JPMorgan Chase & Co. Upgrades Lenovo Group (OTCMKTS:LNVGY) to “Overweight”


Share on StockTwits

Lenovo Group (OTCMKTS:LNVGY) was upgraded by stock analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a note issued to investors on Thursday, The Fly reports.

Other equities research analysts also recently issued reports about the stock. Bank of America upgraded shares of Lenovo Group from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 3rd. ValuEngine raised shares of Lenovo Group from a “strong sell” rating to a “sell” rating in a research note on Saturday, January 9th. Zacks Investment Research cut Lenovo Group from a “buy” rating to a “sell” rating in a research note on Friday, November 6th. Finally, Credit Suisse Group upgraded Lenovo Group from a “neutral” rating to an “outperform” rating in a research report on Monday. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $14.00.

Shares of LNVGY opened at $22.87 on Thursday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.64 and a current ratio of 0.87. Lenovo Group has a 52-week low of $8.92 and a 52-week high of $22.93. The firm has a market cap of $13.77 billion, a price-to-earnings ratio of 17.20, a PEG ratio of 0.51 and a beta of 1.21. The business’s fifty day moving average is $17.13 and its 200-day moving average is $13.94.

Lenovo Group (OTCMKTS:LNVGY) last released its quarterly earnings data on Monday, November 2nd. The technology company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.01. Lenovo Group had a return on equity of 19.35% and a net margin of 1.57%. The business had revenue of $14.52 billion for the quarter, compared to analyst estimates of $13.90 billion. As a group, research analysts forecast that Lenovo Group will post 1.81 EPS for the current fiscal year.

About Lenovo Group

Lenovo Group Limited, an investment holding company, develops, manufactures, and markets technology products and services. It offers commercial and consumer personal computers, as well as servers and workstations; and a family of mobile Internet devices, including tablets and smartphones. The company also provides laptops, desktops, phones, accessories, monitors, ultrabooks, data center solutions, systems, software, server and storage products, networking products, and replacement parts.

Further Reading: Investing strategies using the yield curve

The Fly

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