Lorillard Lowered to Underweight at Morgan Stanley (LO)
Lorillard (NYSE:LO) traded down 2.05% on Tuesday, hitting $62.23. The stock had a trading volume of 751,037 shares. Lorillard has a one year low of $41.56 and a one year high of $65.28. The stock’s 50-day moving average is $60.08 and its 200-day moving average is $53.50. The company has a market cap of $22.561 billion and a price-to-earnings ratio of 20.97.
Lorillard (NYSE:LO) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.69 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.72 by $0.03. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.19 billion. Analysts expect that Lorillard will post $3.45 EPS for the current fiscal year.
A number of other firms have also recently commented on LO. Analysts at Zacks reiterated a “neutral” rating on shares of Lorillard in a research note on Friday, May 16th. They now have a $60.00 price target on the stock. Separately, analysts at Nomura initiated coverage on shares of Lorillard in a research note on Wednesday, April 9th. They set a “reduce” rating and a $54.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $55.57.
Lorillard, Inc (NYSE:LO) is the manufacturer of cigarettes in the United States.
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