Breaking Down Vulcan Materials: 5 Analysts Share Their Views
Portfolio Pulse from Benzinga Insights
Five analysts have recently updated their ratings on Vulcan Materials (NYSE:VMC), with an average 12-month price target of $242.4, down 2.13% from the previous average. Actions include ratings from 'Equal-Weight' to 'Buy' and price target changes. Vulcan Materials, a major producer of construction aggregates, showed a revenue growth of 4.67% but has a lower net margin and ROE compared to industry standards, and a high debt-to-equity ratio. Analysts' ratings are based on financial forecasts and company performance.
January 08, 2024 | 6:01 pm
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Analysts have mixed views on Vulcan Materials, with recent updates to ratings and price targets. The average 12-month price target is $242.4, reflecting a slight decrease. The company's financial performance shows growth but also highlights profitability and debt management issues.
The mixed analyst ratings and the slight decrease in the average price target suggest a neutral short-term impact on VMC's stock price. The company's growth is positive, but concerns about profitability and debt management could temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100