Loar (NYSE:LOAR) Price Target Raised to $83.00

Loar (NYSE:LOAR) had its target price raised by Citigroup from $81.00 to $83.00 in a report published on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

LOAR has been the topic of a number of other reports. Wall Street Zen lowered Loar from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Morgan Stanley cut their price objective on Loar from $100.00 to $97.00 and set an “overweight” rating for the company in a report on Thursday, November 13th. The Goldman Sachs Group restated a “buy” rating and issued a $98.00 price objective on shares of Loar in a research report on Thursday, February 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Loar in a research report on Monday, December 29th. Finally, Royal Bank Of Canada cut their price target on shares of Loar from $92.00 to $90.00 and set an “outperform” rating for the company in a research note on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Loar has a consensus rating of “Buy” and an average target price of $92.00.

Loar Price Performance

Shares of NYSE:LOAR opened at $75.53 on Monday. The company has a 50 day moving average of $69.30 and a 200 day moving average of $72.41. The company has a current ratio of 4.70, a quick ratio of 3.81 and a debt-to-equity ratio of 0.61. The stock has a market cap of $7.07 billion, a P/E ratio of 100.71 and a beta of 0.34. Loar has a 12 month low of $62.10 and a 12 month high of $99.67.

Loar (NYSE:LOAR) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.19 by $0.07. The firm had revenue of $131.75 million during the quarter, compared to the consensus estimate of $128.00 million. Loar had a net margin of 14.54% and a return on equity of 7.54%. The business’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same period last year, the firm earned $0.11 EPS. Loar has set its FY 2026 guidance at 0.760-0.800 EPS. As a group, sell-side analysts forecast that Loar will post 0.28 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Rakuten Securities Inc. purchased a new stake in shares of Loar in the 2nd quarter valued at $27,000. Fifth Third Bancorp purchased a new stake in Loar during the fourth quarter valued at about $28,000. PNC Financial Services Group Inc. boosted its position in Loar by 390.1% during the second quarter. PNC Financial Services Group Inc. now owns 348 shares of the company’s stock valued at $30,000 after buying an additional 277 shares during the period. Sunbelt Securities Inc. grew its stake in shares of Loar by 238.3% during the fourth quarter. Sunbelt Securities Inc. now owns 592 shares of the company’s stock valued at $40,000 after buying an additional 417 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of Loar by 8,383.3% in the third quarter. Farther Finance Advisors LLC now owns 509 shares of the company’s stock worth $41,000 after buying an additional 503 shares during the period.

Loar Company Profile

Loar Holdings Inc, through its subsidiaries, designs, manufactures, and markets aerospace and defense components for aircraft, and aerospace and defense systems in the United States and internationally. It offers products in various categories, which include airframe components, structural components, avionics, composites, braking system components, de-ice and ice protection, electro-mechanical, engineered materials, flight controls, fluid and motion controls, environmental, metal forming, molded components, and restraints and safety devices.