Forterra, Inc. (FRTA): Is Now the Right Time To Buy In?

Author

30 May, 2017

The stock of Forterra Incorporated (NASDAQ:FRTA) registered a decrease of 9.61% in short interest. Four analysts have provided estimates for Forterra's earnings. The business is scheduled to report its next earnings report on Monday, August 21st. Analysts predict that Forterra Inc will post $0.42 earnings per share for the current year.

The counter witnessed a trading volume of 0.11 million shares versus an average volume of 0.5 million shares during last trading session. Zacks' EPS calculations are an average based on a survey of sell-side research analysts that cover Forterra. The stock of Forterra Inc (NASDAQ:FRTA) has "Overweight" rating given on Friday, January 6 by Barclays Capital. The consensus mean EPS for the current quarter is at $0.14 derived from a total of 8 estimates from the analysts who have weighed in on projected earnings. The company had revenue of $338.30 million during the quarter, compared to analyst estimates of $340.24 million.

More notable recent Forterra Inc (NASDAQ:FRTA) news were published by: Fool.com which released: "Why Forterra Inc Stock Slumped 24% Today" on May 15, 2017, also Investorplace.com with their article: "Why Amgen, Inc". Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. Citigroup Inc lifted their price objective on shares of Forterra from $22.00 to $23.00 and gave the company a "buy" rating in a research note on Monday, April 3rd.

Forterra Inc (NASDAQ:FRTA)'s stock had its "buy" rating reiterated by research analysts at Seaport Global Securities in a research report issued to clients and investors on Friday, April 28th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company's stock. Forterra now has an average rating of "Hold" and an average target price of $19.22.

Large investors have recently added to or reduced their stakes in the company. FMR LLC purchased a new position in shares of Forterra during the first quarter valued at approximately $31,062,000. Credit Agricole S A acquired a new position in Forterra during the first quarter valued at $139,000. Schwab Charles Investment Management Inc. increased its position in Forterra by 5.9% in the first quarter. The fund owned 14,003 shares of the construction company's stock after buying an additional 565 shares during the period.

Shares of Forterra Inc (NASDAQ:FRTA) declined on May 23, 2017 to $8.10 per share. The company's stock had a trading volume of 740,775 shares.

Taking a broader look brokerage firms' analysts on the street with an expectant view have Forterra Inc (NASDAQ:FRTA) high price target of $21 and with a conservative view have low price target of $12. The company has a 50-day moving average of $16.97 and a 200 day moving average of $18.73. The company's market capitalization is $524.65 million.

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