Construction Partners (ROAD) Stock Forecast, Price Target & Predictions
ROAD Stock Forecast
Construction Partners stock forecast is as follows: an average price target of $79.67 (represents a 1.17% upside from ROAD’s last price of $78.75) and a rating consensus of 'Strong Buy', based on 2 wall street analysts offering a 1-year stock forecast.
ROAD Price Target
The average price target for Construction Partners (ROAD) is $79.67 based on 1-year price targets from 2 Wall Street analysts in the past 3 months, with a price target range of $92.00 to $72.00. This represents a potential 1.17% upside from ROAD's last price of $78.75.
ROAD Analyst Ratings
According to 2 Wall Street analysts, Construction Partners's rating consensus is 'Strong Buy'. The analyst rating breakdown for ROAD stock is 1 'Strong Buy' (50.00%), 0 'Buy' (0.00%), 1 'Hold' (50.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Construction Partners Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 22, 2024 | Andrew Wittmann | Robert W. Baird | $92.00 | $84.70 | 8.62% | 16.83% |
| Oct 21, 2024 | Brent Thielman | D.A. Davidson | $75.00 | $84.70 | -11.45% | -4.76% |
| Aug 13, 2024 | Brent Thielman | D.A. Davidson | $55.00 | $61.02 | -9.86% | -30.16% |
| Aug 12, 2024 | Patrick Tyler Brown | Raymond James | $72.00 | $60.20 | 19.60% | -8.57% |
| May 13, 2024 | Brent Thielman | D.A. Davidson | $50.00 | $55.35 | -9.67% | -36.51% |
| May 13, 2024 | Andrew Wittmann | Robert W. Baird | $60.00 | $55.29 | 8.52% | -23.81% |
| Aug 19, 2022 | Patrick Tyler Brown | Raymond James | $35.00 | $30.24 | 15.74% | -55.56% |
The latest Construction Partners stock forecast, released on Oct 22, 2024 by Andrew Wittmann from Robert W. Baird, set a price target of $92.00, which represents a 8.62% increase from the stock price at the time of the forecast ($84.70), and a 16.83% increase from ROAD last price ($78.75).
Construction Partners Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 2 | 4 | 6 |
| Avg Price Target | $83.50 | $73.50 | $67.33 |
| Last Closing Price | $78.75 | $78.75 | $78.75 |
| Upside/Downside | 6.03% | -6.67% | -14.50% |
In the current month, the average price target of Construction Partners stock is $83.50, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 6.03% increase as opposed to Construction Partners's last price of $78.75. This month's average price target is up 13.61% compared to last quarter, and up 24.02% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 12, 2024 | Raymond James | Strong Buy | Strong Buy | Hold |
| Feb 12, 2024 | Barclays | - | Neutral | Downgrade |
| Dec 01, 2023 | Raymond James | Strong Buy | Strong Buy | Hold |
| Aug 03, 2023 | Raymond James | Strong Buy | Strong Buy | Hold |
| Aug 19, 2022 | Raymond James | Strong Buy | Strong Buy | Hold |
| May 11, 2022 | Raymond James | - | Strong Buy | Upgrade |
Construction Partners's last stock rating was published by Raymond James on Aug 12, 2024. The company gave ROAD a "Strong Buy" rating, the same as its previous rate.
