DA Davidson Maintains Sterling Construction Company to Buy with Price Target $9.00

Brokerage firm DA Davidson Maintains its rating on Sterling Construction Company(NASDAQ:STRL). In a research note issued to the investors, the brokerage major Raises the price-target to $9.00 per share. The shares have been rated Buy. The rating by DA Davidson was issued on Sep 12, 2016.

Sterling Construction Company (STRL) shares turned negative on Tuesdays trading session with the shares closing down -0.21 points or -2.96% at a volume of 1,49,375. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $7.2. The peak price level was also seen at $7.2 while the days lowest was $6.89. Finally the shares closed at $6.89. The 52-week high of the shares is $7.43 while the 52-week low is $3.69. According to the latest information available, the market cap of the company is $172 M.

Sterling Construction Company(STRL) last announced its earnings results on Aug 1, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $189.58M. Analysts had an estimated revenue of $180.83M. Earnings per share were $0.09. Analysts had estimated an EPS of $0.10.

Several Insider Transactions has been reported to the SEC. On May 5, 2016, Paul J Varello (CEO) purchased 125,000 shares at $4.00 per share price.

Sterling Construction Company Inc. is a heavy civil construction company engaged in the building and reconstruction of transportation and water infrastructure projects in Texas Utah Nevada Arizona California Hawaii and other states. The Company’s transportation infrastructure projects include highways roads bridges and light rail and its water infrastructure projects include water wastewater and storm drainage systems. The Company provides its services primarily by using traditional general contracting arrangements including fixed-unit price contracts lump sum contracts and cost-plus contracts. Through its subsidiaries the Company performs construction contracts produces aggregates from a leased quarry and produces asphalt.

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