L.B. Foster (NASDAQ:FSTR) Stock Rating Upgraded by StockNews.com

L.B. Foster (NASDAQ:FSTRGet Free Report) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Tuesday.

Separately, B. Riley boosted their target price on shares of L.B. Foster from $23.00 to $27.00 and gave the company a “neutral” rating in a research note on Friday, May 10th.

View Our Latest Stock Analysis on L.B. Foster

L.B. Foster Stock Performance

FSTR stock opened at $28.74 on Tuesday. The stock has a market capitalization of $314.99 million, a PE ratio of 39.37 and a beta of 0.80. L.B. Foster has a 12-month low of $12.14 and a 12-month high of $30.77. The company has a current ratio of 2.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.54. The stock’s 50 day simple moving average is $26.14 and its 200 day simple moving average is $23.36.

L.B. Foster (NASDAQ:FSTRGet Free Report) last released its quarterly earnings data on Tuesday, March 5th. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.01). The business had revenue of $134.88 million during the quarter, compared to the consensus estimate of $127.65 million. L.B. Foster had a net margin of 1.46% and a return on equity of 3.19%. During the same period last year, the company posted $0.03 earnings per share.

Institutional Investors Weigh In On L.B. Foster

A hedge fund recently bought a new stake in L.B. Foster stock. EAM Investors LLC acquired a new position in L.B. Foster (NASDAQ:FSTRFree Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 94,529 shares of the basic materials company’s stock, valued at approximately $1,788,000. EAM Investors LLC owned approximately 0.85% of L.B. Foster at the end of the most recent reporting period. 80.63% of the stock is owned by institutional investors.

About L.B. Foster

(Get Free Report)

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.

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