L.B. Foster Company Reaches New 52-Week High at $54.82 (FSTR)
L.B. Foster Company (NASDAQ:FSTR) hit a new 52-week high during trading on Tuesday , Analyst Ratings Network.com reports. The stock traded as high as $54.82 and last traded at $54.74, with a volume of 16,402 shares trading hands. The stock had previously closed at $54.12.
Several analysts have recently commented on the stock. Analysts at DA Davidson reiterated a “buy” rating on shares of L.B. Foster Company in a research note on Friday, June 13th. They now have a $60.00 price target on the stock, up previously from $55.00. Separately, analysts at Davidson raised their price target on shares of L.B. Foster Company from $55.00 to $60.00 in a research note on Friday, June 13th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of L.B. Foster Company in a research note on Tuesday, June 10th. They now have a $57.00 price target on the stock.
The stock has a 50-day moving average of $51.39 and a 200-day moving average of $47.34. The company has a market cap of $576.1 million and a P/E ratio of 19.88.
L.B. Foster Company (NASDAQ:FSTR) last released its earnings data 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.
L. B. Foster Company is engaged in the manufacture, fabrication and distribution of rail, construction and tubular products.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.