Lorillard Receives Consensus Rating of “Hold” from Brokerages (NYSE:LO)
Shares of Lorillard (NYSE:LO) have been given an average recommendation of “Hold” by the eight ratings firms that are presently covering the stock, StockRatingsNetwork reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $59.88.
Lorillard (NYSE:LO) opened at 60.53 on Friday. Lorillard has a 1-year low of $41.56 and a 1-year high of $67.46. The stock’s 50-day moving average is $61.6 and its 200-day moving average is $56.30. The company has a market cap of $21.792 billion and a P/E ratio of 19.96.
Lorillard (NYSE:LO) last announced its earnings results on Wednesday, July 30th. The company reported $0.84 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.81 earnings per share. Lorillard’s revenue was up .7% compared to the same quarter last year. On average, analysts predict that Lorillard will post $3.39 earnings per share for the current fiscal year.
LO has been the subject of a number of recent research reports. Analysts at Morgan Stanley upgraded shares of Lorillard from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, August 5th. 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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