Construction Partners, Inc. (ROAD)
NASDAQ: ROAD · IEX Real-Time Price · USD
52.15
+0.77 (1.49%)
Apr 26, 2024, 1:05 PM EDT - Market open
Construction Partners Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for ROAD stock have an average target of 52, with a low estimate of 49 and a high estimate of 57. The average target predicts a decrease of -0.28% from the current stock price of 52.15.
Analyst Consensus: Strong Buy
* Price targets were last updated on Feb 12, 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 0 | 0 | 0 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2 | 2 | 2 | 3 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Stifel | Stifel | Strong Buy Maintains $51 → $57 | Strong Buy | Maintains | $51 → $57 | +9.31% | Feb 12, 2024 |
| Baird | Baird | Buy → Hold Downgrades $46 → $50 | Buy → Hold | Downgrades | $46 → $50 | -4.11% | Feb 12, 2024 |
| Stifel | Stifel | Strong Buy Maintains $45 → $51 | Strong Buy | Maintains | $45 → $51 | -2.20% | Dec 19, 2023 |
| Raymond James | Raymond James | Strong Buy Maintains $45 → $49 | Strong Buy | Maintains | $45 → $49 | -6.03% | Dec 1, 2023 |
| Stifel | Stifel | Strong Buy Maintains $44 → $45 | Strong Buy | Maintains | $44 → $45 | -13.70% | Nov 30, 2023 |
Financial Forecast
Revenue This Year
1.84B
from 1.56B
Increased by 17.36%
Revenue Next Year
2.03B
from 1.84B
Increased by 10.84%
EPS This Year
1.35
from 0.94
Increased by 44.10%
EPS Next Year
1.73
from 1.35
Increased by 27.95%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.9B | 2.2B | 2.5B |
| Avg | 1.8B | 2.0B | 2.4B |
| Low | 1.7B | 1.9B | 2.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 22.3% | 18.6% | 23.1% |
| Avg | 17.4% | 10.8% | 19.6% |
| Low | 10.6% | 3.1% | 14.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.45 | 1.96 | 2.40 |
| Avg | 1.35 | 1.73 | 2.34 |
| Low | 1.22 | 1.48 | 2.24 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 54.1% | 45.0% | 38.7% |
| Avg | 44.1% | 27.9% | 34.8% |
| Low | 29.3% | 9.2% | 29.5% |
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.