Arcosa (NYSE:ACA) Lowered to Hold Rating by Wall Street Zen
Wall Street Zen downgraded Arcosa (NYSE:ACA) from a "buy" to a "hold" rating. Other analysts have mixed views: Barclays raised its price target to $115 with an "overweight" rating, while Zacks Research also downgraded to "hold." Arcosa's stock opened at $106.54, with a market cap of $5.22 billion. Institutional investors hold 90.66% of the stock. Despite a Moderate Buy consensus, some analysts suggest better investment options.
Arcosa (NYSE:ACA - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Sunday.
A number of other analysts also recently weighed in on the stock. Barclays raised their price target on shares of Arcosa from $106.00 to $115.00 and gave the stock an "overweight" rating in a research report on Monday, November 3rd. Zacks Research lowered shares of Arcosa from a "strong-buy" rating to a "hold" rating in a report on Friday, October 10th. DA Davidson upped their target price on shares of Arcosa from $110.00 to $120.00 and gave the company a "buy" rating in a research note on Monday, August 11th. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Arcosa in a research report on Tuesday. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Arcosa presently has an average rating of "Moderate Buy" and an average price target of $115.00.
Check Out Our Latest Stock Analysis on Arcosa
Arcosa Stock Up 0.1%
Shares of Arcosa stock opened at $106.54 on Friday. Arcosa has a 1-year low of $68.11 and a 1-year high of $111.19. The company has a market capitalization of $5.22 billion, a PE ratio of 35.28, a P/E/G ratio of 1.56 and a beta of 1.01. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.02 and a quick ratio of 1.30. The business has a 50-day moving average of $96.48 and a 200-day moving average of $92.79.
Arcosa (NYSE:ACA - Get Free Report) last issued its quarterly earnings results on Wednesday, August 17th. The company reported $0.60 EPS for the quarter. Arcosa had a return on equity of 7.46% and a net margin of 5.25%.The firm had revenue of $515.10 million during the quarter. As a group, equities analysts forecast that Arcosa will post 3.23 EPS for the current fiscal year.
Institutional Investors Weigh In On Arcosa
A number of institutional investors have recently modified their holdings of the business. Banque Cantonale Vaudoise acquired a new stake in Arcosa during the first quarter worth about $28,000. First Horizon Corp acquired a new position in Arcosa in the third quarter valued at approximately $32,000. Salomon & Ludwin LLC bought a new position in shares of Arcosa during the third quarter valued at approximately $33,000. Bessemer Group Inc. grew its holdings in shares of Arcosa by 47.8% during the third quarter. Bessemer Group Inc. now owns 368 shares of the company's stock valued at $35,000 after purchasing an additional 119 shares during the last quarter. Finally, Quarry LP raised its position in shares of Arcosa by 160.0% during the 3rd quarter. Quarry LP now owns 403 shares of the company's stock worth $38,000 after purchasing an additional 248 shares during the period. Institutional investors own 90.66% of the company's stock.
Arcosa Company Profile
(Get Free Report)Arcosa, Inc, together with its subsidiaries, provides infrastructure-related products and solutions for the construction, engineered structures, and transportation markets in the United States. It operates through three segments: Construction Products, Engineered Structures, and Transportation Products.
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