Analysts Set $17.00 Price Target for Limbach Holdings, Inc. (LMB)
Limbach Holdings, Inc. (NYSE:LMB) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the three analysts that cover the stock, Zacks Investment Research reports. Three investment analysts have rated the stock with a strong buy recommendation.
Analysts have set a 1 year consensus price objective of $17.00 for the company, according to Zacks. Zacks has also assigned Limbach Holdings an industry rank of 244 out of 265 based on the ratings given to its competitors.
A number of research analysts recently issued reports on LMB shares. Zacks Investment Research downgraded Limbach Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Roth Capital set a $18.00 price target on Limbach Holdings and gave the company a “buy” rating in a research note on Friday, August 18th.
Limbach Holdings (NYSE:LMB) last released its quarterly earnings results on Monday, August 14th. The company reported $0.10 EPS for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.01). The firm had revenue of $117.84 million during the quarter, compared to the consensus estimate of $115.50 million.
Several institutional investors have recently bought and sold shares of LMB. Mesirow Financial Investment Management Inc. acquired a new position in shares of Limbach Holdings during the 2nd quarter worth $432,000. NJ State Employees Deferred Compensation Plan grew its position in Limbach Holdings by 20.0% during the 3rd quarter. NJ State Employees Deferred Compensation Plan now owns 36,000 shares of the company’s stock worth $477,000 after acquiring an additional 6,000 shares during the last quarter. Finally, Silver Capital Management LLC grew its position in Limbach Holdings by 15.4% during the 2nd quarter. Silver Capital Management LLC now owns 14,236 shares of the company’s stock worth $171,000 after acquiring an additional 1,900 shares during the last quarter.
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