Jul. 9 at 7:49 PM
$ROAD "Shares of Construction Partners Inc. (NASDAQ: ROAD) are trading at
$95.10, dropping 6.67% during today's session. The civil infrastructure and road-paving company is facing technical pressure and short-term multiple compression, sliding well below its 50-day and 200-day moving averages.
Despite the recent downward trend, the 12-month outlook on Wall Street remains highly favorable, carrying a Moderate Buy consensus and an average price target of
$132.50, which points to an estimated 39% upside.
There is a clear disconnect between ROAD's falling stock price and its explosive business growth. In its latest fiscal Q2 earnings report, the company delivered phenomenal numbers: Jumped 34.5% year-over-year to
$769.22 million. Adjusted net income skyrocketed 136% to
$10.4 million, yielding an adjusted EPS of
$0.18, which vastly exceeded the
$0.05 consensus expectation.
Average Price Target:
$132.50 to
$145.40 depending on the specific analyst pool."
