Zacks: Analysts Set $17.00 Target Price for Limbach Holdings, Inc. (LMB)
Limbach Holdings, Inc. (NYSE:LMB) has received a consensus broker rating score of 1.00 (Strong Buy) from the three brokers that provide coverage for the company, Zacks Investment Research reports. Three research analysts have rated the stock with a strong buy recommendation.
Analysts have set a 1-year consensus price target of $17.00 for the company, according to Zacks. Zacks has also assigned Limbach Holdings an industry rank of 192 out of 265 based on the ratings given to related companies.
Several research analysts have recently commented on the stock. Zacks Investment Research lowered shares of Limbach Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, August 29th. Roth Capital set a $18.00 price objective on shares of Limbach Holdings and gave the company a “buy” rating in a research note on Friday, August 18th.
An institutional investor recently bought a new position in Limbach Holdings stock. Mesirow Financial Investment Management Inc. bought a new stake in Limbach Holdings, Inc. (NYSE:LMB) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 36,029 shares of the company’s stock, valued at approximately $432,000. Limbach Holdings makes up approximately 2.0% of Mesirow Financial Investment Management Inc.’s portfolio, making the stock its 21st biggest holding. Mesirow Financial Investment Management Inc. owned 0.48% of Limbach Holdings at the end of the most recent quarter.
Shares of Limbach Holdings (NYSE:LMB) traded down 2.54% during midday trading on Tuesday, reaching $13.03. 2,364 shares of the company were exchanged. Limbach Holdings has a 52 week low of $11.14 and a 52 week high of $16.20. The firm has a 50-day moving average of $13.48 and a 200 day moving average of $12.83. The firm’s market capitalization is $97.13 million.
Limbach Holdings (NYSE:LMB) last posted its quarterly earnings data on Monday, August 14th. The company reported $0.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.01). The firm had revenue of $117.84 million for the quarter, compared to analyst estimates of $115.50 million. On average, equities research analysts expect that Limbach Holdings will post $0.38 EPS for the current year.
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