North / South America
Vulcan Materials PT Raised to $65.00 at RBC Capital (VMC)
Nov, 06 2013
Investment analysts at RBC Capital hoisted their price target on shares of Vulcan Materials (NYSE:VMC) from $60.00 to $65.00 in a note issued to investors on Tuesday, Analyst Ratings Network.com reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s target price would indicate a potential upside of 15.17% from the stock’s previous close.
Shares of Vulcan Materials (NYSE:VMC) traded down 2.32% during mid-day trading on Tuesday, hitting $56.44. The stock had a trading volume of 1,541,030 shares. Vulcan Materials has a 52 week low of $44.19 and a 52 week high of $60.14. The stock has a 50-day moving average of $52.83 and a 200-day moving average of $51.06. The company’s market cap is $7.335 billion.
Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.32 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.27 by $0.05. The company had revenue of $775.20 million for the quarter, compared to the consensus estimate of $774.13 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. The company’s quarterly revenue was up 11.6% on a year-over-year basis. Analysts expect that Vulcan Materials will post $-0.12 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, December 10th. Stockholders of record on Monday, November 25th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.07%. The ex-dividend date is Thursday, November 21st.
A number of other analysts have also recently weighed in on VMC. Analysts at Zacks reiterated a “neutral” rating on shares of Vulcan Materials in a research note to investors on Tuesday. They now have a $61.00 price target on the stock. Separately, analysts at DA Davidson downgraded shares of Vulcan Materials from a “neutral” rating to an “underperform” rating in a research note to investors on Monday. They now have a $50.00 price target on the stock. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. Vulcan Materials has an average rating of “Hold” and an average target price of $58.17.
Vulcan Materials Company is a producer of construction aggregates primarily crushed stone, sand, and gravel.
Some of the world’s largest financial firms are betting Mexican billionaires Carlos Slim and Antonio del Valle Ruiz will work their magic to boost the value of cement maker Elementia, Bloomberg reports. More
Vandals broke 75 windows and popped 64 tires, disabling every truck in Christensen Ready Mix's fleet at their Mount Pleasant yard, Sanpete County, Utah. More