Lakeland Industries, Inc. (LAKE) Receives Consensus Rating of “Strong Buy” from Analysts
Lakeland Industries, Inc. (NASDAQ:LAKE) has received a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.
Brokerages have set a 12 month consensus price target of $17.50 for the company and are predicting that the company will post $0.19 EPS for the current quarter, according to Zacks. Zacks has also assigned Lakeland Industries an industry rank of 160 out of 265 based on the ratings given to related companies.
A number of research firms have recently commented on LAKE. Zacks Investment Research raised Lakeland Industries from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Tuesday, December 19th. TheStreet downgraded Lakeland Industries from a “b” rating to a “c+” rating in a research note on Friday, December 15th.
Shares of Lakeland Industries (NASDAQ:LAKE) opened at $14.40 on Tuesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.21 and a current ratio of 6.43. The firm has a market capitalization of $116.87, a price-to-earnings ratio of 17.14, a price-to-earnings-growth ratio of 1.63 and a beta of -0.13. Lakeland Industries has a 12 month low of $9.85 and a 12 month high of $17.18.
Lakeland Industries (NASDAQ:LAKE) last announced its earnings results on Friday, December 15th. The medical instruments supplier reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.04. Lakeland Industries had a return on equity of 8.21% and a net margin of 6.92%. equities research analysts expect that Lakeland Industries will post 0.88 earnings per share for the current fiscal year.
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Lakeland Industries Company Profile
Lakeland Industries, Inc (Lakeland) manufactures and sells a line of safety garments and accessories for the industrial and public protective clothing market. The Company’s product categories include limited use/disposable protective clothing; high-end chemical protective suits; firefighting, flame resistant personal protective equipment (FR PPE) and heat protective apparel; reusable woven garments; high visibility clothing, and glove and sleeves.
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