Layne Christensen Company (NASDAQ:LAYN) Valuation According To Analysts

According to Zacks Investment Research, the company's 2018 P/E ratio is 16.26 against an industry ratio of 30.00. The Company's apparel merchandise includes branded, fashion and styles for tops, outerwear, bottoms and dresses. Dimensional Fund Advisors LP raised its position in Layne Christensen by 0.5% in the second quarter.

The company's total backlog was $182.8 million at the end of the quarter, July 31, 2017. The 1-year high was reported on Sep, 12 by If the $12.20 price target is reached, the company will be worth $11.51 million more. Jefferies Group analyst M. Englert now anticipates that the construction company will post earnings per share of ($0.04) for the quarter, up from their previous forecast of ($0.10).

Layne Christensen (NASDAQ:LAYN) last posted its quarterly earnings results on Monday, September 11th. It has underperformed by 28.17% the S&P500.

Layne Christensen Company's beta is at 0.32 meaning it is less volatile than the market overall which by definition has a beta of 1. About 108,128 shares traded. EPR Properties (EPR) has risen 2.91% since September 12, 2016 and is uptrending. Signia Capital Management Llc owns 131,893 shares or 2.54% of their U.S. portfolio. Cove Street Capital LLC now owns 200,000 shares of the construction company's stock valued at $1,758,000 after buying an additional 100,000 shares in the last quarter. Scout Investments Inc., a Missouri-based fund reported 625,075 shares. Its up 0.17, from 0.86 in 2016Q3. Virtu KCG Holdings LLC purchased a new position in shares of Layne Christensen during the 2nd quarter worth $130,000. Wynnefield accumulated 1.80M shares. Blackrock Fund Advisors owns 606,599 shares. Green Square Llc invested in 385,900 shares. Layne Christensen had a negative return on equity of 35.55% and a negative net margin of 12.66%. The third largest holder is Wynnefield Capital Inc, which now holds $21.26 million worth of this stock and that ownership represents almost 8.95% of its market capitalization. The SEC filing shows that Caliel Michael J performed a purchase of 2,500 shares. Royce & Associates LP lifted its stake in Layne Christensen by 5.8% in the 1st quarter.

The share price of the company (NASDAQ:LAYN) was up +7.80%, with a high of 12.13 during the day and the volume of Layne Christensen Company shares traded was 1593170. Ancora Advsr Ltd Company reported 0.1% of its portfolio in Layne Christensen Company (NASDAQ:LAYN). Trexquant Limited Partnership, a Connecticut-based fund reported 16,028 shares. Pnc Financial Ser Grp Inc invested in 0% or 200 shares. The correct version of this report can be accessed at Credit Suisse AG raised its position in Layne Christensen by 2.6% in the first quarter. 10,088 are held by D E Shaw And Incorporated. Brandes Inv Ptnrs L P has 15,000 shares for 0% of their portfolio.

Layne Christensen Co (NASDAQ:LAYN) institutional sentiment increased to 1.13 in Q4 2016. Therefore 33% are positive. Analysts reported that the Price Target for Layne Christensen Company might touch $9 high while the Average Price Target and Low price Target is $9 and $9 respectively. One investment analyst has rated the stock with a hold rating. The rating was maintained by Jefferies with "Hold" on Friday, June 9. Maxim Group initiated it with "Buy" rating and $8 target in Friday, February 19 report.

Layne Christensen Company (NASDAQ:LAYN) has been the object of insider buying activity recently.

Layne Christensen Company's stock has a beta of 0.32 so it is less volatile than the market as a whole.

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