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Construction Partners (ROAD) Catches Eye: Stock Jumps 6.2%
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Construction Partners, Inc. (ROAD - Free Report) was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 35.2% in the past one-month time frame.
The upmove came after the company announced the successful completion of the acquisition of Raleigh, NC-based Gelder & Associates, Inc.
The company has seen one positive estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Construction Partners. So, make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Construction Partners currently has a Zacks Rank #2 (Buy) while its Earnings ESP is positive.
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Construction Partners (ROAD) Catches Eye: Stock Jumps 6.2%
Construction Partners, Inc. (ROAD - Free Report) was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 35.2% in the past one-month time frame.
The upmove came after the company announced the successful completion of the acquisition of Raleigh, NC-based Gelder & Associates, Inc.
The company has seen one positive estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Construction Partners. So, make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Construction Partners currently has a Zacks Rank #2 (Buy) while its Earnings ESP is positive.
Construction Partners, Inc. Price
Construction Partners, Inc. price | Construction Partners, Inc. Quote
Another stock worth considering in the Building Products - Miscellaneous industry is Patrick Industries, Inc. (PATK - Free Report) which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.
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