LKQ Corp Upgraded to Outperform at Zacks (LKQ)
LKQ Corp (NYSE:LKQ) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report issued on Tuesday, American Banking News.com reports. The firm currently has a $34.50 price target on the stock. Zacks‘ price target points to a potential upside of 11.18% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Wellington Shields downgraded shares of LKQ Corp from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, October 2nd. Separately, analysts at Robert W. Baird upgraded shares of LKQ Corp from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, October 1st. They now have a $38.00 price target on the stock, up previously from $34.00. Finally, analysts at Merrill Lynch upgraded shares of LKQ Corp from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, August 12th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $31.83.
Shares of LKQ Corp (NYSE:LKQ) traded down 2.94% during mid-day trading on Tuesday, hitting $31.03. The stock had a trading volume of 1,552,471 shares. LKQ Corp has a 52-week low of $19.17 and a 52-week high of $34.07. The stock has a 50-day moving average of $30.98 and a 200-day moving average of $26.41. The company has a market cap of $9.313 billion and a price-to-earnings ratio of 34.71.
LKQ Corp (NYSE:LKQ) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.25 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.25. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the company posted $0.41 earnings per share. LKQ Corp’s revenue was up 24.4% compared to the same quarter last year.
LKQ Corporation (NYSE:LKQ) provides replacement parts, components and systems needed to repair vehicles (cars and trucks).
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