Construction Partners, Inc. (ROAD)
NASDAQ: ROAD · IEX Real-Time Price · USD
58.41
+0.17 (0.29%)
At close: Jul 19, 2024, 4:00 PM
58.43
+0.02 (0.03%)
Pre-market: Jul 20, 2024, 9:29 AM EDT
Construction Partners Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for ROAD stock have an average target of 55.33, with a low estimate of 49 and a high estimate of 60. The average target predicts a decrease of -5.27% from the current stock price of 58.41.
Analyst Consensus: Strong Buy
* Price targets were last updated on May 13, 2024.
Analyst Ratings
The average analyst rating for ROAD stock from 3 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 3 | 3 | 3 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Baird | Baird | Hold Maintains $50 → $60 | Hold | Maintains | $50 → $60 | +2.72% | May 13, 2024 |
| Stifel | Stifel | Strong Buy Maintains $51 → $57 | Strong Buy | Maintains | $51 → $57 | -2.41% | Feb 12, 2024 |
| Baird | Baird | Buy → Hold Downgrades $46 → $50 | Buy → Hold | Downgrades | $46 → $50 | -14.40% | Feb 12, 2024 |
| Stifel | Stifel | Strong Buy Maintains $45 → $51 | Strong Buy | Maintains | $45 → $51 | -12.69% | Dec 19, 2023 |
| Raymond James | Raymond James | Strong Buy Maintains $45 → $49 | Strong Buy | Maintains | $45 → $49 | -16.11% | Dec 1, 2023 |
Financial Forecast
Revenue This Year
1.87B
from 1.56B
Increased by 19.41%
Revenue Next Year
2.08B
from 1.87B
Increased by 11.46%
EPS This Year
1.44
from 0.94
Increased by 53.47%
EPS Next Year
1.83
from 1.44
Increased by 26.53%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.9B | 2.3B | 2.5B |
| Avg | 1.9B | 2.1B | 2.4B |
| Low | 1.8B | 2.0B | 2.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 23.5% | 20.7% | 20.3% |
| Avg | 19.4% | 11.5% | 16.9% |
| Low | 13.9% | 5.0% | 12.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.53 | 2.25 | 2.40 |
| Avg | 1.44 | 1.83 | 2.34 |
| Low | 1.35 | 1.58 | 2.24 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 63.1% | 55.8% | 31.7% |
| Avg | 53.5% | 26.5% | 28.0% |
| Low | 43.9% | 9.4% | 22.9% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.