Construction Partners Financial Forecast
Construction Partners Revenue Forecast
| Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | $396.50M | $475.03M | $421.89M | $324.85M | $341.78M | $393.05M | $380.27M | $243.38M | $284.96M | $279.04M | $261.66M | $179.11M | $190.93M | $224.65M | $217.04M | $168.68M | $175.31M | $237.32M | $227.29M |
| Avg Forecast | $832.20M | $776.30M | $567.45M | $624.10M | $758.29M | $720.80M | $526.59M | $462.31M | $542.74M | $503.57M | $363.12M | $393.62M | $465.32M | $426.80M | $282.66M | $318.70M | $357.97M | $318.97M | $217.66M | $238.52M | $312.37M | $291.52M | $201.36M | $203.12M | $241.50M | $234.10M | $168.85M | $171.26M | $249.69M | $229.63M |
| High Forecast | $832.20M | $776.30M | $567.45M | $624.10M | $758.29M | $720.80M | $526.59M | $462.31M | $542.74M | $503.57M | $364.59M | $399.38M | $467.62M | $426.80M | $282.66M | $318.70M | $357.97M | $318.97M | $217.66M | $238.52M | $312.37M | $291.52M | $201.36M | $203.12M | $241.50M | $234.10M | $168.85M | $171.26M | $249.69M | $229.63M |
| Low Forecast | $832.20M | $776.30M | $567.45M | $624.10M | $758.29M | $720.80M | $526.59M | $462.31M | $542.74M | $503.57M | $361.65M | $387.85M | $460.61M | $426.80M | $282.66M | $318.70M | $357.97M | $318.97M | $217.66M | $238.52M | $312.37M | $291.52M | $201.36M | $203.12M | $241.50M | $234.10M | $168.85M | $171.26M | $249.69M | $229.63M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 2 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 9 | 9 | 9 | 9 | 5 | 5 | 5 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.01% | 1.02% | 0.99% | 1.15% | 1.07% | 1.10% | 1.19% | 1.12% | 1.19% | 0.89% | 0.90% | 0.89% | 0.94% | 0.93% | 0.93% | 1.00% | 1.02% | 0.95% | 0.99% |
Construction Partners's average Quarter revenue forecast for Mar 24 based on 1 analysts is $363.12M, with a low forecast of $361.65M, and a high forecast of $364.59M. ROAD's average Quarter revenue forecast represents a -8.42% decrease compared to the company's last Quarter revenue of $396.50M (Dec 23).
Construction Partners EBITDA Forecast
| Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 2 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 9 | 9 | 9 | 9 | 5 | 5 | 5 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | $16.73M | $44.76M | $51.87M | $14.55M | $24.57M | $18.82M | $35.09M | $4.68M | $24.48M | $25.35M | $27.13M | $6.14M | $16.75M | $24.11M | $21.09M | $3.90M | $7.06M | $22.73M | $22.76M |
| Avg Forecast | $81.04M | $75.60M | $55.26M | $60.78M | $73.84M | $70.19M | $51.28M | $45.02M | $52.85M | $49.04M | $8.44M | $38.33M | $45.31M | $41.56M | $7.67M | $16.83M | $34.86M | $31.06M | $8.21M | $23.23M | $30.42M | $28.39M | $17.96M | $19.78M | $23.52M | $22.80M | $5.27M | $16.68M | $24.32M | $22.36M |
| High Forecast | $81.04M | $75.60M | $55.26M | $60.78M | $73.84M | $70.19M | $51.28M | $45.02M | $52.85M | $49.04M | $10.13M | $38.89M | $45.54M | $41.56M | $9.21M | $20.19M | $34.86M | $31.06M | $9.85M | $23.23M | $30.42M | $28.39M | $21.55M | $19.78M | $23.52M | $22.80M | $6.32M | $16.68M | $24.32M | $22.36M |
| Low Forecast | $81.04M | $75.60M | $55.26M | $60.78M | $73.84M | $70.19M | $51.28M | $45.02M | $52.85M | $49.04M | $6.75M | $37.77M | $44.85M | $41.56M | $6.14M | $13.46M | $34.86M | $31.06M | $6.56M | $23.23M | $30.42M | $28.39M | $14.37M | $19.78M | $23.52M | $22.80M | $4.21M | $16.68M | $24.32M | $22.36M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 0.44% | 0.99% | 1.25% | 1.90% | 1.46% | 0.54% | 1.13% | 0.57% | 1.05% | 0.83% | 0.96% | 0.34% | 0.85% | 1.03% | 0.93% | 0.74% | 0.42% | 0.93% | 1.02% |
1 analysts predict ROAD's average Quarter EBITDA for Mar 24 to be $8.44M, with a high of $10.13M and a low of $6.75M. This is -49.57% lower than Construction Partners's previous annual EBITDA (Dec 23) of $16.73M.
