Lorillard PT Raised to $53.00 (LO)
Equities research analysts at JPMorgan Chase & Co. upped their price target on shares of Lorillard (NYSE:LO) from $46.00 to $53.00 in a research note issued to investors on Thursday, AR Network reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price target indicates a potential upside of 16.56% from the stock’s previous close.
Lorillard (NYSE:LO) traded up 0.71% on Thursday, hitting $45.47. 3,474,705 shares of the company’s stock traded hands. Lorillard has a 52 week low of $36.70 and a 52 week high of $46.81. The stock has a 50-day moving average of $43.69 and a 200-day moving average of $43.22. The company has a market cap of $17.002 billion and a price-to-earnings ratio of 14.07.
Lorillard (NYSE:LO) last released its earnings data on Thursday, July 25th. The company reported $0.81 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.80 by $0.01. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter last year, the company posted $2.19 earnings per share. Lorillard’s revenue was up 6.9% compared to the same quarter last year. Analysts expect that Lorillard will post $3.13 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on LO. Analysts at Zacks reiterated a “neutral” rating on shares of Lorillard (NYSE:LO) in a research note to investors on Friday, September 13th. They now have a $46.00 price target on the stock. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Lorillard (NYSE:LO) in a research note to investors on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $55.78.
Lorillard, Inc (NYSE:LO) is the manufacturer of cigarettes in the United States.
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