Analysts from StockNews.com provided initial coverage for LCI Industries in a research report made available for public consumption on Thursday of this week (NYSE: LCII).
The company suggested a “hold” investment strategy for the stock as an appropriate course of action.
On February 14, a Tuesday, LCI Industries (NYSE: LCII) released the most recent quarterly results report that it had produced.
In the reported earnings for the quarter, the company brought in $0.68 per share, which was $0.98 less than the consensus estimate of $0.30 per share.
The return on equity for LCI Industries came in at 28.95%, and their net margin was 7.59%.
These figures are significantly higher than the industry average.
The company’s sales for the quarter came in at $894.35 million, which is significantly lower than the consensus projection of $912.46 million for sales made by market analysts.
The company generated earnings of $3.22 per share during the same period in the prior year’s operations.
LCI Industries reported a quarterly revenue decrease of 26.3% compared to the previous year.
According to the projections made by research professionals, LCI Industries will bring in 7.85 cents per share in profits for the current fiscal year.
When trading started on Thursday, the price of an individual share of LCII stock was $102.64.
The ratio of the current ratio to the quick ratio is 0.86, and the ratio of the current ratio to the quick ratio is 3.30.
The ratio of debt to equity is 0.79%.
The current price of LCI Industries represents a one-year high of $139.89, while the current price represents a one-year low of $89.28.
The stock has a P/E ratio of 6.63 and a beta value of 1.46; combined, these metrics result in a market value of $2.58 billion.
The company’s moving average price over the past 200 days is $104.95, while the moving average price over the last 50 days is $110.93.
There have been numerous additional analysts that have contributed their writings on the stock. Robert W.
Baird increased their target price on LCI Industries from $120.00 to $130.00 and rated the stock as “outperforming” in a research report published on Wednesday, February 15.
In a research note published on February 15, Roth MKM lowered their price objective for LCI Industries from $137.00 to $114.00, changing the company’s rating from “buy” to “neutral.” These actions were taken in response to the company’s recent performance.
The price target that Truist Financial has established for LCI Industries has increased from $125.00 to $130.00, as stated in a report released on Friday, February 17. Jefferies Financial Group changed its recommendation for LCI Industries from a “buy” rating to a “hold” rating in a public research report on Friday, January 20.
The report was made available to the general public.
In addition, the price target they had established for the company was lowered from $120.00 to $95.00. Roth Capital reaffirmed its “buy” rating on shares of LCI Industries and set a price objective of $114.00 in a research note published on Wednesday, February 15.
Previously, they had put the price objective at $137.00.
The opinions of four financial analysts indicate that investors should “buy” the stock, while the recommendations of four more analysts indicate that investors should “hold” the stock.
According to Bloomberg.com, the average recommendation for the company’s stock is a “Moderate Buy,” and the current consensus target price for the company’s stock is $118.14.
The average target price for the company’s stock is $118.14.
In recent months, several institutional investors, including hedge funds, have made adjustments to or reduced the amount of LCII stock they own. One of these institutional investors was LCII. Raymond James Trust National Association increased the amount of LCI Industries stock owned by 2.8% over the year’s first three months. Following the acquisition of 94 additional shares during the most recent fiscal quarter, Raymond James Trust N.A. now