Lorillard (LO) Announces Quarterly Results
Lorillard (NYSE:LO) posted its quarterly earnings results on Wednesday. The company reported $0.83 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.81 by $0.02, Analyst Ratings.Net reports. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.27 billion.
A number of analysts have recently weighed in on LO shares. Analysts at JPMorgan Chase & Co. raised their price target on shares of Lorillard from $46.00 to $53.00 in a research note to investors on Thursday, October 3rd. They now have a “neutral” rating on the stock. On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of Lorillard in a research note to investors on Friday, September 13th. They now have a $46.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Lorillard in a research note to investors on Friday, July 26th. They now have a $47.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. Lorillard currently has a consensus rating of “Hold” and a consensus price target of $55.78.
Lorillard (NYSE:LO) opened at 48.75 on Wednesday. Lorillard has a one year low of $36.70 and a one year high of $46.81. The stock has a 50-day moving average of $43.09 and a 200-day moving average of $42.61. The company has a market cap of $18.228 billion and a P/E ratio of 15.19.
Lorillard, Inc (NYSE:LO) is the manufacturer of cigarettes in the United States.
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