LMI Aerospace Upgraded by Zacks to Neutral (LMIA)
LMI Aerospace (NASDAQ:LMIA) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a note issued to investors on Tuesday, AnalystRatingsNetwork reports. The firm currently has a $14.10 price objective on the stock. Zacks‘ target price indicates a potential upside of 2.77% from the stock’s previous close.
A number of other analysts have also recently weighed in on LMIA. Analysts at Deutsche Bank reiterated a “buy” rating on shares of LMI Aerospace in a research note to investors on Wednesday, November 13th. They now have a $18.00 price target on the stock, down previously from $19.00. Analysts at Wells Fargo & Co. downgraded shares of LMI Aerospace from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday, November 12th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. LMI Aerospace has an average rating of “Hold” and a consensus target price of $20.53.
LMI Aerospace (NASDAQ:LMIA) traded up 0.58% on Tuesday, hitting $13.80. 53,460 shares of the company’s stock traded hands. LMI Aerospace has a 52-week low of $10.81 and a 52-week high of $23.20. The stock’s 50-day moving average is $13.34 and its 200-day moving average is $14.58. The company has a market cap of $174.1 million and a price-to-earnings ratio of 18.10.
LMI Aerospace (NASDAQ:LMIA) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by $0.06. The company had revenue of $104.70 million for the quarter, compared to the consensus estimate of $108.70 million. During the same quarter last year, the company posted $0.51 earnings per share. LMI Aerospace’s revenue was up 48.3% compared to the same quarter last year. On average, analysts predict that LMI Aerospace will post $0.69 earnings per share for the current fiscal year.
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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