L.B. Foster (FSTR) – Investment Analysts’ Weekly Ratings Changes

L.B. Foster (NASDAQ: FSTR) has recently received a number of price target changes and ratings updates:

  • 10/18/2019 – L.B. Foster was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “L. B. Foster Company is engaged in the manufacture, fabrication and distribution of rail and trackwork, piling, highway products and tubular products. For rail markets, Foster provides a full line of new and used rail, trackwork and accessories to railroads, mines and industry. Foster also sells and rents steel sheet piling and H-bearing pile for foundation and earth retention requirements for the construction industry. For tubular markets, foster supplies pipe and pipe coatings for pipelines and produces pipe-related products for special markets. “
  • 10/10/2019 – L.B. Foster was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 10/9/2019 – L.B. Foster was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $21.00 price target on the stock. According to Zacks, “L. B. Foster Company is engaged in the manufacture, fabrication and distribution of rail and trackwork, piling, highway products and tubular products. For rail markets, Foster provides a full line of new and used rail, trackwork and accessories to railroads, mines and industry. Foster also sells and rents steel sheet piling and H-bearing pile for foundation and earth retention requirements for the construction industry. For tubular markets, foster supplies pipe and pipe coatings for pipelines and produces pipe-related products for special markets. “
  • 10/2/2019 – L.B. Foster was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 10/2/2019 – L.B. Foster was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “L. B. Foster Company is engaged in the manufacture, fabrication and distribution of rail and trackwork, piling, highway products and tubular products. For rail markets, Foster provides a full line of new and used rail, trackwork and accessories to railroads, mines and industry. Foster also sells and rents steel sheet piling and H-bearing pile for foundation and earth retention requirements for the construction industry. For tubular markets, foster supplies pipe and pipe coatings for pipelines and produces pipe-related products for special markets. “

Shares of FSTR opened at $19.98 on Monday. L.B. Foster Co has a 1 year low of $13.91 and a 1 year high of $27.80. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.04 and a quick ratio of 0.95. The company has a market capitalization of $212.91 million, a price-to-earnings ratio of 17.08 and a beta of 1.79. The business has a 50-day moving average of $20.63 and a 200-day moving average of $22.79.

L.B. Foster (NASDAQ:FSTR) last released its earnings results on Tuesday, July 30th. The basic materials company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.51 by $0.39. L.B. Foster had a positive return on equity of 15.15% and a negative net margin of 3.36%. The business had revenue of $200.93 million during the quarter, compared to analysts’ expectations of $178.85 million. As a group, sell-side analysts anticipate that L.B. Foster Co will post 2.13 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. grew its stake in L.B. Foster by 353.2% in the third quarter. Meeder Asset Management Inc. now owns 2,053 shares of the basic materials company’s stock valued at $45,000 after acquiring an additional 1,600 shares during the period. Public Employees Retirement System of Ohio grew its stake in L.B. Foster by 103.9% in the second quarter. Public Employees Retirement System of Ohio now owns 6,279 shares of the basic materials company’s stock valued at $172,000 after acquiring an additional 3,199 shares during the period. Royal Bank of Canada grew its stake in L.B. Foster by 78.0% in the second quarter. Royal Bank of Canada now owns 7,853 shares of the basic materials company’s stock valued at $215,000 after acquiring an additional 3,440 shares during the period. Bailard Inc. acquired a new stake in L.B. Foster in the second quarter valued at approximately $216,000. Finally, Dupont Capital Management Corp acquired a new stake in L.B. Foster in the second quarter valued at approximately $352,000. 74.16% of the stock is owned by institutional investors and hedge funds.

L.B. Foster Company manufactures and distributes products and services for the transportation and energy infrastructure worldwide. Its Rail Products and Services segment offers new rail to passenger and short line freight railroads, industrial companies, and rail contractors; used rails; rail accessories, including track spikes, bolts, angle bars, and other products; power rail, direct fixation fasteners, coverboards, and other accessories; and trackwork products, as well as engineers and fabricates insulated rail joints and related accessories.

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