The nearly stalled construction business has yet to show positive signs of recovery, jeopardizing the prospects of the building materials and other related products markets. In the most recent quarter, Vulcan failed to live up to the Zacks Consensus Estimate of $0.19 per share by posting a profit of only $0.08.
In addition, its cash position has also deteriorated. Based on the above conditions, we continue with our Underperform recommendation on the stock and set a target price of $36.00.
VULCAN MATLS CO (VMC): Free Stock Analysis Report
Zacks Investment Research
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