L.B. Foster Co (FSTR) Given Average Rating of “Strong Buy” by Analysts

Shares of L.B. Foster Co (NASDAQ:FSTR) have received a consensus 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 recommendation.

Brokerages have set a 1 year consensus price target of $30.00 for the company and are anticipating that the company will post $0.51 earnings per share for the current quarter, according to Zacks. Zacks has also assigned L.B. Foster an industry rank of 226 out of 256 based on the ratings given to its competitors.

Several analysts have issued reports on the company. Zacks Investment Research raised L.B. Foster from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Tuesday, May 7th. 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 “sell” rating to a “hold” rating in a research report on Monday, April 1st. Finally, B. Riley set a $30.00 target price on L.B. Foster and gave the company a “buy” rating in a research report on Tuesday, March 19th.

Shares of NASDAQ FSTR opened at $24.15 on Monday. The company has a current ratio of 1.88, a quick ratio of 0.85 and a debt-to-equity ratio of 0.78. The firm has a market cap of $258.18 million, a price-to-earnings ratio of 20.64 and a beta of 1.82. L.B. Foster has a 12-month low of $13.91 and a 12-month high of $26.48.

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

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc boosted its position in shares of L.B. Foster by 13.4% in the 3rd quarter. Vanguard Group Inc now owns 447,044 shares of the basic materials company’s stock worth $9,187,000 after purchasing an additional 52,772 shares in the last quarter. Northern Trust Corp raised its stake in L.B. Foster by 0.8% in the 4th quarter. Northern Trust Corp now owns 122,962 shares of the basic materials company’s stock worth $1,955,000 after acquiring an additional 1,025 shares during the last quarter. Segall Bryant & Hamill LLC raised its stake in L.B. Foster by 31.0% in the 4th quarter. Segall Bryant & Hamill LLC now owns 30,208 shares of the basic materials company’s stock worth $480,000 after acquiring an additional 7,156 shares during the last quarter. Morgan Stanley raised its stake in L.B. Foster by 5.8% in the 3rd quarter. Morgan Stanley now owns 77,909 shares of the basic materials company’s stock worth $1,601,000 after acquiring an additional 4,246 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in L.B. Foster by 13.4% in the 3rd quarter. Vanguard Group Inc. now owns 447,044 shares of the basic materials company’s stock worth $9,187,000 after acquiring an additional 52,772 shares during the last quarter. 68.35% of the stock is owned by hedge funds and other institutional investors.

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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