Zacks: Analysts Set $30.00 Price Target for L.B. Foster Co (NASDAQ:FSTR)

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

Brokerages have set a 1-year consensus price target of $30.00 for the company and are forecasting that the company will post $0.51 EPS for the current quarter, according to Zacks. Zacks has also given L.B. Foster an industry rank of 220 out of 256 based on the ratings given to its competitors.

Several analysts recently commented on FSTR shares. ValuEngine cut WideOpenWest from a “hold” rating to a “sell” rating in a research report on Friday, June 28th. B. Riley restated a “neutral” rating on shares of Finisar in a research report on Friday, June 14th. Zacks Investment Research cut General Finance from a “buy” rating to a “hold” rating in a research report on Monday. Finally, BidaskClub raised Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a research note on Thursday, July 4th.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Marshall Wace LLP raised its stake in L.B. Foster by 116.3% during the 1st quarter. Marshall Wace LLP now owns 28,489 shares of the basic materials company’s stock worth $536,000 after acquiring an additional 15,319 shares during the period. Kennedy Capital Management Inc. boosted its stake in shares of L.B. Foster by 4.1% in the 1st quarter. Kennedy Capital Management Inc. now owns 264,046 shares of the basic materials company’s stock valued at $4,969,000 after buying an additional 10,483 shares during the period. Bragg Financial Advisors Inc boosted its stake in shares of L.B. Foster by 10.4% in the 1st quarter. Bragg Financial Advisors Inc now owns 97,710 shares of the basic materials company’s stock valued at $1,839,000 after buying an additional 9,203 shares during the period. Rutabaga Capital Management LLC MA acquired a new stake in shares of L.B. Foster during the 1st quarter worth about $1,391,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of L.B. Foster by 8.5% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 55,075 shares of the basic materials company’s stock worth $1,037,000 after acquiring an additional 4,300 shares in the last quarter. 68.35% of the stock is owned by hedge funds and other institutional investors.

L.B. Foster stock traded down $0.33 during trading on Thursday, hitting $26.27. The company’s stock had a trading volume of 593 shares, compared to its average volume of 50,215. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.88 and a quick ratio of 0.85. The stock has a fifty day moving average price of $24.96. The stock has a market capitalization of $278.04 million, a PE ratio of 22.63 and a beta of 1.83. L.B. Foster has a 1-year low of $13.91 and a 1-year high of $27.74.

L.B. Foster (NASDAQ:FSTR) last posted its earnings results on Thursday, May 9th. The basic materials company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.13 by $0.22. L.B. Foster had a positive return on equity of 11.45% and a negative net margin of 4.21%. The firm had revenue of $150.47 million for the quarter, compared to analysts’ expectations of $132.25 million. Equities research analysts forecast that L.B. Foster will post 1.94 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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