Lithia Motors Given Consensus Recommendation of “Buy” by Analysts (NYSE:LAD)
Lithia Motors (NYSE:LAD) has received an average recommendation of “Buy” from the ten brokerages that are covering the company, AnalystRatingsNetwork reports. Two research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $86.12.
A number of research firms have recently commented on LAD. Analysts at Zacks downgraded shares of Lithia Motors from an “outperform” rating to a “neutral” rating in a research note on Tuesday. They now have a $96.70 price target on the stock. Separately, 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. Finally, 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.
Shares of Lithia Motors (NYSE:LAD) traded down 0.08% during mid-day trading on Thursday, hitting $95.99. 102,053 shares of the company’s stock traded hands. Lithia Motors has a one year low of $53.57 and a one year high of $96.38. The stock’s 50-day moving average is $82.47 and its 200-day moving average is $69.9. The company has a market cap of $2.507 billion and a price-to-earnings ratio of 23.94.
Lithia Motors (NYSE:LAD) last released its 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. Analysts expect that Lithia Motors will post $4.74 EPS 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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