L.B. Foster (NASDAQ:FSTR) Stock Price Expected to Rise, B. Riley Analyst Says

L.B. Foster (NASDAQ:FSTR) had its price target raised by analysts at B. Riley from $21.00 to $25.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the basic materials company’s stock. B. Riley’s target price indicates a potential upside of 4.78% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. Singular Research upgraded shares of L.B. Foster to a “strong-buy” rating in a research note on Monday, August 12th. StockNews.com upgraded L.B. Foster from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 8th.

L.B. Foster Stock Performance

Shares of FSTR stock traded up $0.50 during trading hours on Wednesday, reaching $23.86. 13,842 shares of the company traded hands, compared to its average volume of 56,650. The firm has a 50-day moving average price of $19.90 and a 200 day moving average price of $22.02. The company has a market cap of $258.40 million, a P/E ratio of 6.13 and a beta of 0.83. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.27 and a quick ratio of 1.30. L.B. Foster has a 12-month low of $14.23 and a 12-month high of $30.77.

Institutional Investors Weigh In On L.B. Foster

An institutional investor recently raised its position in L.B. Foster stock. Lazard Asset Management LLC raised its stake in L.B. Foster (NASDAQ:FSTR) by 760.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,789 shares of the basic materials company’s stock after acquiring an additional 1,581 shares during the period. Lazard Asset Management LLC’s holdings in L.B. Foster were worth $48,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 80.63% of the company’s stock.

About L.B. Foster

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.