LKQ (NASDAQ:LKQ) was upgraded by analysts at TheStreet from a “c+” rating to a “b-” rating in a note issued to investors on Monday, TheStreetRatingsTable reports.

Several other equities research analysts also recently weighed in on LKQ. Jefferies Financial Group increased their price target on LKQ from $35.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday, September 11th. Northcoast Research downgraded LKQ from a “buy” rating to a “neutral” rating in a research report on Monday, June 8th. ValuEngine downgraded LKQ from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 1st. Barrington Research assumed coverage on LKQ in a research report on Tuesday, June 2nd. They set a “buy” rating and a $35.00 price target on the stock. Finally, Stephens increased their price target on LKQ from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 8th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $37.22.

NASDAQ LKQ opened at $31.85 on Monday. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.11 and a quick ratio of 0.93. The stock’s fifty day moving average price is $30.95 and its 200 day moving average price is $26.29. LKQ has a 1 year low of $13.31 and a 1 year high of $36.63. The company has a market cap of $9.69 billion, a price-to-earnings ratio of 17.60 and a beta of 1.72.

LKQ (NASDAQ:LKQ) last released its earnings results on Thursday, July 30th. The auto parts company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.37. LKQ had a return on equity of 13.83% and a net margin of 4.72%. The firm had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same period in the prior year, the firm earned $0.65 EPS. The firm’s revenue was down 19.1% on a year-over-year basis. Research analysts expect that LKQ will post 2.11 earnings per share for the current year.

A number of institutional investors have recently modified their holdings of the stock. Mitsubishi UFJ Trust & Banking Corp lifted its stake in LKQ by 10.9% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 316,608 shares of the auto parts company’s stock valued at $8,294,000 after buying an additional 31,101 shares in the last quarter. Principal Financial Group Inc. lifted its stake in LKQ by 27.0% in the 2nd quarter. Principal Financial Group Inc. now owns 792,864 shares of the auto parts company’s stock valued at $20,773,000 after buying an additional 168,697 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its stake in LKQ by 3.4% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 487,570 shares of the auto parts company’s stock valued at $12,774,000 after buying an additional 16,019 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in LKQ by 3.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 34,028 shares of the auto parts company’s stock valued at $891,000 after buying an additional 1,160 shares in the last quarter. Finally, Neuberger Berman Group LLC lifted its stake in LKQ by 50.8% in the 2nd quarter. Neuberger Berman Group LLC now owns 261,961 shares of the auto parts company’s stock valued at $6,861,000 after buying an additional 88,216 shares in the last quarter. 92.09% of the stock is currently owned by hedge funds and other institutional investors.

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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