Arcosa (NYSE:ACA) had its price target raised by equities researchers at Sidoti from $50.00 to $56.00 in a research report issued to clients and investors on Thursday, BenzingaRatingsTable reports. The brokerage currently has a “buy” rating on the stock. Sidoti’s price objective points to a potential upside of 19.76% from the stock’s current price.
ACA has been the subject of a number of other research reports. Zacks Investment Research cut shares of Arcosa from a “buy” rating to a “hold” rating in a report on Wednesday. ValuEngine cut shares of Arcosa from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. Arcosa currently has an average rating of “Hold” and a consensus price target of $43.69.
ACA opened at $46.76 on Thursday. Arcosa has a fifty-two week low of $28.34 and a fifty-two week high of $47.47. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.65 and a current ratio of 3.01. The company has a fifty day moving average of $45.38 and a two-hundred day moving average of $38.49. The stock has a market capitalization of $2.24 billion, a price-to-earnings ratio of 19.16, a PEG ratio of 1.40 and a beta of 0.48.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ACA. First Trust Advisors LP purchased a new stake in Arcosa during the 1st quarter valued at $4,006,000. Bank of America Corp DE raised its stake in Arcosa by 48.0% during the 2nd quarter. Bank of America Corp DE now owns 69,448 shares of the company’s stock valued at $2,613,000 after buying an additional 22,539 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in Arcosa by 26.1% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,230 shares of the company’s stock valued at $130,000 after buying an additional 668 shares during the last quarter. BlackRock Inc. raised its stake in Arcosa by 24.7% during the 2nd quarter. BlackRock Inc. now owns 7,267,168 shares of the company’s stock valued at $273,464,000 after buying an additional 1,438,324 shares during the last quarter. Finally, Macquarie Group Ltd. purchased a new stake in Arcosa during the 2nd quarter valued at $139,000. 81.51% of the stock is owned by institutional investors.
Arcosa, Inc manufactures and sells infrastructure-related products and services for the construction, energy, and transportation markets. It operates through three segments: Construction Products Group, Energy Equipment Group, and Transportation Products Group. The Construction Products Group segment offers lightweight and natural construction aggregates, and trench shields and shoring products that are used in construction landscape, including commercial, industrial, road and bridge, and underground construction.
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