Stifel Nicolaus Forecasts Strong Price Appreciation for Limbach (NASDAQ:LMB) Stock

Limbach (NASDAQ:LMB) had its target price lifted by analysts at Stifel Nicolaus from $108.00 to $110.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 15.81% from the company’s previous close.

A number of other analysts have also commented on the company. StockNews.com lowered Limbach from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Roth Mkm lifted their price target on Limbach from $67.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, November 4th.

Limbach Stock Up 1.4 %

Shares of NASDAQ:LMB traded up $1.29 during mid-day trading on Wednesday, hitting $94.98. 8,820 shares of the company traded hands, compared to its average volume of 159,043. The stock has a market cap of $1.07 billion, a P/E ratio of 43.37, a P/E/G ratio of 3.22 and a beta of 1.09. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.14. Limbach has a 12-month low of $35.24 and a 12-month high of $107.00. The stock has a 50-day moving average price of $88.22 and a two-hundred day moving average price of $71.12.

Limbach (NASDAQ:LMB) last announced its earnings results on Tuesday, November 5th. The construction company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.05. The company had revenue of $133.90 million for the quarter, compared to analysts’ expectations of $129.50 million. Limbach had a return on equity of 20.16% and a net margin of 5.08%. Limbach’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.61 earnings per share. On average, equities research analysts forecast that Limbach will post 2.54 earnings per share for the current year.

Institutional Trading of Limbach

Several hedge funds have recently made changes to their positions in the company. Tidal Investments LLC bought a new stake in shares of Limbach in the third quarter valued at $741,000. Sanctuary Advisors LLC bought a new stake in shares of Limbach in the third quarter valued at $262,000. Virtu Financial LLC bought a new stake in shares of Limbach in the third quarter valued at $487,000. Barclays PLC raised its stake in shares of Limbach by 385.4% in the third quarter. Barclays PLC now owns 16,879 shares of the construction company’s stock valued at $1,278,000 after buying an additional 13,402 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Limbach by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 238,445 shares of the construction company’s stock valued at $18,068,000 after purchasing an additional 5,093 shares during the period. 55.85% of the stock is currently owned by institutional investors.

Limbach Company Profile

Limbach Holdings, Inc operates as a building systems solution company in the United States. It operates through two segments, General Contractor Relationships and Owner Direct Relationships. The company engages in the construction and renovation projects that involve primarily include mechanical, plumbing, and electrical services.