SunTrust Increases Lumber Liquidators Holdings Price Target to $115.00 (LL)
Investment analysts at SunTrust upped their price objective on shares of Lumber Liquidators Holdings (NYSE:LL) from $105.00 to $115.00 in a note issued to investors on Thursday, American Banking and Market News reports. The firm currently has a “neutral” rating on the stock. SunTrust’s target price suggests a potential upside of 0.84% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group reiterated a “positive” rating on shares of Lumber Liquidators Holdings in a research note to investors on Thursday. They now have a $131.00 price target on the stock, up previously from $119.00. Separately, analysts at Ned Davis Research downgraded shares of Lumber Liquidators Holdings from a “buy” rating to a “neutral” rating in a research note to investors on Monday, October 21st. Finally, analysts at Zacks downgraded shares of Lumber Liquidators Holdings from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, October 21st. They now have a $115.50 price target on the stock. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $120.25.
Shares of Lumber Liquidators Holdings (NYSE:LL) traded down 1.42% during mid-day trading on Thursday, hitting $114.04. 517,235 shares of the company’s stock traded hands. Lumber Liquidators Holdings has a 52 week low of $46.26 and a 52 week high of $110.45. The stock’s 50-day moving average is $98.55 and its 200-day moving average is $82.6. The company has a market cap of $3.149 billion and a P/E ratio of 45.71.
Lumber Liquidators Holdings (NYSE:LL) last announced its earnings results on Wednesday, October 23rd. The company reported $0.73 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.67 by $0.06. The company had revenue of $254.30 million for the quarter, compared to the consensus estimate of $241.81 million. During the same quarter in the prior year, the company posted $0.46 earnings per share. The company’s quarterly revenue was up 24.5% on a year-over-year basis. Analysts expect that Lumber Liquidators Holdings will post $2.74 EPS for the current fiscal year.
Lumber Liquidators Holdings, Inc (NYSE:LL) is retailer of hardwood flooring, and hardwood flooring enhancements and accessories.
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