Lorillard Receives Consensus Rating of “Hold” from Brokerages (NYSE:LO)
Lorillard (NYSE:LO) has received a consensus recommendation of “Hold” from the eight analysts that are presently covering the company, Stock Ratings News reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $59.88.
Lorillard (NYSE:LO) opened at 60.22 on Friday. Lorillard has a one year low of $41.56 and a one year high of $67.46. The stock has a 50-day moving average of $61.8 and a 200-day moving average of $56.11. The company has a market cap of $21.680 billion and a P/E ratio of 19.93.
Lorillard (NYSE:LO) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by $0.05. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the previous year, the company posted $0.81 earnings per share. The company’s revenue for the quarter was up .7% on a year-over-year basis. On average, analysts predict that Lorillard will post $3.39 earnings per share for the current fiscal year.
A number of research firms have recently commented on LO. Analysts at Morgan Stanley upgraded shares of Lorillard from an “underweight” rating to an “equal weight” rating in a research note on Tuesday. They now have a $65.00 price target on the stock, up previously from $57.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Lorillard in a research note on Friday, August 1st. They now have a $64.00 price target on the stock. Finally, analysts at Nomura upgraded shares of Lorillard from a “reduce” rating to a “neutral” rating in a research note on Monday, July 28th. They now have a $64.00 price target on the stock, up previously from $54.00.
Lorillard, Inc (NYSE:LO) is the manufacturer of cigarettes in the United States.
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