G.Research Upgrades Arcosa (NYSE:ACA) to Buy

Arcosa (NYSE:ACA) was upgraded by G.Research from a “hold” rating to a “buy” rating in a report released on Monday, Analyst Ratings Network reports. G.Research also issued estimates for Arcosa’s FY2022 earnings at $2.35 EPS.

Several other analysts have also recently issued reports on ACA. Zacks Investment Research raised shares of Arcosa from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 27th. Oppenheimer increased their target price on shares of Arcosa from $60.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, February 25th. Gabelli upgraded shares of Arcosa from a “hold” rating to a “buy” rating in a research note on Monday. Finally, Sidoti cut Arcosa from a “buy” rating to a “neutral” rating and increased their price objective for the company from $64.00 to $67.00 in a research note on Monday, February 22nd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $61.50.

Arcosa stock opened at $64.47 on Monday. The company has a market capitalization of $3.11 billion, a PE ratio of 26.75, a price-to-earnings-growth ratio of 5.38 and a beta of 0.42. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.44 and a current ratio of 2.37. Arcosa has a fifty-two week low of $31.03 and a fifty-two week high of $68.46. The firm has a 50 day moving average price of $63.10 and a 200 day moving average price of $58.12.

Arcosa (NYSE:ACA) last issued its quarterly earnings data on Thursday, April 29th. The company reported $0.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.14. Arcosa had a return on equity of 6.77% and a net margin of 6.09%. As a group, equities research analysts forecast that Arcosa will post 2.51 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. First Trust Advisors LP acquired a new position in shares of Arcosa during the first quarter worth $4,006,000. IHT Wealth Management LLC increased its holdings in shares of Arcosa by 3.7% in the 3rd quarter. IHT Wealth Management LLC now owns 8,556 shares of the company’s stock valued at $377,000 after acquiring an additional 309 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Arcosa by 40.1% in the 4th quarter. Pacer Advisors Inc. now owns 14,509 shares of the company’s stock valued at $797,000 after acquiring an additional 4,155 shares during the last quarter. Centaurus Financial Inc. acquired a new stake in shares of Arcosa during the 4th quarter worth about $108,000. Finally, Nisa Investment Advisors LLC lifted its stake in Arcosa by 2.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 15,677 shares of the company’s stock worth $861,000 after purchasing an additional 300 shares during the last quarter. Institutional investors and hedge funds own 85.76% of the company’s stock.

About Arcosa

Arcosa, Inc, together with its subsidiaries, provides infrastructure-related products and solutions for the construction, energy, and transportation markets in North America. It operates through three segments: Construction Products, Engineered Structures, and Transportation Products. The Construction Products segment offers natural and lightweight aggregates; specialty materials, including lightweight aggregates and plaster; trench shields and shoring products for residential and non-residential construction, agriculture, specialty building products, and underground construction markets, as well as for infrastructure, including road, bridge, and other public products markets.

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Analyst Recommendations for Arcosa (NYSE:ACA)

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