Zacks: Limbach Holdings, Inc. (LMB) Given $17.00 Consensus Target Price by Analysts
Shares of Limbach Holdings, Inc. (NYSE:LMB) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the three brokers that cover the stock, Zacks Investment Research reports. Three research analysts have rated the stock with a strong buy rating.
Brokers have set a one year consensus price target of $17.00 for the company, according to Zacks. Zacks has also assigned Limbach Holdings an industry rank of 226 out of 265 based on the ratings given to its competitors.
A number of equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Limbach Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. Roth Capital set a $18.00 price objective on shares of Limbach Holdings and gave the stock a “buy” rating in a report on Friday, August 18th.
Shares of Limbach Holdings (LMB) traded down $0.07 on Thursday, hitting $13.85. The stock had a trading volume of 6,767 shares, compared to its average volume of 10,065. Limbach Holdings has a twelve month low of $11.14 and a twelve month high of $16.20.
Limbach Holdings (NYSE:LMB) last announced its quarterly earnings data on Monday, August 14th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The company had revenue of $117.84 million for the quarter, compared to the consensus estimate of $115.50 million.
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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Mesirow Financial Investment Management Inc. purchased a new position in Limbach Holdings in the 2nd quarter worth approximately $432,000. Silver Capital Management LLC raised its holdings in Limbach Holdings by 15.4% in the 2nd quarter. Silver Capital Management LLC now owns 14,236 shares of the company’s stock worth $171,000 after acquiring an additional 1,900 shares during the last quarter. Finally, NJ State Employees Deferred Compensation Plan raised its holdings in Limbach Holdings by 20.0% in the 3rd quarter. NJ State Employees Deferred Compensation Plan now owns 36,000 shares of the company’s stock worth $477,000 after acquiring an additional 6,000 shares during the last quarter.
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