Construction Partners (ROAD) Receives a Hold from D.A. Davidson

In a report released today, Brent Thielman from D.A. Davidson maintained a Hold rating on Construction Partners (ROAD – Research Report), with a price target of $50.00. The company’s shares closed last Friday at $55.44.

According to TipRanks, Thielman is a top 100 analyst with an average return of 22.3% and a 70.25% success rate. Thielman covers the Industrials sector, focusing on stocks such as EMCOR Group, Encore Wire, and Granite Construction.

Construction Partners has an analyst consensus of Hold, with a price target consensus of $56.33, representing a 1.61% upside. In a report released today, Robert W. Baird also maintained a Hold rating on the stock with a $60.00 price target.

Based on Construction Partners’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $371.43 million and a GAAP net loss of $1.12 million. In comparison, last year the company earned a revenue of $324.85 million and had a GAAP net loss of $5.48 million

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Construction Partners (ROAD) Company Description:

Construction Partners, Inc. engages in construction of roadways and highways. It acquires road construction companies with services in asphalt production, paving and other construction services for both the public and private sectors. The company was founded by Ned N. Fleming & Charles E. Owens in 1999 and is headquartered in Dothan, AL.