Lithia Motors (NYSE:LAD) had its price objective raised by stock analysts at Morgan Stanley from $116.00 to $126.00 in a research note issued to investors on Wednesday. The brokerage presently has an “overweight” rating on the stock. Morgan Stanley’s price objective would suggest a potential upside of 17.18% from the company’s current price.
A number of other equities analysts have also recently issued reports on LAD. Zacks Investment Research upgraded Lithia Motors from a “sell” rating to a “hold” rating in a report on Tuesday, December 26th. Bank of America upgraded Lithia Motors from an “underperform” rating to a “neutral” rating and set a $128.00 price objective for the company in a report on Monday, January 8th. Buckingham Research dropped their price objective on Lithia Motors from $137.00 to $131.00 and set a “buy” rating for the company in a report on Thursday, February 15th. Finally, Stephens restated a “buy” rating on shares of Lithia Motors in a report on Thursday, February 15th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Lithia Motors has an average rating of “Buy” and a consensus price target of $129.29.
Lithia Motors (LAD) traded up $1.13 during midday trading on Wednesday, hitting $107.53. The stock had a trading volume of 17,134 shares, compared to its average volume of 255,892. The company has a market cap of $2,681.39, a P/E ratio of 11.02, a P/E/G ratio of 0.52 and a beta of 1.78. The company has a current ratio of 1.21, a quick ratio of 0.28 and a debt-to-equity ratio of 0.95. Lithia Motors has a 52-week low of $80.88 and a 52-week high of $127.99.
In related news, Director Kenneth E. Roberts sold 5,000 shares of the business’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $126.00, for a total transaction of $630,000.00. Following the completion of the transaction, the director now owns 105,064 shares in the company, valued at approximately $13,238,064. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 7.85% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the business. Canada Pension Plan Investment Board purchased a new stake in shares of Lithia Motors in the 3rd quarter worth $144,000. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Lithia Motors by 142.7% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,648 shares of the company’s stock worth $188,000 after buying an additional 969 shares during the period. Contravisory Investment Management Inc. lifted its holdings in shares of Lithia Motors by 174.9% in the 4th quarter. Contravisory Investment Management Inc. now owns 1,655 shares of the company’s stock worth $188,000 after buying an additional 1,053 shares during the period. Stone Ridge Asset Management LLC purchased a new stake in shares of Lithia Motors in the 4th quarter worth $203,000. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of Lithia Motors by 12.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,806 shares of the company’s stock worth $170,000 after buying an additional 204 shares during the period.
WARNING: “Lithia Motors (LAD) PT Raised to $126.00 at Morgan Stanley” was posted by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright and trademark law. The correct version of this story can be accessed at https://stocknewstimes.com/2018/03/14/lithia-motors-lad-pt-raised-to-126-00-at-morgan-stanley.html.
Lithia Motors Company Profile
Lithia Motors, Inc is an operator of automotive franchises and a retailer of new and used vehicles and related services. As of February 28, 2017, it offered 30 brands of new vehicles and all brands of used vehicles in 154 stores in the United States and online at Lithia.com, DCHauto.com and CarboneCars.com.
Receive News & Ratings for Lithia Motors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lithia Motors and related companies with MarketBeat.com's FREE daily email newsletter.