Analyst Price Target Update on Vulcan Materials Company (NYSE:VMC)

Vulcan Materials Company (NYSE:VMC) shares are expected to touch $125.25 in the short term. This short term price target has been shared by 8 analysts. However, the standard deviation of short term price estimate has been valued at 10.73. The target price could hit $140 on the higher end and $110 on the lower end.

Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Goldman Sachs, maintains their rating on the shares of Vulcan Materials Company (NYSE:VMC). Goldman Sachs has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $146 per share from a prior target of $128. The rating by the firm was issued on June 8, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (President – Mountain West Div) of Vulcan Materials Co, Pasley David B. had sold 200 shares worth of $20,654 in a transaction dated March 11, 2016. In this transaction, 200 shares were sold at $103.27 per share.

Vulcan Materials Company (NYSE:VMC) stock ended Monday session in the red zone in a volatile trading. The stock closed down 1.21 points or 1.05% at $114.28 with 826,649 shares getting traded. Post opening the session at $115.05, the shares hit an intraday low of $114.24 and an intraday high of $116.128 and the price was in this range throughout the day. The company has a market cap of $15,221 million and the number of outstanding shares have been calculated to be 133,188,158 shares. The 52-week high of Vulcan Materials Company (NYSE:VMC) is $120.4 and the 52-week low is $78.83.

Vulcan Materials Company is a producer of construction aggregates (primarily crushed stone, sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company operates 335 aggregates facilities. The Company has four segments organized around its principal product lines: Aggregates, Concrete, Asphalt Mix and Calcium. The Aggregates segment produces and sells aggregates (crushed stone, sand and gravel, sand, and other aggregates) and related products and services (transportation and other). The Company produces and sells ready-mixed concrete in Georgia, Maryland, New Mexico, Texas, Virginia, Washington D.C. and the Bahamas. The Company produces and sells asphalt mix in Arizona, California, New Mexico and Texas. The Companys Calcium segment operates a quarry at Brooksville, Florida, which provides feedstock for the ground calcium operation.

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