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Berenberg Bank Stick to Their Hold Rating for Vulcan Materials Company

Published 08/19/2021, 09:25 AM
VMC
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Berenberg Bank analyst Daniel Wang maintained a Hold rating on Vulcan Materials Company (NYSE:VMC) on Wednesday, setting a price target of $180, which is approximately 2.32% below the present share price of $184.27.

Wang expects Vulcan Materials Company to post earnings per share (EPS) of $1.47 for the third quarter of 2021.

The current consensus among 7 TipRanks analysts is for a Moderate Buy rating of shares in Vulcan Materials, with an average price target of $193.67.
The analysts price targets range from a high of $210 to a low of $180.

In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $1.36 billion and a net profit of $287.33 million. The company's market cap is $24.45 billion.

According to TipRanks.com, Berenberg Bank analyst Daniel Wang is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 77.8% and a 100.00% success rate.

Vulcan Materials Co. engages in the provision of basic materials and supply for infrastructure and construction industry. It operates through the following business segments: Aggregates, Asphalt, Concrete and Calcium. The Aggregates segment produces and sells asphalt mix and ready-mixed concrete primarily in its mid-Atlantic, Georgia, Southwestern, Tennessee and Western markets. The Asphalt segment produces and sells asphalt mix in Arizona, California, New Mexico, Tennessee, and Texas. The Concrete segment produces and sells ready-mixed concrete in California, Georgia, Maryland, New Mexico, Texas, Virginia, Washington D.C., and the Bahamas. The Calcium segment produces calcium products for the animal feed, plastics, and water treatment industries with calcium carbonate material mined at the Brooksville quarry. The company was founded in 1909 and is headquartered in Birmingham, AL.

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