L.B. Foster Co (NASDAQ:FSTR) Given $30.00 Consensus Target Price by Brokerages

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

Brokerages have set a one year consensus price target of $30.00 for the company and are expecting that the company will post $0.35 EPS for the current quarter, according to Zacks. Zacks has also assigned L.B. Foster an industry rank of 222 out of 255 based on the ratings given to related companies.

A number of equities research analysts have recently weighed in on FSTR shares. ValuEngine upgraded shares of L.B. Foster from a “strong sell” rating to a “sell” rating in a report on Thursday, October 31st. Zacks Investment Research lowered shares of L.B. Foster from a “hold” rating to a “sell” rating in a report on Thursday, October 31st.

Shares of FSTR traded up $0.01 during midday trading on Tuesday, reaching $20.23. The stock had a trading volume of 23,300 shares, compared to its average volume of 39,930. L.B. Foster has a 1-year low of $13.91 and a 1-year high of $27.80. The company’s fifty day simple moving average is $19.10 and its two-hundred day simple moving average is $22.03. The company has a market cap of $213.93 million, a price-to-earnings ratio of 17.29 and a beta of 1.76. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.95 and a quick ratio of 0.88.

L.B. Foster (NASDAQ:FSTR) last announced its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $0.29 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.18). L.B. Foster had a negative net margin of 3.71% and a positive return on equity of 14.16%. The firm had revenue of $154.28 million during the quarter, compared to analyst estimates of $169.23 million. On average, sell-side analysts forecast that L.B. Foster will post 1.89 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Meeder Asset Management Inc. grew its position in shares of L.B. Foster by 353.2% in the 3rd quarter. Meeder Asset Management Inc. now owns 2,053 shares of the basic materials company’s stock valued at $45,000 after buying an additional 1,600 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in shares of L.B. Foster by 103.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 6,279 shares of the basic materials company’s stock valued at $172,000 after buying an additional 3,199 shares during the last quarter. Systematic Financial Management LP grew its position in shares of L.B. Foster by 8.0% in the 3rd quarter. Systematic Financial Management LP now owns 8,340 shares of the basic materials company’s stock valued at $181,000 after buying an additional 615 shares during the last quarter. Royal Bank of Canada grew its position in shares of L.B. Foster by 78.0% in the 2nd quarter. Royal Bank of Canada now owns 7,853 shares of the basic materials company’s stock valued at $215,000 after buying an additional 3,440 shares during the last quarter. Finally, Bailard Inc. purchased a new position in shares of L.B. Foster in the 2nd quarter valued at $216,000. 73.37% of the stock is currently owned by hedge funds and other institutional investors.

L.B. Foster Company Profile

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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