L.B. Foster (NASDAQ:FSTR) Downgraded by StockNews.com to “Buy”

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

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 0.4 %

Shares of NASDAQ:FSTR traded up $0.09 during midday trading on Friday, reaching $23.30. The company’s stock had a trading volume of 34,021 shares, compared to its average volume of 60,015. L.B. Foster has a 1 year low of $13.76 and a 1 year high of $30.77. The firm has a market cap of $255.37 million, a price-to-earnings ratio of 31.92 and a beta of 0.86. 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 business has a 50 day moving average price of $24.23 and a 200 day moving average price of $24.43.

L.B. Foster (NASDAQ:FSTR) last issued its quarterly earnings data on Tuesday, May 7th. The basic materials company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.24. L.B. Foster had a return on equity of 3.19% and a net margin of 1.46%. The company had revenue of $124.32 million for the quarter, compared to analysts’ expectations of $110.34 million. Research analysts forecast that L.B. Foster will post 1.4 EPS for the current year.

Institutional Trading of L.B. Foster

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