Foster Wheeler PT Raised to $30.00 (FWLT)
Analysts at Lazard Capital Markets increased their price target on shares of Foster Wheeler (NASDAQ:FWLT) from $28.00 to $30.00 in a research report issued to clients and investors on Monday, AnalystRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. Lazard Capital Markets’ price objective would indicate a potential upside of 13.90% from the company’s current price.
Foster Wheeler (NASDAQ:FWLT) traded down 0.68% on Monday, hitting $26.34. The stock had a trading volume of 1,252,698 shares. Foster Wheeler has a 52 week low of $19.29 and a 52 week high of $27.13. The stock’s 50-day moving average is $24.65 and its 200-day moving average is $22.76. The company has a market cap of $2.585 billion and a P/E ratio of 18.65.
Foster Wheeler (NASDAQ:FWLT) last announced its earnings results on Thursday, August 8th. The company reported $0.54 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.34 by $0.20. The company had revenue of $863.41 million for the quarter, compared to the consensus estimate of $891.04 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was down 7.8% on a year-over-year basis. On average, analysts predict that Foster Wheeler will post $1.59 earnings per share for the current fiscal year.
A number of other firms have also recently commented on FWLT. Analysts at Zacks reiterated a “neutral” rating on shares of Foster Wheeler (NASDAQ:FWLT) in a research note to investors on Monday, August 19th. They now have a $25.00 price target on the stock. Analysts at Barclays Capital raised their price target on shares of Foster Wheeler (NASDAQ:FWLT) from $27.00 to $29.00 in a research note to investors on Monday, August 12th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $27.38.
Foster Wheeler AG (NASDAQ:FWLT) operate through two business groups: the Global Engineering & Construction Group (Global E&C Group), and its Global Power Group.
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