Stock Rating Downgrade
The Value Trend Rating for L.B. Foster Co (NASDAQ: FSTR) weakened in recent days from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
L.B. Foster Co (NASDAQ: FSTR) stock declined by -4.5% on 8/1/24. The shares closed at $22.94. However, unusually low trading volume at 52% of normal accompanied the decline. The stock has been strong relative to the market over the last nine months and has risen 0.9% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, FSTR is expected to continue to be Value Creation neutral.
L.B. Foster has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. L.B. Foster has a very low Appreciation Score of 14 but a slightly positive Power Rating of 70, resulting in the Negative Value Trend Rating.
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