LMI Aerospace Stock Rating Lowered by Zacks (LMIA)
LMI Aerospace (NASDAQ:LMIA) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a note issued to investors on Tuesday, AnalystRatings.Net reports. They currently have a $11.60 target price on the stock. Zacks‘ target price would suggest a potential downside of 4.68% from the stock’s previous close.
LMI Aerospace (NASDAQ:LMIA) traded up 3.12% on Tuesday, hitting $12.55. 86,802 shares of the company’s stock traded hands. LMI Aerospace has a one year low of $11.91 and a one year high of $23.20. The stock has a 50-day moving average of $14.95 and a 200-day moving average of $18.98. The company has a market cap of $158.4 million and a price-to-earnings ratio of 11.49.
LMI Aerospace (NASDAQ:LMIA) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by $0.20. The company had revenue of $105.47 million for the quarter, compared to the consensus estimate of $112.77 million. During the same quarter in the previous year, the company posted $0.43 earnings per share. The company’s revenue for the quarter was up 52.2% on a year-over-year basis. Analysts expect that LMI Aerospace will post $0.97 EPS for the current fiscal year.
Separately, analysts at Oppenheimer downgraded shares of LMI Aerospace (NASDAQ:LMIA) from an “outperform” rating to a “market perform” rating in a research note to investors on Friday, August 9th. They now have a $25.00 price target on the stock.
One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $21.40.
LMI Aerospace, Inc (NASDAQ:LMIA) is a provider of design engineering services, structural assemblies, kits and components to the aerospace, defense and technology markets.
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