L Brands Receives New Coverage from Analysts at Buckingham Research (LTD)
Analysts at Buckingham Research began coverage on shares of L Brands (NYSE:LTD) in a research report issued to clients and investors on Wednesday, American Banking & Market News reports. The firm set a “neutral” rating on the stock.
L Brands (NYSE:LTD) last issued its quarterly earnings data on Thursday, November 21st. The company reported $0.31 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.28 by $0.03. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter last year, the company posted $0.26 earnings per share. L Brands’s revenue was up 5.9% compared to the same quarter last year.
Several other analysts have also recently commented on the stock. Analysts at TheStreet reiterated a “hold” rating on shares of L Brands in a research note to investors on Monday, December 30th. Separately, analysts at Brean Capital initiated coverage on shares of L Brands in a research note to investors on Thursday, December 12th. They set a “buy” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of L Brands in a research note to investors on Monday, December 2nd. They now have a $68.00 price target on the stock. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have issued a buy rating to the company. L Brands has an average rating of “Hold” and a consensus target price of $57.59.
L Brands, Inc, formerly Limited Brands, Inc operates in the specialty retail business. The Company is a specialty retailer of women’s intimate and other apparel, beauty and personal care products and accessories.
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