Brokerages Set LKQ Corp. (LKQ) PT at $38.17
Shares of LKQ Corp. (NASDAQ:LKQ) have been given a consensus recommendation of “Buy” by the nine ratings firms that are currently covering the company. One investment analyst has rated the stock with a sell recommendation and eight have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $38.17.
Several analysts have commented on the company. FBR & Co set a $40.00 price objective on LKQ Corp. and gave the company a “buy” rating in a report on Sunday, October 30th. Zacks Investment Research lowered LKQ Corp. from a “buy” rating to a “hold” rating in a report on Thursday, August 11th. Finally, Susquehanna assumed coverage on LKQ Corp. in a report on Thursday, August 25th. They issued a “positive” rating and a $42.00 price objective on the stock.
Shares of LKQ Corp. (NASDAQ:LKQ) opened at 33.44 on Wednesday. The stock has a market cap of $10.28 billion, a price-to-earnings ratio of 21.86 and a beta of 0.55. The company’s 50-day moving average price is $32.61 and its 200 day moving average price is $33.53. LKQ Corp. has a 12-month low of $23.95 and a 12-month high of $36.35.
LKQ Corp. (NASDAQ:LKQ) last posted its earnings results on Thursday, October 27th. The company reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.46 billion. LKQ Corp. had a return on equity of 16.41% and a net margin of 5.48%. LKQ Corp.’s revenue for the quarter was up 30.3% compared to the same quarter last year. During the same period last year, the company earned $0.36 earnings per share. On average, equities analysts predict that LKQ Corp. will post $1.81 earnings per share for the current year.
TRADEMARK VIOLATION NOTICE: “Brokerages Set LKQ Corp. (LKQ) PT at $38.17” was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece of content on another website, it was illegally stolen and republished in violation of U.S. and international copyright legislation. The original version of this piece of content can be accessed at https://www.thecerbatgem.com/2016/11/26/brokerages-set-lkq-corp-lkq-pt-at-38-17-2.html.
Hedge funds have recently modified their holdings of the company. Kalmar Investments Inc. DE raised its stake in shares of LKQ Corp. by 5.2% in the second quarter. Kalmar Investments Inc. DE now owns 1,271,874 shares of the company’s stock worth $40,318,000 after buying an additional 63,061 shares in the last quarter. GW&K Investment Management LLC increased its position in shares of LKQ Corp. by 16.5% in the second quarter. GW&K Investment Management LLC now owns 377,741 shares of the company’s stock worth $11,974,000 after buying an additional 53,545 shares during the last quarter. Ballentine Partners LLC bought a new position in shares of LKQ Corp. during the second quarter worth approximately $11,241,000. Strs Ohio increased its position in shares of LKQ Corp. by 0.9% in the second quarter. Strs Ohio now owns 1,339,403 shares of the company’s stock worth $42,459,000 after buying an additional 11,868 shares during the last quarter. Finally, Ngam Advisors L.P. increased its position in shares of LKQ Corp. by 38.8% in the second quarter. Ngam Advisors L.P. now owns 933,259 shares of the company’s stock worth $29,584,000 after buying an additional 260,917 shares during the last quarter. 89.22% of the stock is currently owned by hedge funds and other institutional investors.
About LKQ Corp.
LKQ Corporation (LKQ) is a global distributor of vehicle products, including replacement parts, components and systems used in the repair and maintenance of vehicles, as well as specialty vehicle products and accessories. The company distributes a range of products to collision and mechanical repair shops, including aftermarket collision and mechanical products, and recycled collision and mechanical products.
Receive News & Stock Ratings for LKQ Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LKQ Corp. and related stocks with our FREE daily email newsletter.