Liquidity Services Upgraded to Outperform at RBC Capital (LQDT)
Liquidity Services (NASDAQ:LQDT) was upgraded by RBC Capital from a “sector perform” rating to an “outperform” rating in a research note issued on Friday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of Liquidity Services from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, January 22nd. They now have a $23.60 price target on the stock. Separately, analysts at TheStreet downgraded shares of Liquidity Services to a “hold” rating in a research note to investors on Monday, December 23rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $29.12.
Shares of Liquidity Services (NASDAQ:LQDT) traded up 13.39% on Friday, hitting $24.1399. The stock had a trading volume of 1,662,239 shares. Liquidity Services has a 52-week low of $20.24 and a 52-week high of $40.90. The stock’s 50-day moving average is $22.20 and its 200-day moving average is $26.92. The company has a market cap of $775.5 million and a P/E ratio of 16.90.
Liquidity Services (NASDAQ:LQDT) last announced its earnings results on Friday, February 7th. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.16 by $0.16. The company had revenue of $93.47 million for the quarter, compared to the consensus estimate of $104.26 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was down .2% on a year-over-year basis. On average, analysts predict that Liquidity Services will post $1.59 earnings per share for the current fiscal year.
Liquidity Services, Inc is an auction marketplace for surplus and salvage assets. The Company enables buyers and sellers to transact in an automated online auction environment offering over 500 product categories.
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