L.B. Foster Price Target Increased to $56.00 by Analysts at Stifel (FSTR)
Equities researchers at Stifel upped their price target on shares of L.B. Foster (NASDAQ:FSTR) from $52.00 to $56.00 in a research report issued on Tuesday. The firm currently has a “buy” rating on the stock. Stifel’s target price suggests a potential upside of 11.55% from the stock’s previous close.
L.B. Foster (NASDAQ:FSTR) traded down 0.69% on Tuesday, hitting $50.20. The stock had a trading volume of 18,920 shares. L.B. Foster has a 52 week low of $39.14 and a 52 week high of $52.74. The stock has a 50-day moving average of $48.38 and a 200-day moving average of $46.06. The company has a market cap of $519.0 million and a P/E ratio of 18.57.
L.B. Foster (NASDAQ:FSTR) last announced its earnings results on Monday, May 5th. The company reported $0.35 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.53 by $0.18. The company had revenue of $111.40 million for the quarter, compared to the consensus estimate of $123.90 million. During the same quarter in the prior year, the company posted $0.48 earnings per share. The company’s quarterly revenue was down 13.8% on a year-over-year basis. On average, analysts predict that L.B. Foster will post $2.91 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, June 20th. Stockholders of record on Friday, June 6th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date of this dividend is Wednesday, June 4th.
In other L.B. Foster news, VP John F. Kasel sold 4,000 shares of L.B. Foster stock on the open market in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $49.06, for a total transaction of $196,240.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of other firms have also recently commented on FSTR. Analysts at Stifel Nicolaus raised their price target on shares of L.B. Foster from $52.00 to $56.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of L.B. Foster in a research note on Thursday, March 13th. They now have a $48.00 price target on the stock.
L. B. Foster Company (NASDAQ:FSTR) is engaged in the manufacture, fabrication and distribution of rail, construction and tubular products.
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