Sterling Construction (STRL) Upgraded to B- at TheStreet

TheStreet upgraded shares of Sterling Construction (NASDAQ:STRL) from a c+ rating to a b- rating in a report published on Tuesday morning.

STRL has been the subject of several other research reports. BidaskClub cut shares of Sterling Construction from a buy rating to a hold rating in a report on Tuesday. Canaccord Genuity restated a buy rating and set a $15.00 target price on shares of Sterling Construction in a report on Saturday, August 26th. Finally, Zacks Investment Research cut shares of Sterling Construction from a buy rating to a hold rating in a report on Saturday, October 21st. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Sterling Construction has an average rating of Buy and an average target price of $17.00.

Sterling Construction (NASDAQ STRL) traded up $0.65 during trading on Tuesday, hitting $17.95. 375,200 shares of the stock traded hands, compared to its average volume of 299,893. The firm has a market capitalization of $467.98, a PE ratio of 115.33, a PEG ratio of 3.53 and a beta of 0.36. Sterling Construction has a 12 month low of $7.75 and a 12 month high of $18.90. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.44 and a quick ratio of 1.42.

Sterling Construction (NASDAQ:STRL) last released its quarterly earnings results on Monday, October 30th. The construction company reported $0.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.04. The company had revenue of $304.20 million during the quarter, compared to analysts’ expectations of $263.69 million. Sterling Construction had a net margin of 0.25% and a return on equity of 3.90%. The business’s quarterly revenue was up 48.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.10 earnings per share. equities research analysts forecast that Sterling Construction will post 0.44 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in STRL. Voya Investment Management LLC acquired a new position in Sterling Construction during the second quarter worth $144,000. Thompson Davis & CO. Inc. acquired a new position in Sterling Construction during the second quarter worth $150,000. Airain ltd acquired a new position in Sterling Construction during the second quarter worth $168,000. Cubist Systematic Strategies LLC acquired a new position in Sterling Construction during the second quarter worth $194,000. Finally, Macquarie Group Ltd. acquired a new position in Sterling Construction during the third quarter worth $214,000. Institutional investors and hedge funds own 71.96% of the company’s stock.

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Sterling Construction Company Profile

Sterling Construction Company, Inc is a heavy civil construction company engaged in the building and reconstruction of transportation and water infrastructure projects in Texas, Utah, Nevada, Arizona, California, Hawaii and other states. The Company’s transportation infrastructure projects include highways, roads, bridges, airfields, ports and light rail.

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