TheStreet downgraded shares of LMI Aerospace (NASDAQ: LMIA) from a buy rating to a hold rating in a report issued on Friday, Analyst Ratings Network reports.
“LMI Aerospace (LMIA) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins.,” the firm’s analyst commented.
A number of other firms have also recently commented on LMIA. Analysts at Deutsche Bank reiterated a buy rating on shares of LMI Aerospace in a research note to investors on Wednesday, May 15th. They now have a $24.00 price target on the stock, down previously from $25.00. Separately, analysts at Zacks downgraded shares of LMI Aerospace from a neutral rating to an underperform rating in a research note to investors on Tuesday, May 14th. They now have a $18.80 price target on the stock. Finally, analysts at Oppenheimer cut their price target on shares of LMI Aerospace from $27.00 to $25.00 in a research note to investors on Monday, May 13th. They now have an outperform rating on the stock.
One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of Hold and an average target price of $23.20.
Shares of LMI Aerospace (NASDAQ: LMIA) traded up 0.39% during mid-day trading on Friday, hitting $19.315. LMI Aerospace has a one year low of $14.97 and a one year high of $23.20. The stock’s 50-day moving average is currently $21.39. The company has a market cap of $243.5 million and a P/E ratio of 17.32.
LMI Aerospace, Inc. (NASDAQ: LMIA) is a provider of design engineering services, structural assemblies, kits and components to the aerospace, defense and technology markets.