Foster Wheeler Ltd. Hits New 52-Week High at $27.23 (FWLT)
Shares of Foster Wheeler (NASDAQ:FWLT) hit a new 52-week high during trading hours on Monday, AnalystRatings.NET reports. The company traded as high as $27.23 and last traded at $27.20, with a volume of 372,589 shares trading hands. The stock had previously closed at $26.83.
Several analysts have recently commented on the stock. Analysts at Jefferies Group initiated coverage on shares of Foster Wheeler in a research note to investors on Wednesday, October 9th. They set a “hold” rating on the stock. Separately, analysts at Lazard Capital Markets raised their price target on shares of Foster Wheeler from $28.00 to $30.00 in a research note to investors on Monday, September 30th. They now have a “buy” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Foster Wheeler in a research note to investors on Monday, August 19th. They now have a $25.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $27.38.
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 $25.23 and its 200-day moving average is $23.02. The company has a market cap of $2.692 billion and a P/E ratio of 18.87.
Foster Wheeler (NASDAQ:FWLT) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.32 earnings per share. The company’s revenue for the quarter was down 7.8% on a year-over-year basis. Analysts expect that Foster Wheeler will post $1.59 EPS for the current fiscal year.
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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