L.B. Foster Co (FSTR) Given $30.00 Consensus Target Price by Analysts

Shares of L.B. Foster Co (NASDAQ:FSTR) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.

Brokers have set a 1 year consensus price target of $30.00 for the company and are forecasting that the company will post $0.13 EPS for the current quarter, according to Zacks. Zacks has also given L.B. Foster an industry rank of 215 out of 256 based on the ratings given to its competitors.

A number of equities analysts recently issued reports on FSTR shares. ValuEngine upgraded L.B. Foster from a “sell” rating to a “hold” rating in a research note on Friday, March 1st. B. Riley started coverage on L.B. Foster in a research note on Wednesday, March 6th. They issued a “buy” rating and a $25.00 target price for the company.

Institutional investors and hedge funds have recently made changes to their positions in the business. BNP Paribas Arbitrage SA grew its position in L.B. Foster by 676.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,113 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 1,841 shares during the period. Ramsey Quantitative Systems grew its position in L.B. Foster by 80.2% during the 4th quarter. Ramsey Quantitative Systems now owns 7,144 shares of the basic materials company’s stock worth $114,000 after purchasing an additional 3,180 shares during the period. Bank of America Corp DE grew its position in L.B. Foster by 10.1% during the 4th quarter. Bank of America Corp DE now owns 15,700 shares of the basic materials company’s stock worth $249,000 after purchasing an additional 1,444 shares during the period. Two Sigma Investments LP grew its position in L.B. Foster by 16.0% during the 4th quarter. Two Sigma Investments LP now owns 16,582 shares of the basic materials company’s stock worth $264,000 after purchasing an additional 2,291 shares during the period. Finally, First Midwest Bank Trust Division acquired a new stake in L.B. Foster during the 1st quarter worth about $268,000. 66.33% of the stock is currently owned by institutional investors.

Shares of FSTR stock opened at $21.48 on Friday. The firm has a market capitalization of $224.61 million, a P/E ratio of 18.36 and a beta of 2.13. The company has a quick ratio of 0.82, a current ratio of 1.83 and a debt-to-equity ratio of 0.61. L.B. Foster has a 1 year low of $13.91 and a 1 year high of $26.48.

L.B. Foster (NASDAQ:FSTR) last issued its earnings results on Monday, March 18th. The basic materials company reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.26). The firm had revenue of $164.53 million during the quarter. L.B. Foster had a positive return on equity of 7.09% and a negative net margin of 5.31%. Analysts forecast that L.B. Foster will post 1.69 EPS for the current fiscal year.

About L.B. Foster

L.B. Foster Company manufactures and distributes products and services for the transportation and energy infrastructure worldwide. Its Rail Products and Services segment offers new rail to passenger and short line freight railroads, industrial companies, and rail contractors; used rails; rail accessories, including track spikes, bolts, angle bars, and other products; power rail, direct fixation fasteners, coverboards, and other accessories; and trackwork products, as well as engineers and fabricates insulated rail joints and related accessories.

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