B. Riley Forecasts Strong Price Appreciation for L.B. Foster (NASDAQ:FSTR) Stock

L.B. Foster (NASDAQ:FSTR) had its price objective increased by B. Riley from $21.00 to $25.00 in a research report report published on Wednesday morning,Benzinga reports. B. Riley currently has a neutral rating on the basic materials company’s stock.

Several other equities analysts have also recently weighed in on the company. Singular Research raised L.B. Foster to a “strong-buy” rating in a report on Monday, August 12th. StockNews.com raised L.B. Foster from a “buy” rating to a “strong-buy” rating in a report on Friday, November 8th.

L.B. Foster Price Performance

NASDAQ FSTR opened at $23.51 on Wednesday. The business’s fifty day moving average price is $19.99 and its 200-day moving average price is $22.03. The stock 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 1-year low of $14.23 and a 1-year high of $30.77.

Institutional Investors Weigh In On L.B. Foster

A hedge fund recently raised its stake in L.B. Foster stock. Lazard Asset Management LLC grew its holdings in L.B. Foster (NASDAQ:FSTR) by 760.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities & Exchange Commission. 80.63% of the stock is owned by institutional investors and hedge funds.

About L.B. Foster

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.