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 -12.75% downside from ROAD’s last price of $91.31) and a rating consensus of 'Strong Buy', based on 3 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 3 Wall Street analysts in the past 3 months, with a price target range of $92.00 to $72.00. This represents a potential -12.75% downside from ROAD's last price of $91.31.
ROAD Analyst Ratings
According to 3 Wall Street analysts, Construction Partners's rating consensus is 'Strong Buy'. The analyst rating breakdown for ROAD stock is 1 'Strong Buy' (33.33%), 1 'Buy' (33.33%), 1 'Hold' (33.33%), 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% | 0.76% |
| Oct 21, 2024 | Brent Thielman | D.A. Davidson | $75.00 | $84.70 | -11.45% | -17.86% |
| Aug 13, 2024 | Brent Thielman | D.A. Davidson | $55.00 | $61.02 | -9.86% | -39.77% |
| Aug 12, 2024 | Patrick Tyler Brown | Raymond James | $72.00 | $60.20 | 19.60% | -21.15% |
| May 13, 2024 | Brent Thielman | D.A. Davidson | $50.00 | $55.35 | -9.67% | -45.24% |
| May 13, 2024 | Andrew Wittmann | Robert W. Baird | $60.00 | $55.29 | 8.52% | -34.29% |
| Aug 19, 2022 | Patrick Tyler Brown | Raymond James | $35.00 | $30.24 | 15.74% | -61.67% |
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 0.76% increase from ROAD last price ($91.31).
Construction Partners Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 2 | 2 | 6 |
| Avg Price Target | $83.50 | $83.50 | $67.33 |
| Last Closing Price | $91.31 | $91.31 | $91.31 |
| Upside/Downside | -8.55% | -8.55% | -26.26% |
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 -8.55% decrease as opposed to Construction Partners's last price of $91.31. This month's average price target is down 0.00% compared to last quarter, and up 24.02% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Nov 06, 2024 | Bank of America Securities | Buy | Buy | Hold |
| 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 Bank of America Securities on Nov 06, 2024. The company gave ROAD a "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 | $762.90M | $717.54M | $527.15M | $481.25M | $538.04M | $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 | $762.90M | $717.54M | $527.15M | $481.25M | $538.04M | $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 | $762.90M | $717.54M | $527.15M | $481.25M | $538.04M | $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 | $83.10M | $77.52M | $56.66M | $62.32M | $76.18M | $71.65M | $52.64M | $48.06M | $53.73M | $50.28M | $8.44M | $39.31M | $46.47M | $42.62M | $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 | $83.10M | $77.52M | $56.66M | $62.32M | $76.18M | $71.65M | $52.64M | $48.06M | $53.73M | $50.28M | $10.13M | $39.88M | $46.69M | $42.62M | $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 | $83.10M | $77.52M | $56.66M | $62.32M | $76.18M | $71.65M | $52.64M | $48.06M | $53.73M | $50.28M | $6.75M | $38.73M | $45.99M | $42.62M | $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 % | - | - | - | - | - | - | - | - | - | - | - | 0.43% | 0.96% | 1.22% | 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 | $47.49M | $41.51M | $-1.14M | $11.23M | $29.93M | $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 | $47.49M | $41.51M | $-1.14M | $11.23M | $30.45M | $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 | $47.49M | $41.51M | $-1.14M | $11.23M | $29.93M | $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 | $65.93M | $62.01M | $45.56M | $41.59M | $46.50M | $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 | $65.93M | $62.01M | $45.56M | $41.59M | $46.50M | $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 | $65.93M | $62.01M | $45.56M | $41.59M | $46.50M | $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 | $0.90 | $0.79 | $-0.02 | $0.21 | $0.57 | $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 | $0.90 | $0.79 | $-0.02 | $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 | $0.90 | $0.79 | $-0.02 | $0.21 | $0.57 | $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 | $26.75 | $56.43 | 110.95% | Buy |
| KBR | KBR | $58.08 | $73.20 | 26.03% | Buy |
| BLD | TopBuild | $351.10 | $396.50 | 12.93% | Buy |
| FIX | Comfort Systems USA | $476.25 | $525.00 | 10.24% | Buy |
| ACA | Arcosa | $105.83 | $105.50 | -0.31% | Buy |
| MYRG | MYR Group | $145.46 | $138.33 | -4.90% | Buy |
| TPC | Tutor Perini | $28.82 | $26.50 | -8.05% | Buy |
| ROAD | Construction Partners | $91.31 | $79.67 | -12.75% | Strong Buy |
| GVA | Granite Construction | $97.25 | $70.00 | -28.02% | - |
| PRIM | Primoris Services | $80.42 | $41.50 | -48.40% | Buy |