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Research analysts at S&P Equity Research upped their target price on shares of Lithia Motors (NYSE:LAD) from $3.05 to $4.02 in a report released on Friday. The firm currently has an “average” rating on the stock. S&P Equity Research’s target price indicates a potential downside of 95.70% from the stock’s previous close. The analysts noted that the move was a valuation call.

LAD has been the subject of a number of other recent research reports. Analysts at Morgan Stanley downgraded shares of Lithia Motors from an “overweight” rating to an “underweight” rating in a research note on Friday. They now have a $80.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Zacks upgraded shares of Lithia Motors from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 30th. They now have a $97.70 price target on the stock. Finally, analysts at KeyCorp reiterated a “buy” rating on shares of Lithia Motors in a research note on Wednesday, July 16th. They now have a $103.00 price target on the stock, up previously from $96.00. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. Lithia Motors has an average rating of “Buy” and an average target price of $78.53.

Lithia Motors (NYSE:LAD) traded down 4.44% during mid-day trading on Friday, hitting $89.32. The stock had a trading volume of 171,702 shares. Lithia Motors has a 52-week low of $53.57 and a 52-week high of $97.20. The stock’s 50-day moving average is $92.41 and its 200-day moving average is $75.45. The company has a market cap of $2.332 billion and a P/E ratio of 20.95.

Lithia Motors (NYSE:LAD) last released its earnings data on Wednesday, July 23rd. The company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.10. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the prior year, the company posted $1.05 earnings per share. The company’s quarterly revenue was up 21.2% on a year-over-year basis. On average, analysts predict that Lithia Motors will post $5.05 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, August 22nd. Investors of record on Friday, August 8th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Wednesday, August 6th.

Lithia Motors, Inc, is an operator of automotive franchises and a retailer of new and used vehicles and services.

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