Zacks: Limbach Holdings, Inc. (LMB) Receives Average Rating of “Strong Buy” from Brokerages
Shares of Limbach Holdings, Inc. (NYSE:LMB) have been assigned an average broker rating score of 1.00 (Strong Buy) from the three analysts that cover the company, Zacks Investment Research reports. Three investment analysts have rated the stock with a strong buy rating.
Analysts have set a one year consensus target price of $17.00 for the company, according to Zacks. Zacks has also assigned Limbach Holdings an industry rank of 249 out of 265 based on the ratings given to related companies.
Several analysts have recently commented on the company. Roth Capital set a $18.00 price objective on Limbach Holdings and gave the stock a “buy” rating in a research note on Friday, August 18th. Zacks Investment Research raised Limbach Holdings from a “sell” rating to a “hold” rating in a research note on Saturday, September 23rd.
COPYRIGHT VIOLATION WARNING: This article was originally reported by American Banking News and is the sole property of of American Banking News. If you are reading this article on another site, it was illegally stolen and reposted in violation of US and international copyright law. The original version of this article can be read at https://www.americanbankingnews.com/2017/10/05/zacks-limbach-holdings-inc-lmb-receives-average-rating-of-strong-buy-from-brokerages.html.
A hedge fund recently raised its stake in Limbach Holdings stock. Silver Capital Management LLC increased its holdings in Limbach Holdings, Inc. (NYSE:LMB) by 15.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,236 shares of the company’s stock after acquiring an additional 1,900 shares during the period. Silver Capital Management LLC owned about 0.19% of Limbach Holdings worth $171,000 at the end of the most recent quarter.
Limbach Holdings (NYSE LMB) traded down 0.29% on Thursday, reaching $13.91. The company’s stock had a trading volume of 1,972 shares. Limbach Holdings has a 52-week low of $11.14 and a 52-week high of $16.20. The company’s market cap is $103.69 million. The firm’s 50-day moving average price is $13.39 and its 200 day moving average price is $12.84.
Limbach Holdings (NYSE:LMB) last issued its quarterly earnings data on Monday, August 14th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.01). The firm had revenue of $117.84 million during the quarter, compared to analysts’ expectations of $115.50 million. Equities analysts anticipate that Limbach Holdings will post $0.38 EPS for the current fiscal year.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Limbach Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Limbach Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.