FBR Capital Markets Initiates Coverage on LKQ Corp (LKQ)
Investment analysts at FBR Capital Markets assumed coverage on shares of LKQ Corp (NYSE:LKQ) in a note issued to investors on Friday, Analyst Ratings.Net reports. The firm set an “outperform” rating and a $40.00 price target on the stock. FBR Capital Markets’ price objective would indicate a potential upside of 24.84% from the stock’s previous close.
Shares of LKQ Corp (NYSE:LKQ) opened at 32.04 on Friday. LKQ Corp has a 52 week low of $20.09 and a 52 week high of $34.32. The stock’s 50-day moving average is $32.86 and its 200-day moving average is $30.63. The company has a market cap of $9.632 billion and a price-to-earnings ratio of 32.95.
LKQ Corp (NYSE:LKQ) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.24 earnings per share (EPS) for the quarter, missing the 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 last year, the company posted $0.18 earnings per share. LKQ Corp’s revenue was up 27.6% compared to the same quarter last year. Analysts expect that LKQ Corp will post $1.08 EPS for the current fiscal year.
LKQ has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of LKQ Corp from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, November 6th. They now have a $36.20 price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of LKQ Corp from $27.00 to $30.00 in a research note to investors on Monday, November 4th. They now have a “hold” rating on the stock. Finally, 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, November 4th. They noted that the move was a valuation call. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $33.81.
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.