ValuEngine upgraded shares of LKQ (NASDAQ:LKQ) from a hold rating to a buy rating in a research report released on Friday.
Several other research firms have also recently issued reports on LKQ. Zacks Investment Research upgraded LKQ from a hold rating to a buy rating and set a $48.00 price objective on the stock in a report on Monday, January 15th. Stephens set a $50.00 price objective on LKQ and gave the stock a buy rating in a report on Tuesday, January 16th. BidaskClub cut LKQ from a buy rating to a hold rating in a report on Friday, January 19th. Robert W. Baird reiterated a buy rating and issued a $47.00 price objective on shares of LKQ in a report on Friday, December 22nd. Finally, B. Riley reiterated a buy rating and issued a $41.00 price objective on shares of LKQ in a report on Tuesday, December 12th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. LKQ presently has an average rating of Buy and a consensus price target of $43.89.
Shares of LKQ (NASDAQ LKQ) opened at $40.00 on Friday. The company has a quick ratio of 1.10, a current ratio of 2.82 and a debt-to-equity ratio of 0.75. LKQ has a twelve month low of $27.85 and a twelve month high of $43.86. The stock has a market capitalization of $12,649.18, a PE ratio of 25.58, a P/E/G ratio of 1.17 and a beta of 0.94.
Hedge funds have recently added to or reduced their stakes in the company. First Personal Financial Services raised its position in shares of LKQ by 194.0% during the 4th quarter. First Personal Financial Services now owns 3,852 shares of the auto parts company’s stock valued at $157,000 after buying an additional 2,542 shares during the period. Zions Bancorporation purchased a new stake in shares of LKQ during the 3rd quarter valued at approximately $197,000. YHB Investment Advisors Inc. purchased a new stake in shares of LKQ during the 4th quarter valued at approximately $203,000. Conning Inc. purchased a new stake in shares of LKQ during the 4th quarter valued at approximately $217,000. Finally, Gyroscope Capital Management Group LLC purchased a new stake in shares of LKQ during the 2nd quarter valued at approximately $243,000. 92.05% of the stock is currently owned by hedge funds and other institutional investors.
LKQ Corporation (LKQ) is a distributor of vehicle products, including replacement parts, components and systems used in the repair and maintenance of vehicles, as well as specialty vehicle products and accessories, and automotive glass products. The Company’s segments include Wholesale-North America; Europe; Specialty, and Self Service.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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