Todays Report: The LKQ Corp. (LKQ) Receives Consensus Rating of “Buy” from Analysts

The LKQ Corp. (LKQ) Receives Consensus Rating of “Buy” from Analysts

LKQ Corp. (NASDAQ:LKQ) has earned an average recommendation of “Buy” from the nine analysts that are presently covering the company. One investment analyst has rated the stock with a sell recommendation and eight have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $38.17.

Several equities research analysts have commented on the company. FBR & Co set a $40.00 price target on LKQ Corp. and gave the stock a “buy” rating in a research note on Sunday, October 30th. Zacks Investment Research lowered LKQ Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, August 11th. Finally, Susquehanna set a $42.00 target price on LKQ Corp. and gave the stock a “buy” rating in a research report on Wednesday, October 5th.

LKQ Corp. (NASDAQ:LKQ) opened at 33.44 on Wednesday. LKQ Corp. has a 52-week low of $23.95 and a 52-week high of $36.35. The firm has a market cap of $10.28 billion, a price-to-earnings ratio of 21.86 and a beta of 0.55. The firm’s 50-day moving average price is $32.61 and its 200 day moving average price is $33.53.

LKQ Corp. (NASDAQ:LKQ) last announced its quarterly earnings results on Thursday, October 27th. The company reported $0.45 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.45. The company earned $2.40 billion during the quarter, compared to analyst estimates of $2.46 billion. LKQ Corp. had a return on equity of 16.41% and a net margin of 5.48%. The firm’s revenue was up 30.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.36 earnings per share. On average, equities research analysts forecast that LKQ Corp. will post $1.81 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. MSI Financial Services Inc increased its position in shares of LKQ Corp. by 55.0% in the third quarter. MSI Financial Services Inc now owns 3,084 shares of the company’s stock worth $109,000 after buying an additional 1,094 shares in the last quarter. Pinkerton Retirement Specialists LLC acquired a new position in shares of LKQ Corp. during the second quarter worth approximately $118,000. Mizuho Asset Management Co. Ltd. increased its position in shares of LKQ Corp. by 143.1% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,941 shares of the company’s stock worth $125,000 after buying an additional 2,320 shares in the last quarter. TLP Group LLC acquired a new position in shares of LKQ Corp. during the third quarter worth approximately $125,000. Finally, Parkside Financial Bank & Trust increased its position in shares of LKQ Corp. by 8.5% in the second quarter. Parkside Financial Bank & Trust now owns 4,197 shares of the company’s stock worth $133,000 after buying an additional 330 shares in the last quarter. 89.16% of the stock is owned by hedge funds and other institutional investors.

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