Lithia Motors Stock Rating Lowered by Zacks (LAD)
Lithia Motors (NYSE:LAD) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued to investors on Tuesday. They currently have a $96.70 price target on the stock. Zacks‘s target price would indicate a potential upside of 2.47% from the company’s current price.
A number of other firms have also recently commented on LAD. Analysts at Credit Suisse raised their price target on shares of Lithia Motors from $82.00 to $105.00 in a research note on Monday, June 23rd. Separately, 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. 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. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $86.12.
Shares of Lithia Motors (NYSE:LAD) traded up 0.32% during mid-day trading on Tuesday, hitting $94.37. 310,540 shares of the company’s stock traded hands. Lithia Motors has a 52-week low of $53.57 and a 52-week high of $94.31. The stock’s 50-day moving average is $81.55 and its 200-day moving average is $69.51. The company has a market cap of $2.465 billion and a P/E ratio of 23.44.
Lithia Motors (NYSE:LAD) last released its earnings data on Thursday, April 24th. The company reported $0.94 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.84 earnings per share. Lithia Motors’s revenue was up 19.4% compared to the same quarter last year. 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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