Zacks: Brokerages Set $17.00 Target Price for Limbach Holdings, Inc. (LMB)

Limbach Holdings, Inc. (NASDAQ:LMB) has been assigned 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 equities research 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 and are predicting that the company will post $0.39 EPS for the current quarter, according to Zacks. Zacks has also given Limbach an industry rank of 85 out of 265 based on the ratings given to its competitors.

A number of equities analysts have recently issued reports on LMB shares. Zacks Investment Research raised Limbach from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Roth Capital set a $18.00 price target on Limbach and gave the stock a “buy” rating in a research report on Monday, November 13th.

In other news, Director Larry G. Swets, Jr. sold 500,000 shares of the company’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $12.85, for a total transaction of $6,425,000.00. Following the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at $128,500. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 82.90% of the company’s stock.

An institutional investor recently raised its position in Limbach stock. Steward Partners Investment Advisory LLC lifted its position in Limbach Holdings, Inc. (NASDAQ:LMB) by 108.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,846 shares of the construction company’s stock after acquiring an additional 4,604 shares during the period. Steward Partners Investment Advisory LLC owned 0.12% of Limbach worth $122,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 22.71% of the company’s stock.

Limbach (NASDAQ LMB) opened at $14.13 on Wednesday. The stock has a market capitalization of $105.12, a price-to-earnings ratio of -19.90, a PEG ratio of 0.84 and a beta of -1.12. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.64. Limbach has a 12-month low of $11.14 and a 12-month high of $15.22.

Limbach (NASDAQ:LMB) last issued its quarterly earnings results on Tuesday, November 14th. The construction company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.33). Limbach had a negative return on equity of 1.14% and a negative net margin of 0.65%. equities research analysts anticipate that Limbach will post 0.15 EPS for the current year.

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Limbach Company Profile

Limbach Holdings, Inc provides commercial specialty contractor services in the United States. It operates in two segments, Construction and Service. The company provides services in the areas of HVAC (heating, ventilation, and air-conditioning), plumbing, electrical, and building controls for the design and construction of new and renovated buildings; maintenance services; and equipment upgrades.

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