LKQ Corp Price Target Increased to $30.00 by Analysts at Deutsche Bank (LKQ)
Equities researchers at Deutsche Bank boosted their target price on shares of LKQ Corp (NYSE:LKQ) from $27.00 to $30.00 in a research report issued on Monday, American Banking News.com reports. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price objective would indicate a potential downside of 7.29% from the stock’s previous close.
A number of other firms have also recently commented on LKQ. Analysts at Barrington Research downgraded shares of LKQ Corp from an “outperform” rating to a “market perform” rating in a research note to investors on Monday. They noted that the move was a valuation call. Separately, analysts at Zacks upgraded shares of LKQ Corp from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, October 8th. They now have a $34.50 price target on the stock. Finally, 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. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $32.50.
LKQ Corp (NYSE:LKQ) traded up 0.62% during mid-day trading on Monday, hitting $32.56. The stock had a trading volume of 924,733 shares. LKQ Corp has a one year low of $20.09 and a one year high of $34.07. The stock has a 50-day moving average of $32.30 and a 200-day moving average of $27.81. The company has a market cap of $9.786 billion and a P/E ratio of 33.02.
LKQ Corp (NYSE:LKQ) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.24 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.25 by $0.01. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the previous year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was up 27.6% on a year-over-year basis. Analysts expect that LKQ Corp will post $1.07 EPS for the current fiscal year.
LKQ Corporation (NYSE:LKQ) provides replacement parts, components and systems needed to repair vehicles (cars and trucks).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.