L.B. Foster (NASDAQ:FSTR) Lifted to Strong-Buy at BidaskClub

L.B. Foster (NASDAQ:FSTR) was upgraded by research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report issued on Wednesday, December 27th.

L.B. Foster (FSTR) opened at $25.90 on Wednesday. The firm has a market cap of $270.41, a price-to-earnings ratio of -7.19 and a beta of 2.32. L.B. Foster has a 1-year low of $11.80 and a 1-year high of $27.50. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.10 and a quick ratio of 1.15.

L.B. Foster (NASDAQ:FSTR) last released its quarterly earnings results on Tuesday, November 7th. The basic materials company reported $0.31 earnings per share for the quarter. L.B. Foster had a negative net margin of 7.38% and a negative return on equity of 27.11%. The firm had revenue of $131.49 million for the quarter.

Large investors have recently made changes to their positions in the stock. Royal Bank of Canada grew its position in L.B. Foster by 21.5% in the second quarter. Royal Bank of Canada now owns 4,886 shares of the basic materials company’s stock worth $105,000 after acquiring an additional 864 shares in the last quarter. SG Americas Securities LLC purchased a new position in L.B. Foster in the second quarter worth $128,000. The Manufacturers Life Insurance Company boosted its position in L.B. Foster by 2,990.1% during the second quarter. The Manufacturers Life Insurance Company now owns 8,467 shares of the basic materials company’s stock valued at $181,000 after buying an additional 8,193 shares during the period. Rhumbline Advisers purchased a new stake in L.B. Foster during the third quarter valued at about $202,000. Finally, New York State Common Retirement Fund purchased a new stake in L.B. Foster during the second quarter valued at about $191,000. Institutional investors own 71.51% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “L.B. Foster (NASDAQ:FSTR) Lifted to Strong-Buy at BidaskClub” was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this report on another domain, it was illegally stolen and republished in violation of US & international trademark & copyright laws. The legal version of this report can be accessed at https://ledgergazette.com/2018/01/13/bidaskclub-upgrades-l-b-foster-fstr-to-strong-buy.html.

L.B. Foster Company Profile

L.B. Foster Company is a manufacturer, fabricator and distributor of products and services for the rail, construction, energy and utility markets. The Company’s segments include Rail Products and Services, Construction Products, and Tubular and Energy Services. Its Rail Products segment provides a range of new and used rail, trackwork and accessories to railroads, mines and industry.

Receive News & Ratings for L.B. Foster Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for L.B. Foster and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply