Brokerages Set Suncrete (NASDAQ:RMIX) PT at $21.75

Suncrete (NASDAQ:RMIX) has been assigned an average recommendation of “Buy” from the six analysts that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $21.75.

Several equities analysts have recently issued reports on RMIX shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Suncrete in a research note on Friday, July 24th. B. Riley Financial began coverage on shares of Suncrete in a research note on Wednesday, June 24th. They issued a “buy” rating and a $26.00 price target for the company. William Blair began coverage on shares of Suncrete in a report on Monday, May 4th. They set an “outperform” rating for the company. Robert W. Baird began coverage on shares of Suncrete in a research report on Wednesday, May 27th. They issued an “outperform” rating and a $21.00 price objective on the stock. Finally, Wall Street Zen raised shares of Suncrete to a “sell” rating in a research report on Saturday, June 13th.

Suncrete Price Performance

NASDAQ:RMIX opened at $18.98 on Friday. The stock has a fifty day simple moving average of $19.85. Suncrete has a 52 week low of $9.20 and a 52 week high of $25.50.

Suncrete (NASDAQ:RMIX) last announced its quarterly earnings data on Friday, May 15th. The company reported ($0.60) earnings per share (EPS) for the quarter. The firm had revenue of ($14.49) million during the quarter. On average, sell-side analysts anticipate that Suncrete will post 0.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Suncrete

An institutional investor recently bought a new stake in Suncrete stock. Bank of New York Mellon Corp purchased a new position in shares of Suncrete (NASDAQ:RMIX) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,214,384 shares of the company’s stock, valued at approximately $27,360,000. Bank of New York Mellon Corp owned about 1.70% of Suncrete at the end of the most recent reporting period. Institutional investors and hedge funds own 71.07% of the company’s stock.

Suncrete Company Profile

Haymaker Acquisition Corp. 4 is a blank check company. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or other business combination with one or more businesses or entities. Haymaker Acquisition Corp. 4 is based in New York.