27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
In the latest quarter, 4 analysts provided ratings for Construction Partners (NASDAQ:ROAD), showcasing a mix of bullish and bearish perspectives.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 0 | 1 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 1 | 0 | 0 | 0 | 0 |
| 3M Ago | 2 | 0 | 0 | 0 | 0 |
Analysts have recently evaluated Construction Partners and provided 12-month price targets. The average target is $48.75, accompanied by a high estimate of $51.00 and a low estimate of $45.00. This upward trend is apparent, with the current average reflecting a 8.33% increase from the previous average price target of $45.00.
Breaking Down Analyst Ratings: A Detailed Examination
A clear picture of Construction Partners's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Andrew Wittmann | Baird | Raises | Neutral | $50.00 | $46.00 |
| Stanley Elliott | Stifel | Raises | Buy | $51.00 | $45.00 |
| Patrick Tyler Brown | Raymond James | Raises | Strong Buy | $49.00 | $45.00 |
| Stanley Elliott | Stifel | Raises | Buy | $45.00 | $44.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Construction Partners. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Construction Partners compared to the broader market.
- Price Targets: Analysts predict movements in price targets, offering estimates for Construction Partners's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Construction Partners's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on Construction Partners analyst ratings.
All You Need to Know About Construction Partners
Construction Partners Inc operates as an infrastructure and road construction company. It provides construction products and services to the public and private sectors. Its services cover the construction of highways, roads, bridges, airports, and commercial and residential sites. The company provides site development, paving, utility and drainage systems, as well as supplies hot mix asphalt.
Construction Partners's Financial Performance
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Positive Revenue Trend: Examining Construction Partners's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 20.86% as of 30 September, 2023, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Industrials sector.
Net Margin: Construction Partners's net margin is impressive, surpassing industry averages. With a net margin of 6.51%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Construction Partners's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 6.2%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Construction Partners's ROA excels beyond industry benchmarks, reaching 2.57%. This signifies efficient management of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.76.
How Are Analyst Ratings Determined?
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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