Shares of Layne Christensen Company (NASDAQ:LAYN) have been given a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.

Analysts have set a 1-year consensus target price of $11.00 for the company and are forecasting that the company will post ($0.04) EPS for the current quarter, according to Zacks. Zacks has also assigned Layne Christensen an industry rank of 64 out of 265 based on the ratings given to its competitors.

Several equities research analysts have recently commented on LAYN shares. ValuEngine raised shares of Layne Christensen from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Jefferies Group LLC reiterated a “hold” rating and issued a $11.00 price target (up from $9.00) on shares of Layne Christensen in a research note on Thursday, September 14th. Finally, Zacks Investment Research lowered shares of Layne Christensen from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th.

Several institutional investors have recently modified their holdings of LAYN. Wells Fargo & Company MN increased its stake in shares of Layne Christensen by 5.3% in the 1st quarter. Wells Fargo & Company MN now owns 17,000 shares of the construction company’s stock worth $151,000 after acquiring an additional 855 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Layne Christensen by 7.9% in the 1st quarter. Bank of New York Mellon Corp now owns 84,752 shares of the construction company’s stock worth $750,000 after acquiring an additional 6,217 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Layne Christensen by 9.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,135,219 shares of the construction company’s stock worth $10,035,000 after acquiring an additional 96,511 shares in the last quarter. Credit Suisse AG increased its stake in shares of Layne Christensen by 2.6% in the 1st quarter. Credit Suisse AG now owns 723,400 shares of the construction company’s stock worth $6,394,000 after acquiring an additional 18,046 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in shares of Layne Christensen by 8.8% in the 2nd quarter. Rhumbline Advisers now owns 21,629 shares of the construction company’s stock worth $190,000 after acquiring an additional 1,755 shares in the last quarter. Institutional investors own 89.27% of the company’s stock.

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Shares of Layne Christensen (NASDAQ LAYN) opened at 13.51 on Friday. The company’s market capitalization is $268.59 million. Layne Christensen has a 1-year low of $6.98 and a 1-year high of $13.64. The firm has a 50-day moving average of $12.62 and a 200 day moving average of $9.91.

Layne Christensen (NASDAQ:LAYN) last posted its earnings results on Monday, September 11th. The construction company reported ($0.11) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.18) by $0.07. Layne Christensen had a negative net margin of 12.66% and a negative return on equity of 35.55%. The firm had revenue of $126.20 million during the quarter, compared to analysts’ expectations of $122.99 million. During the same period last year, the company posted ($0.21) EPS. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, equities research analysts expect that Layne Christensen will post ($0.40) earnings per share for the current year.

About Layne Christensen

Layne Christensen Company (Layne) is a water management, construction and drilling company. The Company provides drilling solutions for water management, mineral services and specialty drilling needs. The Company operates through three segments: Water Resources, Inliner and Mineral Services. Its Water Resources segment provides its customers with solutions for various aspects of water supply system development and technology throughout the United States.

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