Lorillard PT Raised to $54.00 (LO)
Investment analysts at Jefferies Group raised their target price on shares of Lorillard (NYSE:LO) from $50.00 to $54.00 in a note issued to investors on Thursday, Analyst Ratings Network reports. The firm currently has a “buy” rating on the stock. Jefferies Group’s price target points to a potential upside of 8.89% from the company’s current price.
LO has been the subject of a number of other recent research reports. 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. 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. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $47.75.
Shares of Lorillard (NYSE:LO) remained flat at $49.59 during during mid-day trading trading on Thursday. The stock had a trading volume of 2,046,312 shares. Lorillard has a 52 week low of $36.70 and a 52 week high of $46.81. The stock’s 50-day moving average is $43.09 and its 200-day moving average is $42.61. The company has a market cap of $18.542 billion and a P/E ratio of 15.45.
Lorillard (NYSE:LO) last released its earnings data on Wednesday, October 23rd. The company reported $0.83 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.81 by $0.02. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter last year, the company posted $2.17 earnings per share. Lorillard’s revenue was up 12.6% compared to the same quarter last year. On average, analysts predict that Lorillard will post $3.16 earnings per share for the current fiscal year.
Lorillard, Inc (NYSE:LO) is the manufacturer of cigarettes in the United States.
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