Brokerage Firm Rating Update on U S Concrete (USCR)

U S Concrete (USCR) : Zacks Investment Research ranks U S Concrete (USCR) as 3, which is a Hold recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. The average broker rating of 4 research analysts is 1, which indicates as a Strong Buy.

U S Concrete (USCR) : Currently there are 3 street experts covering U S Concrete (USCR) stock. The most bullish and bearish price target for the stock is $80 and $68 respectively for the short term. The average price target of all the analysts comes to $74.33. The estimated standard deviation from the target is $6.03.


For this week, the average consensus of the company shares are rated as a Strong Buy. Also, SunTrust Robinson Humphrey initiates coverage on U S Concrete (NASDAQ:USCR). The rating major has initiated the coverage with buy rating on the shares. The rating by the firm was issued on August 8, 2016.

U S Concrete (NASDAQ:USCR): stock was range-bound between the intraday low of $49.2 and the intraday high of $50.99 after having opened at $50.63 on Wednesdays session. The stock finally closed in the red at $50.63, a loss of -2.06%. The stock remained in the red for the whole trading day. The total traded volume was 315,281 shares. The stock failed to cross $50.99 in Wednesdays trading. The stocks closing price on Thursday was $50.52.

U.S. Concrete, Inc. is a producer of ready-mixed concrete in select markets in the United States. The Company operates through two segments: ready-mixed concrete and aggregate products. Its ready-mixed concrete engages in the formulation, production and delivery of ready-mixed concrete to its customers job sites. It provides ready-mixed concrete from its operations in north Texas, west Texas, northern California, New Jersey, New York, Washington, D.C. and Oklahoma. Its aggregate products segment produces crushed stone, sand and gravel from seven aggregates facilities located in New Jersey and Texas. Its customers include contractors for commercial and industrial, residential, street and highway and other public works construction. It has approximately 139 ready-mixed concrete plants, 16 volumetric ready-mixed concrete facilities and 12 producing aggregates facilities. Its Wantage Stone reserves, a site development quarry, which include an 80 acre land that is located in New Jersey.

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