Vulcan Materials Analysis: The Wisdom of Crowds Vulcan Materials Analysis: The Wisdom of Crowds

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In a recent trading session, Vulcan Materials Co (Symbol: VMC) has surpassed the average analyst 12-month target price of $244.19, trading at $255.15/share. When a stock achieves the target set by an analyst, a logical reaction would be to either downgrade the valuation or adjust the target price upward. This reaction may depend on the fundamental business developments responsible for driving the stock price higher. If the company’s prospects are improving, it might be time for an upward revision of the target price.

Within the Zacks coverage universe, there are 16 different analyst targets contributing to the average for Vulcan Materials Co. However, the average is just a statistical figure. Some analysts have lower targets than the average, including one targeting a price of $185.00, while others have targets as high as $279.00. The standard deviation is $23.132.

The essence of looking at the average VMC price target is to tap into the β€œwisdom of crowds” by aggregating the contributions of multiple analysts, rather than relying solely on the opinion of a single expert. With VMC surpassing the average target price of $244.19/share, investors have received a positive signal to reevaluate the company. They must determine whether $244.19 is just a milestone on the way to an even higher target or if the valuation is so stretched that it’s time to consider taking some profits off the table.

Recent VMC Analyst Ratings Breakdown
Β» Current 1 Month Ago 2 Month Ago 3 Month Ago
Strong buy ratings: 12 12 12 11
Buy ratings: 1 1 2 2
Hold ratings: 3 3 1 2
Sell ratings: 0 0 0 0
Strong sell ratings: 0 0 0 0
Average rating: 1.44 1.44 1.27 1.4

The average rating in the table ranges from 1 to 5, with 1 signifying Strong Buy and 5 indicating Strong Sell. The data used in this article was provided by Zacks Investment Research via Quandl.com. Get the latest Zacks research report on VMC for FREE.

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Also see:

Β• Top Stocks Held By Carl Icahn
Β• AUSF Videos
Β• MGP market cap history

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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