Shares of LKQ Co. (NASDAQ:LKQ) have been given an average recommendation of “Hold” by the thirteen brokerages that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $37.22.
A number of equities research analysts have recently commented on LKQ shares. Stephens raised their target price on LKQ from $35.00 to $40.00 and gave the company an “overweight” rating in a research report on Tuesday, September 8th. BidaskClub cut LKQ from a “hold” rating to a “sell” rating in a report on Tuesday. SunTrust Banks lifted their price objective on LKQ from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, July 15th. Northcoast Research cut LKQ from a “buy” rating to a “neutral” rating in a report on Monday, June 8th. Finally, Stifel Nicolaus raised their target price on shares of LKQ from $44.00 to $48.00 and gave the stock a “buy” rating in a research note on Friday, September 11th.
Shares of NASDAQ:LKQ traded up $0.50 during trading on Monday, reaching $28.51. 1,716,205 shares of the company’s stock traded hands, compared to its average volume of 2,729,709. LKQ has a fifty-two week low of $13.31 and a fifty-two week high of $36.63. The company has a quick ratio of 0.93, a current ratio of 2.11 and a debt-to-equity ratio of 0.61. The firm has a market cap of $8.68 billion, a PE ratio of 15.75 and a beta of 1.72. The company has a 50-day simple moving average of $30.84 and a 200-day simple moving average of $26.37.
LKQ (NASDAQ:LKQ) last posted its earnings results on Thursday, July 30th. The auto parts company reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.37. LKQ had a return on equity of 13.83% and a net margin of 4.72%. The firm had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.40 billion. During the same period last year, the firm earned $0.65 EPS. The company’s quarterly revenue was down 19.1% on a year-over-year basis. On average, equities research analysts forecast that LKQ will post 2.11 EPS for the current year.
Hedge funds have recently added to or reduced their stakes in the company. Patton Albertson Miller Group LLC raised its position in shares of LKQ by 8.4% during the 1st quarter. Patton Albertson Miller Group LLC now owns 54,325 shares of the auto parts company’s stock valued at $1,114,000 after buying an additional 4,212 shares during the period. Northwestern Mutual Investment Management Company LLC raised its position in shares of LKQ by 33.6% during the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 15,908 shares of the auto parts company’s stock valued at $326,000 after buying an additional 4,004 shares during the period. Canada Pension Plan Investment Board raised its position in shares of LKQ by 4.7% during the 1st quarter. Canada Pension Plan Investment Board now owns 41,751 shares of the auto parts company’s stock valued at $857,000 after buying an additional 1,890 shares during the period. Assenagon Asset Management S.A. raised its position in LKQ by 85.4% in the second quarter. Assenagon Asset Management S.A. now owns 313,084 shares of the auto parts company’s stock valued at $8,203,000 after purchasing an additional 144,172 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its position in LKQ by 10.7% in the second quarter. DekaBank Deutsche Girozentrale now owns 67,879 shares of the auto parts company’s stock valued at $1,738,000 after purchasing an additional 6,577 shares during the period. 92.09% of the stock is currently owned by hedge funds and other institutional investors.
LKQ Company Profile
LKQ Corporation, together with its subsidiaries, distributes replacement parts, components, and systems used in the repair and maintenance of vehicles. It operates in four segments: Wholesale – North America, Europe, Specialty, and Self Service. The company distributes bumper covers, automotive body panels, and lights, as well as automotive glass products, such as windshields; salvage products, including mechanical and collision parts comprising engines; transmissions; door assemblies; sheet metal products, such as trunk lids, fenders, and hoods; lights and bumper assemblies; scrap metal and other materials to metals recyclers; and brake pads, discs and sensors, clutches, steering and suspension products, filters, and oil and automotive fluids, as well as electrical products, including spark plugs and batteries.
Read More: What member countries make up the G-20?
Receive News & Ratings for LKQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LKQ and related companies with MarketBeat.com's FREE daily email newsletter.