Construction Partners Net Income Forecast
| Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 2 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 9 | 9 | 9 | 9 | 5 | 5 | 5 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | $9.84M | $30.91M | $21.68M | $-5.48M | $1.89M | $13.12M | $12.17M | $-9.42M | $5.51M | $7.90M | $9.34M | $-4.93M | $7.87M | $17.55M | $15.75M | $1.54M | $5.46M | $16.55M | $17.20M |
| Avg Forecast | $53.97M | $47.65M | $-526.55K | $19.22M | $47.07M | $41.39M | $-1.47M | $11.27M | $30.80M | $28.49M | $-13.95M | $6.88M | $27.19M | $18.23M | $-12.68M | $3.79M | $11.50M | $5.88M | $-13.56M | $4.39M | $20.10M | $17.29M | $-14.43M | $6.85M | $15.72M | $12.94M | $2.07M | $5.87M | $17.98M | $15.48M |
| High Forecast | $53.97M | $47.65M | $-526.55K | $19.22M | $47.07M | $41.39M | $-1.47M | $11.27M | $30.80M | $28.49M | $-11.16M | $7.41M | $28.23M | $18.23M | $-10.14M | $4.55M | $11.50M | $5.88M | $-10.85M | $4.39M | $20.10M | $17.29M | $-11.55M | $6.85M | $15.72M | $12.94M | $2.49M | $5.87M | $17.98M | $15.48M |
| Low Forecast | $53.97M | $47.65M | $-526.55K | $19.22M | $47.07M | $41.39M | $-1.47M | $11.27M | $30.80M | $28.49M | $-16.74M | $6.35M | $25.10M | $18.23M | $-15.22M | $3.03M | $11.50M | $5.88M | $-16.27M | $4.39M | $20.10M | $17.29M | $-17.32M | $6.85M | $15.72M | $12.94M | $1.66M | $5.87M | $17.98M | $15.48M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.43% | 1.14% | 1.19% | 0.43% | 0.50% | 1.14% | 2.07% | 0.69% | 1.26% | 0.39% | 0.54% | 0.34% | 1.15% | 1.12% | 1.22% | 0.74% | 0.93% | 0.92% | 1.11% |
Construction Partners's average Quarter net income forecast for Mar 24 is $-13.95M, with a range of $-16.74M to $-11.16M. ROAD's average Quarter net income forecast represents a -241.71% decrease compared to the company's last Quarter net income of $9.84M (Dec 23).
