LKQ Corp (NYSE:LKQ) was upgraded by investment analysts at Bank of America Corp. from an “underperform” rating to a “neutral” rating in a note issued to investors on Monday, American Banking and Market News reports. The firm currently has a $32.00 price objective on the stock. Bank of America Corp.’s price objective suggests a potential upside of 4.27% from the stock’s previous close.
LKQ Corp (NYSE:LKQ) traded down 0.94% on Monday, hitting $30.40. LKQ Corp has a 1-year low of $17.16 and a 1-year high of $31.07. The stock’s 50-day moving average is currently $26.77. The company has a market cap of $9.124 billion and a price-to-earnings ratio of 33.32.
LKQ Corp (NYSE:LKQ) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.25 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.25. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the prior year, the company posted $0.41 earnings per share. The company’s quarterly revenue was up 24.4% on a year-over-year basis. Analysts expect that LKQ Corp will post $1.08 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of LKQ Corp in a research note to investors on Wednesday, June 19th. They now have a $26.00 price target on the stock, up previously from $22.00. Separately, analysts at Raymond James reiterated a “buy” rating on shares of LKQ Corp in a research note to investors on Wednesday, May 29th. They now have a $27.50 price target on the stock. Finally, analysts at Merrill Lynch raised their price target on shares of LKQ Corp from $20.00 to $26.00 in a research note to investors on Wednesday, May 29th.
Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $29.63.
LKQ Corporation (NYSE:LKQ) provides replacement parts, components and systems needed to repair vehicles (cars and trucks).
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