A Closer Look at 8 Analyst Recommendations For Vulcan Materials
Portfolio Pulse from Benzinga Insights
Vulcan Materials (NYSE:VMC) has received 8 analyst ratings in the past three months, showing a mix of bullish to bearish sentiments. The average 12-month price target is now $291.5, up 11.52% from the previous $261.38, with ratings adjustments and price target changes from analysts at Jefferies, Citigroup, Truist Securities, JP Morgan, RBC Capital, Goldman Sachs, and Raymond James. Vulcan Materials, a leading producer of construction aggregates in the US, has shown a positive revenue trend and strong profitability metrics, despite a high debt-to-equity ratio and challenges in maximizing ROA.
April 18, 2024 | 3:01 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Vulcan Materials has been positively rated by analysts, with an increased average price target suggesting confidence in its future performance. The company's strong market position and financial metrics support a positive outlook, despite some financial leverage concerns.
The increase in Vulcan Materials' average price target by analysts, along with positive adjustments in ratings and price targets, indicates a bullish sentiment towards the company's stock in the short term. The company's strong profitability, market capitalization, and revenue growth, despite some financial leverage and ROA challenges, contribute to this positive outlook. Analysts' actions, such as raising price targets and ratings, typically influence investor perceptions and can lead to short-term price movements in the positive direction.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100