Libbey (LBY) Upgraded at Dougherty & Co

Dougherty & Co upgraded shares of Libbey (NYSEAMERICAN:LBY) from a neutral rating to a buy rating in a research note issued to investors on Wednesday morning, Marketbeat Ratings reports. They currently have $12.00 price objective on the stock. Dougherty & Co also issued estimates for Libbey’s Q3 2018 earnings at $0.15 EPS and FY2018 earnings at $0.44 EPS.

Separately, Zacks Investment Research raised Libbey from a sell rating to a hold rating in a research report on Friday, April 6th.

Shares of Libbey opened at $10.94 on Wednesday, according to Marketbeat Ratings. Libbey has a 1 year low of $4.60 and a 1 year high of $11.54.

Libbey (NYSEAMERICAN:LBY) last announced its earnings results on Tuesday, July 31st. The company reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.06. Libbey had a negative return on equity of 290.54% and a negative net margin of 41.83%. The business had revenue of $214.47 million for the quarter.

A number of institutional investors have recently made changes to their positions in the stock. Boston Partners increased its holdings in Libbey by 39.0% in the second quarter. Boston Partners now owns 1,089,391 shares of the company’s stock valued at $8,856,000 after buying an additional 305,581 shares during the last quarter. LMR Partners LLP bought a new stake in Libbey in the second quarter valued at about $489,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Libbey by 65.2% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,800 shares of the company’s stock valued at $340,000 after buying an additional 16,500 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new stake in Libbey in the second quarter valued at about $246,000. Finally, Bank of Montreal Can increased its holdings in Libbey by 695.4% in the second quarter. Bank of Montreal Can now owns 22,406 shares of the company’s stock valued at $182,000 after buying an additional 19,589 shares during the last quarter.

Libbey Company Profile

Libbey Inc designs, produces, and sells tableware and other products worldwide. It offers glass tableware products, including tumblers, stemware, mugs, bowls, vases, salt and pepper shakers, shot glasses, canisters, candleholders, and other items; storage ware; serve ware; bakeware; handmade glass tableware; and other components for original equipment manufacturers, such as blender jars and mixing bowls.

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