Loar Holdings Inc. (NYSE:LOAR) Stock Has Consensus Price Target of $88.00 According to Analysts

Shares of Loar Holdings Inc. (NYSE:LOAR) have been assigned an average rating of “Moderate Buy” from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $88.00.

A number of analysts have recently commented on LOAR shares. Morgan Stanley reissued an “equal weight” rating and issued a $82.00 price objective (down from $91.00) on shares of Loar in a research report on Wednesday, July 15th. Royal Bank Of Canada raised their target price on shares of Loar from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Weiss Ratings upgraded shares of Loar from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, July 10th. Citigroup boosted their price target on shares of Loar from $71.00 to $87.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Finally, Jefferies Financial Group restated a “buy” rating and set a $88.00 price objective on shares of Loar in a research note on Sunday, August 9th.

Loar Stock Up 1.1%

Shares of Loar stock opened at $62.40 on Friday. The business’s 50 day simple moving average is $69.06 and its 200 day simple moving average is $66.73. Loar has a 52-week low of $53.15 and a 52-week high of $83.43. The firm has a market cap of $5.85 billion, a PE ratio of 86.67 and a beta of 0.64. The company has a debt-to-equity ratio of 0.79, a quick ratio of 3.24 and a current ratio of 4.91.

Loar (NYSE:LOAR) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.07. The firm had revenue of $171.58 million during the quarter, compared to the consensus estimate of $162.80 million. Loar had a return on equity of 9.37% and a net margin of 11.60%.The business’s revenue was up 39.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.23 EPS. Loar has set its FY 2026 guidance at 1.320-1.360 EPS. On average, analysts predict that Loar will post 1.2 earnings per share for the current fiscal year.

Institutional Trading of Loar

Institutional investors and hedge funds have recently bought and sold shares of the stock. Nykredit A S bought a new position in Loar in the second quarter valued at approximately $33,000. Allworth Financial LP raised its stake in shares of Loar by 428.4% during the 2nd quarter. Allworth Financial LP now owns 428 shares of the company’s stock worth $35,000 after purchasing an additional 347 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of Loar by 174.6% during the 1st quarter. Fifth Third Bancorp now owns 1,115 shares of the company’s stock worth $64,000 after purchasing an additional 709 shares in the last quarter. State of Wyoming acquired a new stake in shares of Loar in the 1st quarter valued at approximately $65,000. Finally, KBC Group NV boosted its holdings in shares of Loar by 52.8% in the 1st quarter. KBC Group NV now owns 1,447 shares of the company’s stock valued at $83,000 after buying an additional 500 shares during the last quarter.

About Loar

Loar Holdings Inc is an aerospace and defense company that designs and manufactures highly engineered, mission-critical components and systems. Its products are used in commercial and military aircraft, business jets, general aviation platforms, and other specialized aerospace applications.

The company offers a diverse portfolio of niche products, including elastomeric components, shock absorbers, sensors, electrical and electronic components, cockpit controls, and other specialized hardware.