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Investing.com - DA Davidson raised its price target on Vulcan Materials Company (NYSE:VMC) to $330.00 from $315.00 while maintaining a Buy rating. The new target represents a 13% upside from VMC’s current price of $292.26, with the stock trading near its 52-week high of $311.74, according to InvestingPro data.
The firm cited ongoing positive contributions from public infrastructure markets that partially offset volume-related headwinds in the private sector. DA Davidson noted that recent years of significant bid activity on the public side, including multi-year projects, are likely to continue absorbing materials through 2026.
The new price target represents 18x and 17x the firm’s 2026 and 2027 EBITDA estimates, respectively, compared to the 5-year and 10-year historical average of 17x. Currently, Vulcan trades at an EV/EBITDA of 18.6x based on its last twelve months EBITDA of $2.33 billion.
DA Davidson expects mid-single-digit pricing growth in 2026, though noted this could potentially be lower given the current demand backdrop and moderate inflation. The firm still sees potential for earnings growth next year for Vulcan Materials, with possible supplementation from merger and acquisition activity.
The research firm remains constructive on the stock, viewing it as trading around an "average" multiple achieved historically, with potential upside valuation catalysts should markets such as residential show signs of improvement. InvestingPro data shows VMC has a P/E ratio of 34.46, with analysts setting price targets ranging from $198 to $370. The company has also maintained dividend payments for 55 consecutive years, demonstrating remarkable financial stability. Discover more insights with the comprehensive Pro Research Report, available for Vulcan Materials and 1,400+ top US stocks.
In other recent news, Vulcan Materials Company reported its Q3 2025 earnings, surpassing market expectations. The company achieved an earnings per share (EPS) of $2.84, which was higher than the forecasted $2.72, resulting in a 4.41% surprise. Revenue also exceeded projections, reaching $2.29 billion compared to the anticipated $2.27 billion. Vulcan Materials highlighted a 27% year-over-year increase in adjusted EBITDA, alongside a significant expansion in its EBITDA margin. These results demonstrate a strong financial performance for the quarter. Despite the positive earnings and revenue outcomes, Vulcan Materials experienced a decrease in stock value during pre-market trading. These developments provide investors with insights into the company’s recent financial achievements and market reactions.
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