LKQ Co. (NASDAQ:LKQ) Given Average Rating of “Hold” by Brokerages

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LKQ Co. (NASDAQ:LKQ) has been given a consensus rating of “Hold” by the ten brokerages that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $35.50.

LKQ has been the topic of a number of analyst reports. Wellington Shields lowered shares of LKQ from a “buy” rating to a “gradually accumulate” rating in a research report on Thursday, July 25th. Zacks Investment Research lowered shares of LKQ from a “hold” rating to a “sell” rating and set a $29.00 target price on the stock. in a research report on Tuesday, September 10th. BidaskClub lowered shares of LKQ from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Jefferies Financial Group set a $37.00 target price on shares of LKQ and gave the stock a “buy” rating in a research report on Friday, September 13th. Finally, TheStreet upgraded shares of LKQ from a “c+” rating to a “b-” rating in a research report on Tuesday, September 24th.

NASDAQ:LKQ traded up $0.39 during midday trading on Monday, reaching $31.64. The stock had a trading volume of 1,203,332 shares, compared to its average volume of 2,703,638. The firm has a fifty day simple moving average of $30.32 and a two-hundred day simple moving average of $27.96. LKQ has a 12-month low of $22.74 and a 12-month high of $33.17. The company has a quick ratio of 0.94, a current ratio of 2.20 and a debt-to-equity ratio of 1.03. The stock has a market cap of $9.63 billion, a P/E ratio of 14.45, a P/E/G ratio of 0.96 and a beta of 1.32.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings data on Thursday, July 25th. The auto parts company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.01. LKQ had a net margin of 3.36% and a return on equity of 14.54%. The firm had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same period last year, the firm posted $0.61 EPS. LKQ’s quarterly revenue was up 7.2% on a year-over-year basis. On average, sell-side analysts anticipate that LKQ will post 2.32 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of LKQ. Strs Ohio raised its stake in shares of LKQ by 1.1% during the 3rd quarter. Strs Ohio now owns 216,436 shares of the auto parts company’s stock worth $6,806,000 after buying an additional 2,362 shares during the last quarter. Oakbrook Investments LLC raised its stake in shares of LKQ by 73.0% during the 3rd quarter. Oakbrook Investments LLC now owns 27,500 shares of the auto parts company’s stock worth $865,000 after buying an additional 11,600 shares during the last quarter. NEXT Financial Group Inc raised its stake 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 worth $59,000 after buying an additional 324 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of LKQ by 1.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 485,677 shares of the auto parts company’s stock worth $15,275,000 after buying an additional 6,901 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in shares of LKQ by 12.5% during the 3rd quarter. Nisa Investment Advisors LLC now owns 89,865 shares of the auto parts company’s stock worth $2,826,000 after buying an additional 10,000 shares during the last quarter. Institutional investors own 92.14% of the company’s stock.

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.

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Analyst Recommendations for LKQ (NASDAQ:LKQ)

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