Shares of LKQ Co. (NASDAQ:LKQ) have received an average rating of “Hold” from the ten analysts that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $35.50.
LKQ has been the subject of a number of analyst reports. Zacks Investment Research cut LKQ from a “hold” rating to a “sell” rating and set a $29.00 price target for the company. in a report on Tuesday, September 10th. TheStreet upgraded LKQ from a “c+” rating to a “b-” rating in a report on Tuesday, September 24th. BidaskClub cut LKQ from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. Jefferies Financial Group set a $37.00 price target on LKQ and gave the stock a “buy” rating in a report on Friday, September 13th. Finally, Raymond James cut LKQ from an “outperform” rating to a “market perform” rating in a report on Friday, July 26th.
Shares of NASDAQ:LKQ traded up $0.39 during trading on Monday, reaching $31.64. 1,203,332 shares of the stock were exchanged, compared to its average volume of 2,703,638. The firm has a market cap of $9.63 billion, a price-to-earnings ratio of 14.45, a price-to-earnings-growth ratio of 0.96 and a beta of 1.32. LKQ has a 12-month low of $22.74 and a 12-month high of $33.17. The firm’s 50-day moving average price is $30.32 and its 200 day moving average price is $27.96. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.94 and a current ratio of 2.20.
Several institutional investors and hedge funds have recently made changes to their positions in LKQ. NEXT Financial Group Inc raised its position in shares of LKQ by 20.7% during the 3rd quarter. NEXT Financial Group Inc now owns 1,889 shares of the auto parts company’s stock valued at $59,000 after acquiring an additional 324 shares in the last quarter. Investors Research Corp raised its position in shares of LKQ by 33.3% during the 2nd quarter. Investors Research Corp now owns 1,600 shares of the auto parts company’s stock valued at $43,000 after acquiring an additional 400 shares in the last quarter. Fulton Bank N.A. raised its position in shares of LKQ by 1.1% during the 3rd quarter. Fulton Bank N.A. now owns 38,322 shares of the auto parts company’s stock valued at $1,205,000 after acquiring an additional 424 shares in the last quarter. Copperwynd Financial LLC raised its position in shares of LKQ by 3.9% during the 2nd quarter. Copperwynd Financial LLC now owns 14,842 shares of the auto parts company’s stock valued at $395,000 after acquiring an additional 554 shares in the last quarter. Finally, World Asset Management Inc raised its position in shares of LKQ by 2.6% during the 2nd quarter. World Asset Management Inc now owns 21,722 shares of the auto parts company’s stock valued at $578,000 after acquiring an additional 559 shares in the last quarter. 92.14% of the stock is currently owned by institutional investors.
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.
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