L.B. Foster (NASDAQ:FSTR) Rating Increased to Strong-Buy at StockNews.com

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

Separately, B. Riley boosted their target price on shares of L.B. Foster from $17.00 to $23.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 6th.

L.B. Foster Trading Up 2.6 %

NASDAQ FSTR opened at $24.10 on Friday. The company’s fifty day simple moving average is $24.80 and its 200-day simple moving average is $22.53. The stock has a market cap of $264.38 million, a P/E ratio of 185.40 and a beta of 0.80. L.B. Foster has a 52 week low of $10.41 and a 52 week high of $27.93. The company has a current ratio of 1.76, a quick ratio of 0.99 and a debt-to-equity ratio of 0.39.

L.B. Foster (NASDAQ:FSTR) last posted its quarterly earnings data on Tuesday, March 5th. The basic materials company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). L.B. Foster had a net margin of 0.27% and a return on equity of 2.18%. The firm had revenue of $134.88 million during the quarter, compared to analysts’ expectations of $127.65 million. During the same period in the previous year, the company earned $0.03 earnings per share. Equities research analysts predict that L.B. Foster will post 1.07 EPS for the current fiscal year.

Institutional Investors Weigh In On L.B. Foster

A hedge fund recently bought a new stake in L.B. Foster stock. EAM Investors LLC purchased a new position in shares of L.B. Foster (NASDAQ:FSTR) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 94,529 shares of the basic materials company’s stock, valued at approximately $1,788,000. EAM Investors LLC owned 0.85% of L.B. Foster at the end of the most recent quarter. Hedge funds and other institutional investors own 80.63% of the company’s stock.

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.