Roth Capital Keeps Their Buy Rating on Limbach Holdings Inc

In a report issued on May 18, Gerry Sweeney from Roth Capital reiterated a Buy rating on Limbach Holdings Inc (NASDAQ: LMB), with a price target of $17. The company’s shares closed on Friday at $12.08.

According to TipRanks.com, Sweeney is ranked #1691 out of 4798 analysts.

Currently, the analyst consensus on Limbach Holdings Inc is Moderate Buy and the average price target is $16, representing a 32.5% upside.

In a report issued on May 17, D.A. Davidson also maintained a Buy rating on the stock with a $15 price target.

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Based on Limbach Holdings Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $2.42 million. In comparison, last year the company had a GAAP net loss of $1.21 million.

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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.