Lithia Motors Receives Consensus Recommendation of “Buy” from Analysts (NYSE:LAD)
Lithia Motors (NYSE:LAD) has earned an average rating of “Buy” from the ten analysts that are currently covering the company, American Banking and Market News reports. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $71.88.
A number of research firms have recently commented on LAD. Analysts at Ned Davis Research upgraded shares of Lithia Motors from a “neutral” rating to a “buy” rating in a research note on Monday, February 10th. Analysts at CRT Capital initiated coverage on shares of Lithia Motors in a research note on Monday, January 27th. They set a “buy” rating on the stock.
Lithia Motors (NYSE:LAD) traded down 1.35% on Friday, hitting $60.50. 84,555 shares of the company’s stock traded hands. Lithia Motors has a one year low of $40.03 and a one year high of $74.94. The stock has a 50-day moving average of $60.38 and a 200-day moving average of $65.94. The company has a market cap of $1.566 billion and a price-to-earnings ratio of 16.32.
Lithia Motors (NYSE:LAD) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.98 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.91 by $0.07. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.01 million. On average, analysts predict that Lithia Motors will post $4.51 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, March 21st. Investors of record on Friday, March 7th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Wednesday, March 5th.
Lithia Motors, Inc, is an operator of automotive franchises and a retailer of new and used vehicles and services.
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