Based on the current market data and recent developments, here's a concise analysis of VMC stock:
Technical Analysis
The stock is currently trading at $269.34, showing a -1.31% decline in today's regular market session. Technical indicators suggest a neutral stance with RSI at 52.73, indicating neither overbought nor oversold conditions. The stock is trading near its 20-day moving average of $270.90, suggesting a period of consolidation.
Fundamental Outlook
VMC is expected to report Q4 earnings on February 18, with analysts projecting EPS of $1.76, representing a 20.6% increase year-over-year. For fiscal 2024, analysts forecast EPS of $7.16, with further growth to $8.81 in fiscal 2025, indicating strong earnings momentum.
Recent Developments
A significant political development involves ongoing trade negotiations that could affect VMC's dispute with Mexico over its Yucatan peninsula quarry operations. This situation requires monitoring as it could impact the company's material supply chain for southeastern U.S. infrastructure projects.
Analyst Sentiment
Recent analyst actions show a cautiously optimistic stance:
- Raymond James maintains Buy rating with $295 target
- Citigroup maintains Strong Buy with $301 target
- Stephens & Co. reiterates Buy with $325 target
- JP Morgan maintains Hold with $290 target
Recommendation
HOLD. While VMC shows strong fundamentals and positive analyst sentiment, current trade policy uncertainties and technical consolidation suggest waiting for clearer directional signals before initiating new positions.