Barclays Stick to Their Hold Rating for Forterra Inc By Investing.com

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Barclays Stick to Their Hold Rating for Forterra Inc

Published Feb 24, 2021 08:15PM ET

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Barclays (LON:BARC) analyst Matthew Bouley maintained a Hold rating on Forterra (NASDAQ:FRTA) Inc on Tuesday, setting a price target of $24, which is approximately 1.69% above the present share price of $23.6.

Bouley expects Forterra Inc to post earnings per share (EPS) of $0.44 for the first quarter of 2021.

The current consensus among 5 TipRanks analysts is for a Moderate Buy rating of shares in Forterra, with an average price target of $22.5.
The analysts price targets range from a high of $24 to a low of $21.

In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $457.56 million and a net profit of $69.45 million. The company's market cap is $1.55 billion.

According to TipRanks.com, Barclays analyst Matthew Bouley is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 25.0% and a 69.78% success rate.

Forterra, Inc. is a holding company, which engages in the manufacture and sale of pipe and precast products. It operates through the flowing segments: Drainage Pipe & Products, Water Pipe & Products, and Corporate and Other. The Drainage Pipe & Products segment produces concrete drainage pipe and precast products in the United States and Eastern Canada. The Water Pipe & Products segment focuses on the production of ductile iron pipe and concrete and steel pressure pipe. The company was founded in 1899 and is headquartered in Irving, TX.

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