Roth Capital Reiterates a Buy Rating on Limbach Holdings Inc

By Carrie Williams

In a report released yesterday, Gerry Sweeney from Roth Capital reiterated a Buy rating on Limbach Holdings Inc (NASDAQ: LMB), with a price target of $17.50. The company’s shares opened today at $13.53.

According to TipRanks.com, Sweeney is a 3-star analyst with an average return of 3.5% and a 49.5% success rate. Sweeney covers the Industrial Goods sector, focusing on stocks such as Nuverra Environmental Solutions Inc, Dynamic Materials Corp, and Heritage-Crystal Clean.

Limbach Holdings Inc has an analyst consensus of Moderate Buy.

Based on Limbach Holdings Inc’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $119 million and quarterly net profit of $894K. In comparison, last year the company earned revenue of $0 and had a GAAP net loss of $384.6K.

Based on the recent corporate insider activity of 8 insiders, corporate insider sentiment is negative on the stock.

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Limbach Holdings, Inc. engages in the provision of building infrastructure services. It designs, installations, and maintenance of HVAC and mechanical, electrical, and plumbing systems in new and renovated buildings. The company operates through two segments: Construction and Services. The Construction segment manages large construction or renovation projects that involve primarily HVAC, plumbing, sheet metal fabrication and installation, specialty piping and electrical services. The Services segment provides facility maintenance or general construction services primarily related to HVAC, plumbing or electrical services. It also provides mechanical, air conditioning, heating, building automation and control systems services in private, not-for-profit and public/government institutions. The company was founded in 1901 and is headquartered in Pittsburgh, PA.