Construction Partners SG&A Forecast
| Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 2 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 9 | 9 | 9 | 9 | 5 | 5 | 5 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | $35.98M | $33.00M | $32.23M | $31.99M | $29.73M | $31.03M | $26.58M | $25.00M | $24.95M | $24.12M | $23.20M | $24.48M | $-20.08M | $17.81M | $16.85M | $16.82M | $17.11M | $17.55M | $15.97M |
| Avg Forecast | $71.92M | $67.09M | $49.04M | $53.93M | $65.53M | $62.29M | $45.51M | $39.95M | $46.90M | $43.52M | $37.03M | $34.02M | $40.21M | $36.88M | $33.66M | $17.15M | $30.94M | $27.57M | $36.00M | $20.61M | $26.99M | $25.19M | $71.59M | $17.55M | $20.87M | $20.23M | $22.71M | $14.80M | $21.58M | $19.84M |
| High Forecast | $71.92M | $67.09M | $49.04M | $53.93M | $65.53M | $62.29M | $45.51M | $39.95M | $46.90M | $43.52M | $44.43M | $34.51M | $40.41M | $36.88M | $40.39M | $20.58M | $30.94M | $27.57M | $43.20M | $20.61M | $26.99M | $25.19M | $85.91M | $17.55M | $20.87M | $20.23M | $27.25M | $14.80M | $21.58M | $19.84M |
| Low Forecast | $71.92M | $67.09M | $49.04M | $53.93M | $65.53M | $62.29M | $45.51M | $39.95M | $46.90M | $43.52M | $29.62M | $33.52M | $39.81M | $36.88M | $26.93M | $13.72M | $30.94M | $27.57M | $28.80M | $20.61M | $26.99M | $25.19M | $57.27M | $17.55M | $20.87M | $20.23M | $18.17M | $14.80M | $21.58M | $19.84M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.06% | 0.82% | 0.87% | 0.95% | 1.73% | 1.00% | 0.96% | 0.69% | 1.21% | 0.89% | 0.92% | 0.34% | -1.14% | 0.85% | 0.83% | 0.74% | 1.16% | 0.81% | 0.80% |
Construction Partners's average Quarter SG&A projection for Mar 24 is $37.03M, based on 1 Wall Street analysts, with a range of $29.62M to $44.43M. The forecast indicates a 2.90% rise compared to ROAD last annual SG&A of $35.98M (Dec 23).
Construction Partners EPS Forecast
| Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 2 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 9 | 9 | 9 | 9 | 5 | 5 | 5 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | $0.19 | $0.60 | $0.42 | $-0.11 | $0.04 | $0.25 | $0.23 | $-0.18 | $0.11 | $0.15 | $0.18 | $-0.10 | $0.15 | $0.34 | $0.31 | $0.03 | $0.11 | $0.32 | $0.33 |
| Avg Forecast | $1.02 | $0.91 | $-0.01 | $0.36 | $0.89 | $0.79 | $-0.03 | $0.21 | $0.58 | $0.54 | $-0.04 | $0.13 | $0.52 | $0.35 | $-0.18 | $0.03 | $0.22 | $0.11 | $-0.06 | $0.08 | $0.38 | $0.33 | $0.09 | $0.13 | $0.30 | $0.25 | $0.06 | $0.11 | $0.34 | $0.29 |
| High Forecast | $1.02 | $0.91 | $-0.01 | $0.36 | $0.89 | $0.79 | $-0.03 | $0.21 | $0.58 | $0.54 | $-0.04 | $0.14 | $0.54 | $0.35 | $-0.18 | $0.03 | $0.22 | $0.11 | $-0.06 | $0.08 | $0.38 | $0.33 | $0.09 | $0.13 | $0.30 | $0.25 | $0.06 | $0.11 | $0.34 | $0.29 |
| Low Forecast | $1.02 | $0.91 | $-0.01 | $0.36 | $0.89 | $0.79 | $-0.03 | $0.21 | $0.58 | $0.54 | $-0.04 | $0.12 | $0.48 | $0.35 | $-0.18 | $0.03 | $0.22 | $0.11 | $-0.06 | $0.08 | $0.38 | $0.33 | $0.09 | $0.13 | $0.30 | $0.25 | $0.06 | $0.11 | $0.34 | $0.29 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.45% | 1.16% | 1.21% | 0.61% | 1.43% | 1.15% | 2.06% | 3.27% | 1.32% | 0.39% | 0.55% | -1.15% | 1.15% | 1.14% | 1.26% | 0.51% | 0.99% | 0.94% | 1.12% |
According to 1 Wall Street analysts, Construction Partners's projected average Quarter EPS for Mar 24 is $-0.04, with a low estimate of $-0.04 and a high estimate of $-0.04. This represents a -123.22% decrease compared to ROAD previous annual EPS of $0.19 (Dec 23).
