LKQ Corp. (LKQ) Earns Buy Rating from Stifel Nicolaus
LKQ Corp. (NASDAQ:LKQ)‘s stock had its “buy” rating reissued by equities research analysts at Stifel Nicolaus in a research note issued on Tuesday. They presently have a $37.00 price objective on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 11.35% from the company’s current price.
Several other research firms also recently commented on LKQ. Susquehanna began coverage on shares of LKQ Corp. in a report on Thursday, August 25th. They issued a “positive” rating and a $42.00 target price on the stock. Zacks Investment Research raised shares of LKQ Corp. from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Wednesday, September 14th. Finally, FBR & Co reissued an “outperform” rating and issued a $40.00 target price on shares of LKQ Corp. in a report on Wednesday, October 5th. One equities research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $38.25.
Shares of LKQ Corp. (NASDAQ:LKQ) opened at 33.27 on Tuesday. The stock has a market capitalization of $10.23 billion, a PE ratio of 21.75 and a beta of 0.55. The stock has a 50 day moving average of $32.62 and a 200 day moving average of $33.54. LKQ Corp. has a 52-week low of $23.95 and a 52-week high of $36.35.
LKQ Corp. (NASDAQ:LKQ) last released its earnings results on Thursday, October 27th. The company reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. LKQ Corp. had a net margin of 5.48% and a return on equity of 16.41%. The firm had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter in the previous year, the firm earned $0.36 earnings per share. The company’s quarterly revenue was up 30.3% compared to the same quarter last year. Analysts forecast that LKQ Corp. will post $1.81 earnings per share for the current year.
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A number of large investors have recently added to or reduced their stakes in LKQ. LPL Financial LLC increased its stake in LKQ Corp. by 3.6% in the first quarter. LPL Financial LLC now owns 66,939 shares of the company’s stock worth $2,112,000 after buying an additional 2,332 shares during the last quarter. Arizona State Retirement System increased its stake in LKQ Corp. by 6.2% in the first quarter. Arizona State Retirement System now owns 168,017 shares of the company’s stock worth $5,365,000 after buying an additional 9,800 shares during the last quarter. Royal Bank of Canada increased its stake in LKQ Corp. by 0.9% in the first quarter. Royal Bank of Canada now owns 894,622 shares of the company’s stock worth $28,565,000 after buying an additional 7,619 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in LKQ Corp. by 8.9% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 29,167 shares of the company’s stock worth $932,000 after buying an additional 2,396 shares during the last quarter. Finally, First Republic Investment Management Inc. increased its stake in LKQ Corp. by 64.9% in the first quarter. First Republic Investment Management Inc. now owns 64,348 shares of the company’s stock worth $2,054,000 after buying an additional 25,315 shares during the last quarter. 89.16% of the stock is currently owned by institutional investors.
LKQ Corp. Company Profile
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.
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