BofA analyst Michael Feniger has adjusted the price target for Vulcan Materials (VMC, Financial), lowering it to $275 from a previous target of $288 while maintaining a Buy rating. This move comes as the firm anticipates challenges in the upcoming earnings season for the Machinery, Engineering & Construction, and Waste sectors. The analyst suggests that companies in these sectors may either need to revise their guidance downward due to market uncertainties or risk a disconnect with the current economic conditions.
BofA has indicated a strategic shift, favoring sectors like aggregates, rentals, and waste services over traditional equipment manufacturing. This approach comes amid expectations of a "lose-lose" scenario where companies might either cut forecasts or appear disconnected from market realities. As a result, BofA is readjusting price targets across the sector to align with this perspective.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 24 analysts, the average target price for Vulcan Materials Co (VMC, Financial) is $292.50 with a high estimate of $325.00 and a low estimate of $184.78. The average target implies an upside of 24.21% from the current price of $235.50. More detailed estimate data can be found on the Vulcan Materials Co (VMC) Forecast page.
Based on the consensus recommendation from 26 brokerage firms, Vulcan Materials Co's (VMC, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Vulcan Materials Co (VMC, Financial) in one year is $248.61, suggesting a upside of 5.57% from the current price of $235.5. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Vulcan Materials Co (VMC) Summary page.
