RBC Capital cut shares of Liquidity Services (NASDAQ:LQDT) from an outperform rating to a sector perform rating in a research note issued to investors on Wednesday, TheFlyOnTheWall.com reports.
LQDT has been the subject of a number of other recent research reports. Analysts at Benchmark Co. cut their price target on shares of Liquidity Services from $47.00 to $40.00 in a research note to investors on Tuesday. They now have a buy rating on the stock. Separately, analysts at Oppenheimer cut their price target on shares of Liquidity Services from $40.00 to $34.00 in a research note to investors on Wednesday, July 17th. They now have an outperform rating on the stock. Finally, analysts at Zacks downgraded shares of Liquidity Services from a neutral rating to an underperform rating in a research note to investors on Wednesday, July 17th. They now have a $24.90 price target on the stock.
Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $35.56.
Shares of Liquidity Services (NASDAQ:LQDT) traded down 0.30% during mid-day trading on Wednesday, hitting $30.20. Liquidity Services has a one year low of $27.26 and a one year high of $57.42. The stock’s 50-day moving average is currently $31.28. The company has a market cap of $955.0 million and a P/E ratio of 24.99.
Liquidity Services, Inc is an auction marketplace for surplus and salvage assets. The Company enables buyers and sellers to transact in an automated online auction environment offering over 500 product categories.
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