Truist Financial (NYSE:TFC) analyst Rohit Seth maintained a Buy rating on Forterra (NASDAQ:FRTA) Inc on Monday, setting a price target of $19, which is approximately 15.36% above the present share price of $16.47.
Seth expects Forterra Inc to post earnings per share (EPS) of $0.42 for the third quarter of 2020.
The current consensus among 3 TipRanks analysts is for a Moderate Buy rating of shares in Forterra, with an average price target of $16.33.
The analysts price targets range from a high of $19 to a low of $15.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $426.19 million and a net profit of $51.3 million. The company's market cap is $1.07 billion.
According to TipRanks.com, Truist Financial analyst Rohit Seth is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 8.8% and a 58.93% 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.