L.B. Foster Company Price Target Increased to $60.00 by Analysts at Davidson (FSTR)
Investment analysts at Davidson lifted their price objective on shares of L.B. Foster Company (NASDAQ:FSTR) from $55.00 to $60.00 in a note issued to investors on Friday. Davidson’s price objective points to a potential upside of 16.12% from the company’s current price.
Shares of L.B. Foster Company (NASDAQ:FSTR) traded down 0.06% on Friday, hitting $51.64. 9,680 shares of the company’s stock traded hands. L.B. Foster Company has a 1-year low of $39.14 and a 1-year high of $54.68. The stock has a 50-day moving average of $49.24 and a 200-day moving average of $46.53. The company has a market cap of $533.9 million and a P/E ratio of 18.98.
L.B. Foster Company (NASDAQ:FSTR) last announced its earnings results on Monday, May 5th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was down 13.8% on a year-over-year basis. On average, analysts predict that L.B. Foster Company 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. Shareholders 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 0.23%. The ex-dividend date of this dividend is Wednesday, June 4th.
In other L.B. Foster Company news, CFO David J. Russo sold 1,500 shares of L.B. Foster Company stock on the open market in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $53.06, for a total value of $79,590.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of L.B. Foster Company in a research note on Tuesday. They now have a $57.00 price target on the stock. Separately, analysts at Stifel raised their price target on shares of L.B. Foster Company from $52.00 to $56.00 in a research note on Tuesday, June 3rd. They now have a “buy” rating on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of L.B. Foster Company from $52.00 to $56.00 in a research note on Tuesday, June 3rd. They now have a “buy” rating on the stock. One analyst has rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $57.80.
L. B. Foster Company is engaged in the manufacture, fabrication and distribution of rail, construction and tubular products.
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