While Construction Partners Inc has overperformed by 2.07%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ROAD rose by 92.87%, with highs and lows ranging from $58.65 to $27.22, whereas the simple moving average jumped by 25.06% in the last 200 days.
On March 28, 2024, Sidoti Downgraded Construction Partners Inc (NASDAQ: ROAD) to Neutral. A report published by Robert W. Baird on February 12, 2024, Downgraded its rating to ‘Neutral’ for ROAD. Raymond James also rated ROAD shares as ‘Strong Buy’, setting a target price of $35 on the company’s shares in an initiating report dated August 19, 2022. Raymond James May 11, 2022d its ‘Outperform’ rating to ‘Strong Buy’ for ROAD, as published in its report on May 11, 2022. BofA Securities’s report from January 07, 2022 suggests a price prediction of $34 for ROAD shares, giving the stock a ‘Buy’ rating. BofA Securities also rated the stock as ‘Neutral’.
Analysis of Construction Partners Inc (ROAD)
Further, the quarter-over-quarter increase in sales is 16.01%, showing a positive trend in the upcoming months.
Construction Partners Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of 11.62% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.39, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and ROAD has an average volume of 386.80K. On a monthly basis, the volatility of the stock is set at 3.35%, whereas on a weekly basis, it is put at 2.69%, with a gain of 4.87% over the past seven days. Furthermore, long-term investors anticipate a median target price of $53.00, showing decline from the present price of $53.81, which can serve as yet another indication of whether ROAD is worth investing in or should be passed over.
How Do You Analyze Construction Partners Inc Shares?
Engineering & Construction giant Construction Partners Inc (ROAD) is based in the USA and is one of the largest companies in the market. When comparing Construction Partners Inc shares with other companies under Industrials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 49.53, there is a growth in quarterly earnings of 417.08%.
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 19.54%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 83.38% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ROAD shares are owned by institutional investors to the tune of 83.38% at present.
