L.B. Foster (NASDAQ:FSTR) Price Target Raised to $25.00 at B. Riley

L.B. Foster (NASDAQ:FSTR) had its target price boosted by research analysts at B. Riley from $21.00 to $25.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the basic materials company’s stock. B. Riley’s target price would suggest a potential upside of 4.78% from the company’s current price.

Other equities analysts have also recently issued research reports about the stock. StockNews.com upgraded shares of L.B. Foster from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 8th. Singular Research upgraded shares of L.B. Foster to a “strong-buy” rating in a research report on Monday, August 12th.

L.B. Foster Stock Performance

Shares of NASDAQ:FSTR traded up $0.50 during midday trading on Wednesday, reaching $23.86. 13,842 shares of the company’s stock traded hands, compared to its average volume of 56,650. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.30 and a current ratio of 2.27. L.B. Foster has a one year low of $14.23 and a one year high of $30.77. The company has a market cap of $258.40 million, a price-to-earnings ratio of 6.13 and a beta of 0.83. The stock has a 50 day moving average of $19.90 and a 200 day moving average of $22.02.

Institutional Investors Weigh In On L.B. Foster

An institutional investor recently raised its position in L.B. Foster stock. Lazard Asset Management LLC boosted its holdings in shares of L.B. Foster (NASDAQ:FSTR) by 760.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,789 shares of the basic materials company’s stock after buying an additional 1,581 shares during the quarter. Lazard Asset Management LLC’s holdings in L.B. Foster were worth $48,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 80.63% of the company’s stock.

About L.B. Foster

L.B. Foster Company provides engineered and manufactured products and services for the building and infrastructure projects in the United States, Canada, the United Kingdom, and internationally. It operates through two segments: Rail, Technologies, and Services; and Infrastructure Solutions. The Rail, Technologies, and Services segment offers new rail to passenger and short line freight railroads, industrial companies, and rail contractors, as well as used rails; rail accessories, such as rack spikes, bolts, angle bars, tie plates, and other products; insulated rail joints and related accessories; fixation fasteners, coverboards, and special accessories; and trackwork products.