Limbach Holdings, Inc. (LMB) Receives Average Recommendation of “Strong Buy” from Analysts
Limbach Holdings, Inc. (NYSE:LMB) has received a consensus broker rating score of 1.00 (Strong Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. Three investment analysts have rated the stock with a strong buy rating.
Brokers have set a 1-year consensus target price of $17.00 for the company, according to Zacks. Zacks has also given Limbach Holdings an industry rank of 252 out of 265 based on the ratings given to related companies.
A number of research analysts recently commented on the company. Zacks Investment Research downgraded Limbach Holdings from a “hold” rating to a “sell” rating in a report on Tuesday. Roth Capital set a $18.00 price target on Limbach Holdings and gave the company a “buy” rating in a report on Friday, August 18th.
An institutional investor recently raised its position in Limbach Holdings stock. Silver Capital Management LLC grew its position in shares of Limbach Holdings, Inc. (NYSE:LMB) by 15.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,236 shares of the company’s stock after buying an additional 1,900 shares during the period. Silver Capital Management LLC owned about 0.19% of Limbach Holdings worth $171,000 as of its most recent SEC filing.
Limbach Holdings (NYSE:LMB) remained flat at $13.23 during midday trading on Friday. The company had a trading volume of 26,133 shares. The stock’s market capitalization is $98.62 million. The stock has a 50 day moving average of $12.94 and a 200-day moving average of $12.90. Limbach Holdings has a 12-month low of $11.14 and a 12-month high of $16.20.
Limbach Holdings (NYSE:LMB) last posted its earnings results on Monday, August 14th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The firm had revenue of $117.84 million during the quarter, compared to analyst estimates of $115.50 million. On average, equities research analysts anticipate that Limbach Holdings will post $0.38 EPS for the current year.
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