Suncrete (NASDAQ:RMIX) Receives $22.25 Consensus PT from Analysts

Suncrete (NASDAQ:RMIX) has earned a consensus rating of “Buy” from the six research firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $22.25.

RMIX has been the subject of a number of research analyst reports. Wall Street Zen upgraded Suncrete to a “sell” rating in a research report on Saturday, June 13th. Roth Capital assumed coverage on Suncrete in a research report on Thursday, May 14th. They issued a “buy” rating and a $21.00 target price on the stock. B. Riley Financial reiterated a “buy” rating and issued a $25.00 target price (down from $26.00) on shares of Suncrete in a research report on Wednesday, August 19th. Weiss Ratings raised Suncrete from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 14th. Finally, Jefferies Financial Group restated a “buy” rating and set a $22.00 price target on shares of Suncrete in a report on Tuesday, August 18th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of RMIX. Alyeska Investment Group L.P. bought a new stake in Suncrete in the second quarter worth $78,044,000. Bank of New York Mellon Corp bought a new position in Suncrete during the second quarter valued at $27,360,000. Harraden Circle Investments LLC bought a new position in Suncrete during the second quarter valued at $17,647,000. Finally, Susquehanna International Group LLP purchased a new position in shares of Suncrete in the 2nd quarter worth $285,000. 71.07% of the stock is currently owned by institutional investors.

Suncrete Stock Performance

RMIX stock opened at $16.16 on Thursday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.40 and a quick ratio of 1.15. The stock has a fifty day moving average of $18.84. Suncrete has a one year low of $9.20 and a one year high of $25.50. The stock has a market capitalization of $1.19 billion, a P/E ratio of -115.43 and a beta of 0.71.

Suncrete (NASDAQ:RMIX) last posted its earnings results on Friday, August 14th. The company reported ($0.72) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.70). The company had revenue of $97.23 million for the quarter, compared to the consensus estimate of $104.93 million. Suncrete’s revenue was up 146.2% compared to the same quarter last year. On average, research analysts predict that Suncrete will post -0.01 EPS for the current fiscal year.

About Suncrete

Haymaker Acquisition Corp. 4 is a blank check company. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or other business combination with one or more businesses or entities. Haymaker Acquisition Corp. 4 is based in New York.