Lithia Motors Price Target Increased to $105.00 by Analysts at Credit Suisse (LAD)
Equities research analysts at Credit Suisse lifted their price target on shares of Lithia Motors (NYSE:LAD) from $82.00 to $105.00 in a research note issued to investors on Monday. Credit Suisse’s price target indicates a potential upside of 13.70% from the company’s current price.
LAD has been the subject of a number of other recent research reports. Analysts at KeyCorp raised their price target on shares of Lithia Motors from $83.00 to $85.00 in a research note on Thursday, May 22nd. They now have a “buy” rating on the stock. Separately, analysts at Zacks upgraded shares of Lithia Motors from a “neutral” rating to an “outperform” rating in a research note on Friday, April 11th. They now have a $70.80 price target on the stock. Finally, analysts at BB&T Corp. raised their price target on shares of Lithia Motors from $53.00 to $77.00 in a research note on Thursday, April 3rd. They now have a “buy” rating on the stock. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $81.80.
Shares of Lithia Motors (NYSE:LAD) traded up 1.12% on Monday, hitting $93.38. 85,931 shares of the company’s stock traded hands. Lithia Motors has a 52-week low of $48.18 and a 52-week high of $92.50. The stock has a 50-day moving average of $78.28 and a 200-day moving average of $68.42. The company has a market cap of $2.439 billion and a price-to-earnings ratio of 23.01.
Lithia Motors (NYSE:LAD) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.94 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.96 by $0.02. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the company posted $0.84 earnings per share. The company’s quarterly revenue was up 19.4% on a year-over-year basis. On average, analysts predict that Lithia Motors will post $4.74 earnings per share for the current fiscal year.
Lithia Motors, Inc, is an operator of automotive franchises and a retailer of new and used vehicles and services.
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