LSI Industries (LYTS) Coverage Initiated at Singular Research

Investment analysts at Singular Research assumed coverage on shares of LSI Industries (NASDAQ:LYTS) in a research note issued to investors on Friday. The firm set a “buy” rating and a $9.80 price target on the construction company’s stock. Singular Research’s price target suggests a potential upside of 23.27% from the stock’s current price.

Several other research firms have also commented on LYTS. Zacks Investment Research raised LSI Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Canaccord Genuity reissued a “buy” rating and set a $9.00 price target on shares of LSI Industries in a research report on Thursday, October 26th. Finally, Roth Capital set a $6.00 price target on LSI Industries and gave the stock a “hold” rating in a research report on Friday, October 6th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $9.26.

LSI Industries (LYTS) traded up $0.05 during trading on Friday, reaching $7.95. The company had a trading volume of 96,129 shares, compared to its average volume of 94,414. The firm has a market cap of $204.79 and a price-to-earnings ratio of -12.05. The company has a quick ratio of 1.45, a current ratio of 2.64 and a debt-to-equity ratio of 0.36. LSI Industries has a 12-month low of $4.99 and a 12-month high of $10.68.

LSI Industries (NASDAQ:LYTS) last released its quarterly earnings results on Thursday, January 25th. The construction company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.07 by $0.05. The firm had revenue of $92.30 million for the quarter, compared to analyst estimates of $88.85 million. LSI Industries had a positive return on equity of 3.80% and a negative net margin of 4.96%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. sell-side analysts anticipate that LSI Industries will post 0.25 earnings per share for the current year.

In other LSI Industries news, VP James E. Galeese bought 7,641 shares of the business’s stock in a transaction on Wednesday, December 6th. The shares were bought at an average cost of $6.54 per share, with a total value of $49,972.14. Following the transaction, the vice president now directly owns 2,379 shares in the company, valued at approximately $15,558.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Howard E. Japlon bought 5,000 shares of the business’s stock in a transaction on Thursday, December 14th. The stock was acquired at an average cost of $6.88 per share, for a total transaction of $34,400.00. Following the completion of the transaction, the vice president now owns 23,500 shares in the company, valued at $161,680. The disclosure for this purchase can be found here. Corporate insiders own 6.37% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Rhumbline Advisers raised its position in shares of LSI Industries by 1.5% in the 2nd quarter. Rhumbline Advisers now owns 29,529 shares of the construction company’s stock valued at $267,000 after purchasing an additional 430 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of LSI Industries by 11.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,374 shares of the construction company’s stock valued at $220,000 after purchasing an additional 2,591 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in shares of LSI Industries by 10.7% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 39,367 shares of the construction company’s stock valued at $356,000 after purchasing an additional 3,800 shares in the last quarter. TIAA CREF Investment Management LLC raised its position in shares of LSI Industries by 3.9% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 117,018 shares of the construction company’s stock valued at $1,059,000 after purchasing an additional 4,410 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of LSI Industries by 118.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 17,739 shares of the construction company’s stock valued at $159,000 after purchasing an additional 9,600 shares in the last quarter. 73.19% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: “LSI Industries (LYTS) Coverage Initiated at Singular Research” was reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece of content on another site, it was illegally stolen and reposted in violation of US & international trademark & copyright laws. The original version of this piece of content can be read at https://www.americanbankingnews.com/2018/02/02/lsi-industries-lyts-coverage-initiated-at-singular-research.html.

About LSI Industries

LSI Industries Inc is a provider of corporate visual image solutions to the petroleum/convenience store industry. The Company designs and develops aspects of the solid-state light emitting diode (LED) lighting, from the electronic circuit board, to the software to drive and control the LEDs, to the structure of the LED product.

Receive News & Ratings for LSI Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LSI Industries and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply