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Oppenheimer Stick to Their Buy Rating for Arcosa Inc

Published 12/15/2020, 11:55 PM
Updated 12/15/2020, 11:55 PM


Oppenheimer analyst Ian Zaffino maintained a Buy rating on Arcosa (NYSE:ACA) Inc on Tuesday, setting a price target of $60, which is approximately 13.38% above the present share price of $52.92.

Zaffino expects Arcosa Inc to post earnings per share (EPS) of $0.64 for the fourth quarter of 2020.

The current consensus among 3 TipRanks analysts is for a Moderate Buy rating of shares in Arcosa, with an average price target of $60.
The analysts price targets range from a high of $60 to a low of $60.

In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $490 million and a net profit of $42.1 million. The company's market cap is $2.63 billion.

According to TipRanks.com, Oppenheimer analyst Ian Zaffino is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 5.5% and a 56.35% success rate.

Arcosa, Inc. engages in the provision of infrastructure-related products and services. It operates through the following segments: Construction Products, Energy Equipment, and Transportation Products. The Construction Products segment produces and sells construction aggregates, and manufactures and sells trench shields and shoring products and services for infrastructure-related projects. The Energy Equipment manufactures and sells products for energy-related businesses, including structural wind towers, steel utility structures for electricity transmission and distribution, and storage and distribution containers. The Transportation Products segment covers the manufacture and sale of products for the inland waterway and rail transportation industries, including barges, barge-related products, axles, and couplers. The company was founded in December 2017 and is headquartered in Dallas, TX.

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