$61.75
3.345.72%
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Construction Partners
ROADNASDAQ
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Construction Partners (NASDAQ:ROAD) Stock, Analyst Ratings, Price Targets, Forecasts
Construction Partners Inc has a consensus price target of $42.5 based on the ratings of 6 analysts. The high is $60 issued by Baird on May 13, 2024. The low is $25 issued by Raymond James on May 11, 2022. The 3 most-recent analyst ratings were released by Baird, Stifel, and Baird on May 13, 2024, February 12, 2024, and February 12, 2024, respectively. With an average price target of $55.67 between Baird, Stifel, and Baird, there's an implied -9.85% downside for Construction Partners Inc from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
Baird
Stifel
Raymond James
Raymond James
Raymond James
1calculated from analyst ratings
Analyst Ratings for Construction Partners
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 05/13/2024 | Buy Now | -2.83% | Baird | Andrew Wittmann | $50 → $60 | Maintains | Neutral | Get Alert |
| 02/12/2024 | Buy Now | -7.69% | Stifel | Stanley Elliott | $51 → $57 | Maintains | Buy | Get Alert |
| 02/12/2024 | Buy Now | -19.03% | Baird | Andrew Wittmann | $46 → $50 | Downgrade | Outperform → Neutral | Get Alert |
| 12/19/2023 | Buy Now | -17.41% | Stifel | Stanley Elliott | $45 → $51 | Maintains | Buy | Get Alert |
| 12/01/2023 | Buy Now | -20.65% | Raymond James | Patrick Tyler Brown | $45 → $49 | Maintains | Strong Buy | Get Alert |
| 11/30/2023 | Buy Now | -27.13% | Stifel | Stanley Elliott | $44 → $45 | Maintains | Buy | Get Alert |
| 10/05/2023 | Buy Now | -27.13% | Raymond James | Patrick Tyler Brown | $38 → $45 | Maintains | Strong Buy | Get Alert |
| 08/03/2023 | Buy Now | -38.46% | Raymond James | Patrick Tyler Brown | $36 → $38 | Maintains | Strong Buy | Get Alert |
| 02/14/2023 | Buy Now | -41.7% | Raymond James | Patrick Tyler Brown | $37 → $36 | Maintains | Strong Buy | Get Alert |
| 12/19/2022 | Buy Now | -46.56% | Stifel | Stanley Elliott | $32 → $33 | Maintains | Buy | Get Alert |
| 11/21/2022 | Buy Now | -40.08% | Raymond James | Patrick Tyler Brown | $35 → $37 | Maintains | Strong Buy | Get Alert |
| 08/19/2022 | Buy Now | -43.32% | Raymond James | Patrick Tyler Brown | $25 → $35 | Maintains | Strong Buy | Get Alert |
| 07/08/2022 | Buy Now | -57.89% | Baird | Andrew Wittmann | $30 → $26 | Maintains | Outperform | Get Alert |
| 05/11/2022 | Buy Now | -59.51% | Raymond James | Sam Darkatsh | $30 → $25 | Upgrade | Outperform → Strong Buy | Get Alert |
| 01/18/2022 | Buy Now | -51.42% | Raymond James | Joshua Wilson | $35 → $30 | Maintains | Outperform | Get Alert |
| 01/07/2022 | Buy Now | -44.94% | B of A Securities | Michael Feniger | $40 → $34 | Upgrade | Neutral → Buy | Get Alert |
| 11/19/2021 | Buy Now | -30.36% | B of A Securities | Michael Feniger | — | Downgrade | Buy → Neutral | Get Alert |
FAQ
What is the target price for Construction Partners (ROAD) stock?
The latest price target for Construction Partners (NASDAQ:ROAD) was reported by Baird on May 13, 2024. The analyst firm set a price target for $60.00 expecting ROAD to fall to within 12 months (a possible -2.83% downside). 8 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Construction Partners (ROAD)?
The latest analyst rating for Construction Partners (NASDAQ:ROAD) was provided by Baird, and Construction Partners maintained their neutral rating.
When was the last upgrade for Construction Partners (ROAD)?
The last upgrade for Construction Partners Inc happened on May 11, 2022 when Raymond James raised their price target to $25. Raymond James previously had an outperform for Construction Partners Inc.
When was the last downgrade for Construction Partners (ROAD)?
The last downgrade for Construction Partners Inc happened on February 12, 2024 when Baird changed their price target from $46 to $50 for Construction Partners Inc.
When is the next analyst rating going to be posted or updated for Construction Partners (ROAD)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Construction Partners, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Construction Partners was filed on May 13, 2024 so you should expect the next rating to be made available sometime around May 13, 2025.
Is the Analyst Rating Construction Partners (ROAD) correct?
While ratings are subjective and will change, the latest Construction Partners (ROAD) rating was a maintained with a price target of $50.00 to $60.00. The current price Construction Partners (ROAD) is trading at is $61.75, which is out of the analyst’s predicted range.
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