Construction Partners Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| AMRC | Ameresco | $32.33 | $56.43 | 74.54% | Buy |
| ACA | Arcosa | $93.69 | $105.50 | 12.61% | Buy |
| KBR | KBR | $67.29 | $73.20 | 8.78% | Buy |
| BLD | TopBuild | $353.73 | $381.00 | 7.71% | Buy |
| ROAD | Construction Partners | $78.75 | $79.67 | 1.17% | Strong Buy |
| TPC | Tutor Perini | $26.31 | $26.50 | 0.72% | Buy |
| MYRG | MYR Group | $130.09 | $124.67 | -4.17% | Buy |
| GVA | Granite Construction | $86.47 | $70.00 | -19.05% | - |
| PRIM | Primoris Services | $63.59 | $41.50 | -34.74% | Buy |
ROAD Forecast FAQ
Is Construction Partners a good buy?
Yes, according to 2 Wall Street analysts, Construction Partners (ROAD) is considered a 'Strong Buy'. The rating consensus is based on 1 'Strong Buy' and 0 'Buy' recommendations, accounting for 50.00% of ROAD's total ratings.
What is ROAD's price target?
Construction Partners (ROAD) average price target is $79.67 with a range of $72 to $92, implying a 1.17% from its last price of $78.75. The data is based on 2 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Construction Partners stock go up soon?
According to Wall Street analysts' prediction for ROAD stock, the company can go up by 1.17% (from the last price of $78.75 to the average price target of $79.67), up by 16.83% based on the highest stock price target, and down by -8.57% based on the lowest stock price target.
Can Construction Partners stock reach $120?
ROAD's average twelve months analyst stock price target of $79.67 does not support the claim that Construction Partners can reach $120 in the near future.
What is Construction Partners's current price target trend?
2 Wall Street analysts forecast a $83.5 price target for Construction Partners (ROAD) this month, up 6.03% from its last price of $78.75. Compared to the last 3 and 12 months, the average price target decreased by -6.67% and decreased by -14.50%, respectively.
What are Construction Partners's analysts' financial forecasts?
Construction Partners's analysts financial forecasts for the fiscal year (Sep 2025) are as follows: average revenue is $2.47B (high $2.47B, low $2.47B), average EBITDA is $240.34M (high $240.34M, low $240.34M), average net income is $98.25M (high $98.25M, low $98.25M), average SG&A $213.28M (high $213.28M, low $213.28M), and average EPS is $1.87 (high $1.87, low $1.87). ROAD's analysts financial forecasts for the fiscal year (Sep 2026) are as follows: average revenue is $2.8B (high $2.8B, low $2.8B), average EBITDA is $272.67M (high $272.67M, low $272.67M), average net income is $120.32M (high $120.32M, low $120.32M), average SG&A $241.98M (high $241.98M, low $241.98M), and average EPS is $2.29 (high $2.29, low $2.29).
Did the ROAD's actual financial results beat the analysts' financial forecasts?
Based on Construction Partners's last annual report (Sep 2023), the company's revenue was $1.56B, beating the average analysts forecast of $1.49B by 4.69%. Apple's EBITDA was $81.88M, missing the average prediction of $111.38M by -26.49%. The company's net income was $49M, beating the average estimation of $36.52M by 34.17%. Apple's SG&A was $126.95M, missing the average forecast of $127.91M by -0.75%. Lastly, the company's EPS was $0.95, beating the average prediction of $0.709 by 33.98%. In terms of the last quarterly report (Dec 2023), Construction Partners's revenue was $396.5M, beating the average analysts' forecast of $393.62M by 0.73%. The company's EBITDA was $16.74M, missing the average prediction of $38.33M by -56.34%. Construction Partners's net income was $9.84M, beating the average estimation of $6.88M by 43.09%. The company's SG&A was $35.98M, beating the average forecast of $34.02M by 5.77%. Lastly, the company's EPS was $0.19, beating the average prediction of $0.131 by 45.44%