Analysts at Canaccord Genuity Didn’t Change their Past ‘”Buy”’ rating on Shares Sterling Construction (NASDAQ:STRL), Set a $20.0 TP

January 22, 2018 - By Ellis Scott

 Analysts at Canaccord Genuity Didn't Change their Past ‘

Investors sentiment decreased to 1 in 2017 Q3. Its down 0.92, from 1.92 in 2017Q2. It turned negative, as 23 investors sold Sterling Construction Company, Inc. shares while 33 reduced holdings. 27 funds opened positions while 29 raised stakes. 17.96 million shares or 9.85% less from 19.92 million shares in 2017Q2 were reported.

Dimensional Fund Limited Partnership owns 0.01% invested in Sterling Construction Company, Inc. (NASDAQ:STRL) for 1.55M shares. Morgan Stanley owns 0% invested in Sterling Construction Company, Inc. (NASDAQ:STRL) for 95,892 shares. Meeder Asset invested in 0% or 138 shares. Legal And General Gru Public Ltd accumulated 4,697 shares or 0% of the stock. Willis Invest Counsel invested in 167,624 shares or 0.18% of the stock. Eam Investors Limited Company owns 44,204 shares or 0.09% of their US portfolio. Wells Fargo Co Mn has invested 0% in Sterling Construction Company, Inc. (NASDAQ:STRL). Royal Fincl Bank Of Canada, Ontario – Canada-based fund reported 13,120 shares. 298,628 were accumulated by Wellington Mngmt Group Llp. The Us-based Ancora Advisors Limited Liability has invested 0.07% in Sterling Construction Company, Inc. (NASDAQ:STRL). Argent Cap Management Limited Liability Com holds 354,580 shares or 0.21% of its portfolio. Thomson Horstmann & Bryant reported 0.63% in Sterling Construction Company, Inc. (NASDAQ:STRL). The New York-based Renaissance Tech Limited Liability Corp has invested 0.03% in Sterling Construction Company, Inc. (NASDAQ:STRL). 146,157 were accumulated by Signia Cap Ltd Llc. Cubist Systematic Strategies Limited owns 11,869 shares.

Since December 15, 2017, it had 0 insider purchases, and 2 sales for $519,628 activity.

Sterling Construction (NASDAQ:STRL) Rating Reaffirmed

New York: In a note revealed on 31 October, Canaccord Genuity reaffirmed their “Buy” rating on Sterling Construction (NASDAQ:STRL) shares. They now have a $20.0 TP on the firm. Canaccord Genuity’s target would indicate a potential upside of 31.06 % from the company’s current stock price.

Investors sentiment decreased to 1 in 2017 Q3. Its down 0.92, from 1.92 in 2017Q2. It turned negative, as 23 investors sold Sterling Construction Company, Inc. shares while 33 reduced holdings. 27 funds opened positions while 29 raised stakes. 17.96 million shares or 9.85% less from 19.92 million shares in 2017Q2 were reported.

Dimensional Fund Limited Partnership owns 0.01% invested in Sterling Construction Company, Inc. (NASDAQ:STRL) for 1.55M shares. Morgan Stanley owns 0% invested in Sterling Construction Company, Inc. (NASDAQ:STRL) for 95,892 shares. Meeder Asset invested in 0% or 138 shares. Legal And General Gru Public Ltd accumulated 4,697 shares or 0% of the stock. Willis Invest Counsel invested in 167,624 shares or 0.18% of the stock. Eam Investors Limited Company owns 44,204 shares or 0.09% of their US portfolio. Wells Fargo Co Mn has invested 0% in Sterling Construction Company, Inc. (NASDAQ:STRL). Royal Fincl Bank Of Canada, Ontario – Canada-based fund reported 13,120 shares. 298,628 were accumulated by Wellington Mngmt Group Llp. The Us-based Ancora Advisors Limited Liability has invested 0.07% in Sterling Construction Company, Inc. (NASDAQ:STRL). Argent Cap Management Limited Liability Com holds 354,580 shares or 0.21% of its portfolio. Thomson Horstmann & Bryant reported 0.63% in Sterling Construction Company, Inc. (NASDAQ:STRL). The New York-based Renaissance Tech Limited Liability Corp has invested 0.03% in Sterling Construction Company, Inc. (NASDAQ:STRL). 146,157 were accumulated by Signia Cap Ltd Llc. Cubist Systematic Strategies Limited owns 11,869 shares.

Since December 15, 2017, it had 0 insider purchases, and 2 sales for $519,628 activity.

Sterling Construction Company, Inc. (NASDAQ:STRL) Ratings Coverage

Among 5 analysts covering Sterling Construction (NASDAQ:STRL), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Sterling Construction has $20.0 highest and $5 lowest target. $9.50’s average target is -37.75% below currents $15.26 stock price. Sterling Construction had 13 analyst reports since August 12, 2015 according to SRatingsIntel. The stock of Sterling Construction Company, Inc. (NASDAQ:STRL) has “Buy” rating given on Thursday, January 11 by Canaccord Genuity. The stock of Sterling Construction Company, Inc. (NASDAQ:STRL) has “Buy” rating given on Monday, May 9 by DA Davidson. BWS Financial downgraded it to “Hold” rating and $6 target in Tuesday, May 3 report. KeyBanc Capital Markets downgraded the stock to “Sector Weight” rating in Thursday, February 9 report. Canaccord Genuity maintained the stock with “Buy” rating in Thursday, August 3 report. Canaccord Genuity maintained Sterling Construction Company, Inc. (NASDAQ:STRL) rating on Wednesday, August 9. Canaccord Genuity has “Buy” rating and $1500 target. The stock of Sterling Construction Company, Inc. (NASDAQ:STRL) has “Buy” rating given on Tuesday, October 31 by Canaccord Genuity. The firm earned “Hold” rating on Thursday, October 5 by KeyBanc Capital Markets. The stock has “Buy” rating by Canaccord Genuity on Thursday, August 24.

The stock decreased 0.26% or $0.04 during the last trading session, reaching $15.26. About 379,699 shares traded or 13.57% up from the average. Sterling Construction Company, Inc. (NASDAQ:STRL) has risen 121.51% since January 22, 2017 and is uptrending. It has outperformed by 104.81% the S&P500.

Analysts await Sterling Construction Company, Inc. (NASDAQ:STRL) to report earnings on March, 8. They expect $0.13 earnings per share, up 152.00 % or $0.38 from last year’s $-0.25 per share. STRL’s profit will be $3.52M for 29.35 P/E if the $0.13 EPS becomes a reality. After $0.26 actual earnings per share reported by Sterling Construction Company, Inc. for the previous quarter, Wall Street now forecasts -50.00 % negative EPS growth.

Sterling Construction Company, Inc., together with its subsidiaries, operates as a heavy civil construction firm in Texas, Utah, Nevada, Colorado, Arizona, California, Hawaii, and other states in the United States. The company has market cap of $412.80 million. The firm builds, repairs, and reconstructs transportation infrastructure projects, including highways, roads, bridges, airfields, ports, and light rail; and water infrastructure projects comprising water, wastewater, and storm drainage systems. It has a 171.46 P/E ratio. It primarily serves the departments of transportation in various states, regional transit authorities, airport authorities, port authorities, water authorities, and railroads.

More news for Sterling Construction Company, Inc. (NASDAQ:STRL) were recently published by: Seekingalpha.com, which released: “Sterling Construction: Right Place, Right Time” on November 19, 2017. Prnewswire.com‘s article titled: “What’s Happening With These Heavy Construction Stocks? — Sterling …” and published on January 10, 2018 is yet another important article.

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