Zacks Investment Research downgraded US Concrete Inc (NASDAQ:USCR) to Sell in a statement released today.
- Updated: October 12, 2016
Zacks Investment Research has downgraded US Concrete Inc (NASDAQ:USCR) to Sell in a statement released on 10/12/2016.
On 8/08/2016, SunTrust released a statement on US Concrete Inc (NASDAQ:USCR) upped the target price from $0.00 to $75.00 that suggested an upside of 0.31%.
Having a price of $48.42, US Concrete Inc (NASDAQ:USCR) traded 0.00% even on the day. The last closing price is down -18.46% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. USCR has recorded a 50-day moving average of $49.56 and a 200-day moving average of $58.90. 150,902 shares of USCR traded hands, down from an average trading volume of 551,663
Recent Performance Chart
US Concrete Inc has 52 week low of $40.42 and a 52 week high of $69.66 and has a market capitalization of $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 8 brokerages have issued a ratings update on the company. The average stock price target is $77.88 with 0 brokerages rating the stock a strong buy, 0 brokerages rating the stock a buy, 0 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On US Concrete Inc (NASDAQ:USCR)
U.S. Concrete, Inc. is a producer of ready-mixed concrete in a range of geographic markets in the United States. The Company conducts its operations through two segments. The ready-mixed concrete segment engages principally in the formulation, production and delivery of ready-mixed concrete to its customers' job sites. The aggregate products segment produces crushed stone, sand and gravel. The Company operates approximately 140 standard ready-mixed concrete plants, over 20 volumetric ready-mixed concrete facilities, over 10 producing aggregates facilities, approximately three aggregates distribution terminals, over two lime slurry facilities and one recycled aggregates facility. It operates over 1,360 drum mixer trucks and approximately 120 volumetric mixer trucks. Its other products include its building materials stores, hauling operations, aggregates distribution terminals, ARIDUS Rapid Drying Concrete technology, lime slurry, brokered product sales and concrete blocks.
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