|Bid||27.65 x 800|
|Ask||30.74 x 800|
|Day's Range||29.31 - 30.68|
|52 Week Range||11.96 - 36.58|
|Beta (5Y Monthly)||1.07|
|PE Ratio (TTM)||37.37|
|Earnings Date||Feb 05, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||29.25|
In this article we are going to estimate the intrinsic value of Construction Partners, Inc. ( NASDAQ:ROAD ) by taking...
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Looking into the current session, Construction Partners Inc. (NASDAQ:ROAD) is trading at $28.44, after a 2.50% drop. Over the past month, the stock fell by 20.51%, but over the past year, it actually went up by 69.01%. With questionable short-term performance like this, and great long-term performance, long-term shareholders might want to start looking into the company's price-to-earnings ratio. Assuming that all other factors are held constant, this could present itself as an opportunity for shareholders trying to capitalize on the higher share price. The stock is currently below from its 52 week high by 22.24%. The P/E ratio measures the current share price to the company's earnings per share. It is used by long-term investors to analyze the company's current performance against its past earnings, historical data and aggregate market data for the industry or the indices, such as S&P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also shows that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. View more earnings on ROAD Depending on the particular phase of a business cycle, some industries will perform better than others. Compared to the aggregate P/E ratio of the 44.23 in the Construction & Engineering industry, Construction Partners Inc. has a lower P/E ratio of 37.4. Shareholders might be inclined to think that the stock might perform worse than its industry peers. It's also possible that the stock is undervalued. There are many limitations to P/E ratio. It is sometimes difficult to determine the nature of the earnings makeup of a company. Shareholders might not get what they're looking for, from trailing earnings. See more from BenzingaClick here for options trades from BenzingaRecap: Construction Partners Q1 EarningsEarnings Scheduled For February 5, 2021© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.