Littelfuse Receives New Coverage from Analysts at Oppenheimer (LFUS)
Analysts at Oppenheimer began coverage on shares of Littelfuse (NASDAQ:LFUS) in a research report issued to clients and investors on Thursday, TheFlyOnTheWall.com reports. The firm set a “market perform” rating and a $83.00 price target on the stock. Oppenheimer’s price objective points to a potential upside of 8.57% from the stock’s previous close.
The analysts wrote, “We are initiating coverage of LFUS with a Perform rating and 12- to 18-month price target of $83, representing upside of 7.5%, including 1.1% dividend yield. Our PT is based on LFUS trading at 17.5x our 2014 EPS estimate of $4.75. Noting our ’14E EPS vs. $4.94 consensus, we anticipate acquired revenue margins render consolidated OM expansion at lower levels, and that the shares may take time to digest recent multiple expansion. Meaningful end-market diversification and streamlining have resulted in sustained strong operating performance through recent end market volatility, and along with recently emboldened acquisition strategy should provide quality downside protection. A long-standing global leader in circuit protection, LFUS also has expanding platforms in power control and sensing.”
Separately, analysts at Zacks downgraded shares of Littelfuse (NASDAQ:LFUS) from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, August 5th. They now have a $86.30 price target on the stock.
Shares of Littelfuse (NASDAQ:LFUS) opened at 76.45 on Thursday. Littelfuse has a one year low of $47.75 and a one year high of $83.79. The stock has a 50-day moving average of $77.4 and a 200-day moving average of $74.45. The company has a market cap of $1.711 billion and a price-to-earnings ratio of 22.37.
Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $1.15 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.12 by $0.03. The company had revenue of $187.77 million for the quarter, compared to the consensus estimate of $187.36 million. During the same quarter last year, the company posted $1.07 earnings per share. Littelfuse’s revenue was up 6.8% compared to the same quarter last year. On average, analysts predict that Littelfuse will post $4.36 earnings per share for the current fiscal year.
Littelfuse, Inc and its subsidiaries (NASDAQ:LFUS), is a supplier of circuit protection products for the electronics, automotive and electrical industries.
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