L.B. Foster (NASDAQ:FSTR) Price Target Raised to $25.00 at B. Riley

L.B. Foster (NASDAQ:FSTR) had its price target upped by B. Riley from $21.00 to $25.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have a neutral rating on the basic materials company’s stock.

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

L.B. Foster Trading Up 0.6 %

FSTR opened at $23.51 on Wednesday. The business has a 50 day simple moving average of $19.99 and a two-hundred day simple moving average of $22.03. The firm has a market capitalization of $254.61 million, a price-to-earnings ratio of 6.04 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 one year low of $14.23 and a one year high of $30.77.

Institutional Trading of L.B. Foster

An institutional investor recently raised its position in L.B. Foster stock. Lazard Asset Management LLC raised its holdings in shares of L.B. Foster (NASDAQ:FSTR) by 760.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,789 shares of the basic materials company’s stock after purchasing 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. 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.