Shares of Limbach Holdings, Inc. (NASDAQ:LMB) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the three analysts that cover the company, Zacks Investment Research reports. Three equities research analysts have rated the stock with a strong buy recommendation.
Brokers have set a 12 month consensus price target of $17.00 for the company and are forecasting that the company will post $0.05 EPS for the current quarter, according to Zacks. Zacks has also given Limbach an industry rank of 85 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research raised Limbach from a “hold” rating to a “strong-buy” rating and set a $14.00 price objective on the stock in a research note on Friday.
Shares of Limbach stock opened at $13.81 on Tuesday. The firm has a market cap of $100.31, a P/E ratio of 62.77, a price-to-earnings-growth ratio of 0.70 and a beta of 0.69. Limbach has a 12 month low of $11.14 and a 12 month high of $15.22. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.23 and a current ratio of 1.23.
Limbach (NASDAQ:LMB) last issued its quarterly earnings data on Monday, April 2nd. The construction company reported $0.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.06). The business had revenue of $131.41 million for the quarter, compared to analyst estimates of $118.00 million. Limbach had a return on equity of 6.95% and a net margin of 0.10%. analysts expect that Limbach will post 1.09 EPS for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in LMB. Macquarie Group Ltd. bought a new position in shares of Limbach in the 4th quarter valued at about $112,000. Steward Partners Investment Advisory LLC grew its holdings in shares of Limbach by 108.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 8,846 shares of the construction company’s stock valued at $122,000 after acquiring an additional 4,604 shares in the last quarter. Finally, Arbor Wealth Management LLC bought a new position in shares of Limbach in the 3rd quarter valued at about $220,000. 27.61% of the stock is currently owned by hedge funds and other institutional investors.
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Limbach Company Profile
Limbach Holdings, Inc provides commercial specialty contractor services in the United States. It operates in two segments, Construction and Service. The company provides services in the areas of HVAC (heating, ventilation, and air-conditioning), plumbing, electrical, and building controls for the design and construction of new and renovated buildings; maintenance services; and equipment upgrades.
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