Limbach Holdings, Inc. (LMB) Given $17.00 Average Price Target by Analysts
Limbach Holdings, Inc. (NYSE:LMB) has been assigned an average broker rating score of 1.00 (Strong Buy) from the three analysts that cover the stock, Zacks Investment Research reports. Three research analysts have rated the stock with a strong buy rating.
Analysts have set a twelve-month consensus price target of $17.00 for the company, according to Zacks. Zacks has also given Limbach Holdings an industry rank of 242 out of 265 based on the ratings given to related companies.
Several brokerages have issued reports on LMB. Zacks Investment Research downgraded shares of Limbach Holdings from a “hold” rating to a “sell” rating in a report on Tuesday. Roth Capital set a $18.00 price target on shares of Limbach Holdings and gave the company a “buy” rating in a report on Friday, August 18th.
An institutional investor recently bought a new position in Limbach Holdings stock. Mesirow Financial Investment Management Inc. acquired a new stake in shares of Limbach Holdings, Inc. (NYSE:LMB) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 36,029 shares of the company’s stock, valued at approximately $432,000. Limbach Holdings accounts for approximately 2.0% of Mesirow Financial Investment Management Inc.’s portfolio, making the stock its 21st largest position. Mesirow Financial Investment Management Inc. owned about 0.48% of Limbach Holdings as of its most recent SEC filing.
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Limbach Holdings (NYSE LMB) remained flat at $12.99 on Friday. The company had a trading volume of 16,008 shares. The firm’s market cap is $96.83 million. The firm’s 50-day moving average price is $12.57 and its 200 day moving average price is $12.96. Limbach Holdings has a one year low of $8.90 and a one year high of $16.20.
Limbach Holdings (NYSE:LMB) last announced its quarterly earnings results on Monday, August 14th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by $0.01. The business had revenue of $117.84 million for the quarter, compared to the consensus estimate of $115.50 million. Equities research analysts anticipate that Limbach Holdings will post $0.38 earnings per share for the current fiscal year.
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