corp TX purchased a new stake in Vulcan Materials during the 3rd quarter valued at $215,000. WINTON GROUP Ltd purchased a new stake in Vulcan Materials during the 2nd quarter valued at $218,000. Finally, LMR Partners LLP purchased a new stake in Vulcan Materials during the 3rd quarter valued at $220,000. 89.10% of the stock is currently owned by institutional investors and hedge funds.
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Vulcan Materials Company Profile
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).
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