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

Shares of Limbach Holdings, Inc. (NASDAQ:LMB) have been assigned an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.

Brokerages have set a one year consensus target price of $17.00 for the company and are anticipating that the company will post $0.39 EPS for the current quarter, according to Zacks. Zacks has also assigned Limbach an industry rank of 138 out of 265 based on the ratings given to its competitors.

A number of equities analysts recently commented on the company. Zacks Investment Research downgraded Limbach from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 18th. Roth Capital set a $18.00 price target on Limbach and gave the stock a “buy” rating in a research note on Monday, November 13th.

Large investors have recently bought and sold shares of the stock. Arbor Wealth Management LLC boosted its stake in Limbach by 393.3% in the fourth quarter. Arbor Wealth Management LLC now owns 80,308 shares of the construction company’s stock valued at $1,110,000 after acquiring an additional 64,027 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in Limbach by 108.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 8,846 shares of the construction company’s stock valued at $122,000 after acquiring an additional 4,604 shares during the period. Finally, Macquarie Group Ltd. acquired a new position in Limbach in the fourth quarter valued at approximately $112,000. Institutional investors and hedge funds own 27.95% of the company’s stock.

Shares of Limbach (NASDAQ LMB) opened at $11.77 on Tuesday. The stock has a market capitalization of $88.72, a PE ratio of -16.58, a PEG ratio of 0.71 and a beta of 0.99. Limbach has a 52-week low of $11.14 and a 52-week high of $15.22. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.31 and a current ratio of 1.31.

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About Limbach

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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