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Construction Partners Inc has a consensus price target of $49 based on the ratings of 7 analysts. The high is $72 issued by Raymond James on August 12, 2024. The low is $25 issued by Raymond James on May 11, 2022. The 3 most-recent analyst ratings were released by DA Davidson, Raymond James, and Stifel on August 13, 2024, August 12, 2024, and August 12, 2024, respectively. With an average price target of $64.67 between DA Davidson, Raymond James, and Stifel, there's an implied -12.20% downside for Construction Partners Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Construction Partners (NASDAQ:ROAD) was reported by DA Davidson on August 13, 2024. The analyst firm set a price target for $55.00 expecting ROAD to fall to within 12 months (a possible -25.32% downside). 10 analyst firms have reported ratings in the last year.
The latest analyst rating for Construction Partners (NASDAQ:ROAD) was provided by DA Davidson, and Construction Partners maintained their neutral rating.
The last upgrade for Construction Partners Inc happened on May 11, 2022 when Raymond James raised their price target to $25. Raymond James previously had an outperform for Construction Partners Inc.
The last downgrade for Construction Partners Inc happened on February 12, 2024 when Baird changed their price target from $46 to $50 for Construction Partners Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Construction Partners, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Construction Partners was filed on August 13, 2024 so you should expect the next rating to be made available sometime around August 13, 2025.
While ratings are subjective and will change, the latest Construction Partners (ROAD) rating was a maintained with a price target of $50.00 to $55.00. The current price Construction Partners (ROAD) is trading at is $73.65, which is out of the analyst’s predicted range.
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