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

StockNews.com upgraded shares of L.B. Foster (NASDAQ:FSTR) from a buy rating to a strong-buy rating in a research report report published on Tuesday morning.

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

L.B. Foster Trading Up 0.7 %

NASDAQ:FSTR opened at $28.35 on Tuesday. The firm has a market capitalization of $310.72 million, a P/E ratio of 38.84 and a beta of 0.80. L.B. Foster has a 52 week low of $12.96 and a 52 week high of $30.77. The company has a quick ratio of 1.15, a current ratio of 2.17 and a debt-to-equity ratio of 0.54. The company has a fifty day moving average of $26.32 and a 200 day moving average of $23.44.

L.B. Foster (NASDAQ:FSTR) last posted its earnings results 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). The firm had revenue of $134.88 million for the quarter, compared to analysts’ expectations of $127.65 million. L.B. Foster had a return on equity of 3.19% and a net margin of 1.46%. During the same quarter in the prior year, the company posted $0.03 earnings per share.

Hedge Funds Weigh In On L.B. Foster

A hedge fund recently raised its stake in L.B. Foster stock. Lazard Asset Management LLC grew its position in shares of L.B. Foster (NASDAQ:FSTR) by 760.1% during the first quarter, according to its most recent filing with the SEC. The firm 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 at the end of the most recent quarter. 80.63% of the stock is 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.