L.B. Foster (NASDAQ:FSTR) Upgraded to “Strong-Buy” at StockNews.com

L.B. Foster (NASDAQ:FSTR) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Tuesday.

Separately, B. Riley boosted their price target on L.B. Foster from $23.00 to $27.00 and gave the company a “neutral” rating in a research note on Friday, May 10th.

L.B. Foster Stock Performance

FSTR stock traded down $4.06 during trading on Tuesday, reaching $16.53. The company had a trading volume of 243,423 shares, compared to its average volume of 60,694. The company has a market cap of $181.23 million, a price-to-earnings ratio of 22.64 and a beta of 0.86. L.B. Foster has a twelve month low of $14.10 and a twelve month high of $30.77. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.15 and a current ratio of 2.17. The firm has a 50-day simple moving average of $23.18 and a 200-day simple moving average of $24.42.

L.B. Foster (NASDAQ:FSTR) last posted its quarterly earnings results on Tuesday, May 7th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.24. The business had revenue of $124.32 million during the quarter, compared to analysts’ expectations of $110.34 million. L.B. Foster had a net margin of 1.46% and a return on equity of 3.19%. As a group, sell-side analysts expect that L.B. Foster will post 1.4 earnings per share for the current year.

Institutional Trading of L.B. Foster

A hedge fund recently raised its stake in L.B. Foster stock. Lazard Asset Management LLC boosted its stake in shares of L.B. Foster (NASDAQ:FSTR) by 760.1% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,789 shares of the basic materials company’s stock after purchasing an additional 1,581 shares during the period. Lazard Asset Management LLC’s holdings in L.B. Foster were worth $48,000 at the end of the most recent quarter. 80.63% of the stock is currently owned by institutional investors.

L.B. Foster Company Profile

L.B. Foster Company provides engineered and manufactured products and services for the building and infrastructure projects in the United States, Canada, the United Kingdom, and internationally. It operates through two segments: Rail, Technologies, and Services; and Infrastructure Solutions. The Rail, Technologies, and Services segment offers new rail to passenger and short line freight railroads, industrial companies, and rail contractors, as well as used rails; rail accessories, such as rack spikes, bolts, angle bars, tie plates, and other products; insulated rail joints and related accessories; fixation fasteners, coverboards, and special accessories; and trackwork products.