LSI Industries (NASDAQ:LYTS) Rating Increased to Buy at Zacks Investment Research

LSI Industries (NASDAQ:LYTSGet Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Friday, Zacks.com reports. The firm presently has a $8.50 price target on the construction company’s stock. Zacks Investment Research‘s target price suggests a potential upside of 13.94% from the stock’s previous close.

According to Zacks, “LSI Industries is an Image Solutions company, combining integrated design, manufacturing, & technology to supply its own high quality lighting fixtures and graphics elements for applications in the retail, specialty niche, & commercial markets. The Company’s Lighting Segment produces high performance products dedicated to the outdoor, architectural outdoor, indoor, architectural indoor and accent/downlight markets. The Graphics Segment provides a vast array of products and services including signage, menu board systems, active digital signage, decorative fixturing, design support, engineering & project management for custom programs for today’s retail environment. The Company’s Technology Segment develops and designs high performance light engines, digital signage and other products using LED lighting technology, including large format LED video screens for the entertainment & sports markets. LSI’s major markets are the petroleum convenience store multisite retail & the commercial industrial lighting markets. “

Several other research analysts have also recently weighed in on LYTS. HC Wainwright restated a “buy” rating on shares of LSI Industries in a research note on Friday, January 28th. Canaccord Genuity Group boosted their price target on LSI Industries from $10.00 to $13.00 and gave the stock a “buy” rating in a research note on Friday, January 28th. Canaccord Genuity Group upped their price objective on LSI Industries from $10.00 to $13.00 and gave the company a “buy” rating in a research report on Friday, January 28th. Finally, StockNews.com assumed coverage on LSI Industries in a research report on Tuesday, April 19th. They set a “buy” rating for the company. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $12.75.

LYTS stock opened at $7.46 on Friday. LSI Industries has a 1-year low of $5.71 and a 1-year high of $9.81. The business has a fifty day moving average price of $6.37 and a 200-day moving average price of $6.87. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.16 and a quick ratio of 1.10. The stock has a market capitalization of $198.75 million, a P/E ratio of 20.72, a P/E/G ratio of 0.70 and a beta of 1.34.

LSI Industries (NASDAQ:LYTSGet Rating) last posted its quarterly earnings results on Thursday, April 28th. The construction company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.09. LSI Industries had a return on equity of 10.03% and a net margin of 2.37%. During the same period in the previous year, the company earned $0.06 earnings per share. As a group, analysts anticipate that LSI Industries will post 0.44 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC increased its position in LSI Industries by 0.6% in the third quarter. Geode Capital Management LLC now owns 226,770 shares of the construction company’s stock worth $1,757,000 after buying an additional 1,302 shares in the last quarter. Invesco Ltd. boosted its stake in shares of LSI Industries by 3.6% in the third quarter. Invesco Ltd. now owns 40,195 shares of the construction company’s stock worth $312,000 after acquiring an additional 1,404 shares during the period. Victory Capital Management Inc. boosted its stake in shares of LSI Industries by 15.2% in the fourth quarter. Victory Capital Management Inc. now owns 11,548 shares of the construction company’s stock worth $79,000 after acquiring an additional 1,526 shares during the period. Raymond James & Associates boosted its stake in shares of LSI Industries by 7.8% in the third quarter. Raymond James & Associates now owns 27,522 shares of the construction company’s stock worth $213,000 after acquiring an additional 2,000 shares during the period. Finally, JBF Capital Inc. boosted its stake in shares of LSI Industries by 7.0% in the fourth quarter. JBF Capital Inc. now owns 45,900 shares of the construction company’s stock worth $315,000 after acquiring an additional 3,000 shares during the period. Institutional investors and hedge funds own 63.96% of the company’s stock.

About LSI Industries (Get Rating)

LSI Industries Inc manufactures and sells non-residential lighting and retail display solutions in the United States, Canada, Mexico, Australia, and Latin America. It operates in two segments, Lighting and Display Solutions. The Lighting segment manufactures, markets, and sells non-residential outdoor and indoor lighting solutions.

Read More

Get a free copy of the Zacks research report on LSI Industries (LYTS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for LSI Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LSI Industries and related companies with MarketBeat.com's FREE daily email newsletter.