Analyst Price Target is $50.25
▲ +8.25% Upside Potential
This price target is based on 3 analysts offering 12 month price targets for Construction Partners in the last 3 months. The average price target is $50.25, with a high forecast of $57.00 and a low forecast of $45.00. The average price target represents a 8.25% upside from the last price of $46.42.
Current Consensus is
The current consensus among 3 contributing investment analysts is to buy stock in Construction Partners. This Buy consensus rating has held steady for over two years.
Construction Partners, Inc., a civil infrastructure company, constructs and maintains roadways in Alabama, Florida, Georgia, North Carolina, South Carolina, and Tennessee. The company provides various products and services to public and private infrastructure projects, such as highways, roads, bridges, airports, and commercial and residential developments. It also engages in manufacturing and distributing hot mix asphalt (HMA) for internal use and sales to third parties in connection with construction projects; and paving activities, including the construction of roadway base layers and application of asphalt pavement. In addition, the company is involved in site development, including the installation of utility and drainage systems; mining aggregates, such as sand, gravel, and construction stones that are used as raw materials in the production of HMA; and distributing liquid asphalt cement for internal use and sales to third parties in connection with HMA production. The company was formerly known as SunTx CPI Growth Company, Inc. and changed its name to Construction Partners, Inc. in September 2017. Construction Partners, Inc. was founded in 2007 and is headquartered in Dothan, Alabama.