Raymond James cuts target for Construction Partners stock to USD 145.00

Published on 10/20/2026 at 22:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue reached USD 999.42 million, up 28.20 percent year over year. Construction Partners stock costs EUR 75.00 on October 20, 2026 at 9:59 p.m. CEST.

Revenue growth and target reset

Raymond James cut its Construction Partners target from USD 150.00 to USD 145.00, as reported on October 18, 2026.
Fiscal third-quarter revenue reached USD 999.42 million, up 28.20 percent year over year.
Construction Partners stock costs EUR 75.00 at Lang & Schwarz on October 20, 2026 at 9:59 p.m. CEST.

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Construction Partners (ISIN US21044C1071) faces a lower Raymond James target of USD 145.00, down from USD 150.00, in a report covered by MarketBeat on October 18, 2026. The target revision leaves the broader analyst view at a Moderate Buy consensus from eight analysts. Construction Partners was trading at EUR 75.00 at Lang & Schwarz on October 20, 2026 at 9:59 p.m. CEST.

Target cut meets strong revenue growth

The latest operating comparison is more constructive than the target reset. For the fiscal third quarter ended June 30, 2026, Construction Partners reported revenue of USD 999.42 million, an increase of 28.20 percent from the prior-year quarter, according to Insider Monkey. Operating income rose to USD 109.40 million from USD 82.90 million over the same period.

Florida expansion adds operating capacity

Construction Partners also completed the acquisition of S.E. Cline Construction in Florida on October 19, 2026. The company added site development and underground utility capabilities, along with a permitted hot-mix asphalt plant site in Bunnell, according to a release carried by Yahoo Finance. The transaction expands Construction Partners' presence along Florida's Interstate 95 corridor.

Valuation remains tied to execution

Construction Partners had a price-to-earnings ratio of 33.25 and a market capitalization of USD 4.8 billion as of October 20, 2026. Its 52-week range was USD 79.33 to USD 151.00, placing the current Nasdaq quote near the lower end of that span. The combination of 28.20 percent revenue growth and a lower analyst target puts execution and integration at the center of the valuation discussion.

Stock position after the reset

The company operates an asphalt-centered civil infrastructure business across the Sunbelt, serving public and private road, bridge, airport and commercial projects. Its latest Florida acquisition adds another operating platform while the market weighs the USD 145.00 Raymond James target against fiscal third-quarter revenue of USD 999.42 million.

Trading perspective

Construction Partners was trading at EUR 75.00 at Lang & Schwarz on October 20, 2026 at 9:59 p.m. CEST. A Xetra comparison is not included because the company is listed on Nasdaq rather than Xetra. The further course of trading is shown by the continuously updated real-time quote of Construction Partners stock.