RBC Capital analyst Michael Dahl maintained a Buy rating on Forterra (NASDAQ:FRTA) Inc on Friday, setting a price target of $23, which is approximately 23.59% above the present share price of $18.61.
Dahl expects Forterra Inc to post earnings per share (EPS) of $0.44 for the first quarter of 2021.
The current consensus among 7 TipRanks analysts is for a Moderate Buy rating of shares in Forterra, with an average price target of $20.86.
The analysts price targets range from a high of $23 to a low of $18.
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 $1.22 billion.
According to TipRanks.com, RBC Capital analyst Michael Dahl is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 4.9% and a 54.27% 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.