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

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

Brokerages have set a twelve-month consensus target price of $30.00 for the company and are expecting that the company will post $0.51 EPS for the current quarter, according to Zacks. Zacks has also assigned L.B. Foster an industry rank of 227 out of 256 based on the ratings given to its competitors.

FSTR has been the subject of a number of recent research reports. B. Riley set a $30.00 price target on L.B. Foster and gave the company a “buy” rating in a research note on Tuesday, March 19th. BidaskClub raised L.B. Foster from a “hold” rating to a “buy” rating in a research report on Tuesday, May 14th. ValuEngine raised L.B. Foster from a “hold” rating to a “buy” rating in a research report on Tuesday, May 14th. Finally, Zacks Investment Research raised L.B. Foster from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Tuesday, May 7th.



Several hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in shares of L.B. Foster by 3.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 688,466 shares of the basic materials company’s stock valued at $12,957,000 after buying an additional 26,018 shares in the last quarter. BlackRock Inc. lifted its position in shares of L.B. Foster by 4.0% during the 1st quarter. BlackRock Inc. now owns 664,596 shares of the basic materials company’s stock valued at $12,509,000 after buying an additional 25,632 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of L.B. Foster by 13.1% during the 1st quarter. Renaissance Technologies LLC now owns 576,400 shares of the basic materials company’s stock valued at $10,848,000 after buying an additional 66,545 shares in the last quarter. Vanguard Group Inc lifted its position in shares of L.B. Foster by 13.4% during the 3rd quarter. Vanguard Group Inc now owns 447,044 shares of the basic materials company’s stock valued at $9,187,000 after buying an additional 52,772 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of L.B. Foster by 13.4% during the 3rd quarter. Vanguard Group Inc. now owns 447,044 shares of the basic materials company’s stock valued at $9,187,000 after buying an additional 52,772 shares in the last quarter. 67.64% of the stock is currently owned by hedge funds and other institutional investors.

Shares of L.B. Foster stock traded up $0.21 during trading hours on Friday, reaching $24.59. 24,993 shares of the stock traded hands, compared to its average volume of 43,699. The company has a market cap of $260.19 million, a P/E ratio of 21.02 and a beta of 2.13. L.B. Foster has a one year low of $13.91 and a one year high of $26.48. The company has a quick ratio of 0.85, a current ratio of 1.88 and a debt-to-equity ratio of 0.78.

L.B. Foster (NASDAQ:FSTR) last released its quarterly earnings results on Thursday, May 9th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.22. The business had revenue of $150.47 million during the quarter, compared to the consensus estimate of $132.25 million. L.B. Foster had a positive return on equity of 11.45% and a negative net margin of 4.21%. Research analysts anticipate 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.

See Also: Return On Assets

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