Zacks Investment Research lowered shares of Forterra (NASDAQ:FRTA) from a hold rating to a sell rating in a research note released on Monday morning.

According to Zacks, “Forterra, Inc. is a manufacturer of concrete and clay building products. It operates primarily in the United States, Canada and the United Kingdom. Forterra, Inc. is headquartered in Irving, Texas. “

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Other research analysts have also recently issued research reports about the company. BidaskClub raised Forterra from a buy rating to a strong-buy rating in a research note on Wednesday, January 3rd. SunTrust Banks set a $7.00 target price on Forterra and gave the company a hold rating in a research note on Wednesday, March 7th. ValuEngine cut Forterra from a hold rating to a sell rating in a research note on Friday, February 2nd. Barclays set a $8.00 target price on Forterra and gave the company a hold rating in a research note on Monday, January 8th. Finally, Goldman Sachs cut Forterra from a neutral rating to a sell rating and set a $21.00 target price for the company. in a research note on Tuesday, January 30th. Three analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $11.81.

Forterra stock opened at $8.39 on Monday. Forterra has a 52 week low of $3.02 and a 52 week high of $20.47. The firm has a market capitalization of $533.12, a PE ratio of -209.75 and a beta of 1.87. The company has a current ratio of 2.39, a quick ratio of 1.41 and a debt-to-equity ratio of 9.54.

Forterra (NASDAQ:FRTA) last announced its earnings results on Wednesday, March 7th. The construction company reported ($0.28) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.23) by ($0.05). Forterra had a negative net margin of 0.13% and a negative return on equity of 44.06%. The firm had revenue of $361.17 million for the quarter, compared to the consensus estimate of $327.91 million. During the same period in the prior year, the business earned ($0.81) EPS. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. equities analysts forecast that Forterra will post -0.18 EPS for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the stock. Frontier Capital Management Co. LLC boosted its position in shares of Forterra by 53.1% in the 4th quarter. Frontier Capital Management Co. LLC now owns 3,337,684 shares of the construction company’s stock valued at $37,048,000 after purchasing an additional 1,157,027 shares during the period. Vanguard Group Inc. boosted its position in shares of Forterra by 11.3% in the 2nd quarter. Vanguard Group Inc. now owns 1,639,962 shares of the construction company’s stock valued at $13,497,000 after purchasing an additional 166,558 shares during the period. Royce & Associates LP boosted its position in shares of Forterra by 227.9% in the 4th quarter. Royce & Associates LP now owns 1,239,700 shares of the construction company’s stock valued at $13,761,000 after purchasing an additional 861,650 shares during the period. Electron Capital Partners LLC boosted its position in shares of Forterra by 97.1% in the 4th quarter. Electron Capital Partners LLC now owns 1,083,005 shares of the construction company’s stock valued at $12,021,000 after purchasing an additional 533,623 shares during the period. Finally, First Trust Advisors LP boosted its position in shares of Forterra by 10.0% in the 4th quarter. First Trust Advisors LP now owns 1,009,128 shares of the construction company’s stock valued at $11,201,000 after purchasing an additional 91,634 shares during the period.

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About Forterra

Forterra, Inc is a manufacturer of pipe and precast products. The Company offers products for a range of water-related infrastructure applications, including water transmission, distribution and drainage. The Company operates approximately 95 facilities. Its products are available in the United States and Eastern Canada.

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