Lithia Motors (NYSE:LAD) Given New $198.00 Price Target at Morgan Stanley

Lithia Motors (NYSE:LADGet Rating) had its target price cut by Morgan Stanley from $200.00 to $198.00 in a research report sent to investors on Tuesday morning, Benzinga reports. They currently have an underweight rating on the stock.

A number of other research firms also recently weighed in on LAD. Wells Fargo & Company downgraded Lithia Motors from an overweight rating to an equal weight rating and increased their price target for the company from $212.00 to $233.00 in a research note on Friday, January 13th. Guggenheim decreased their price objective on Lithia Motors to $358.00 in a report on Thursday, October 13th. StockNews.com initiated coverage on Lithia Motors in a report on Wednesday, October 12th. They set a hold rating for the company. JPMorgan Chase & Co. reduced their price target on Lithia Motors from $325.00 to $285.00 and set an overweight rating for the company in a report on Thursday, October 6th. Finally, TheStreet downgraded shares of Lithia Motors from a b rating to a c+ rating in a research report on Friday, September 30th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $301.56.

Lithia Motors Price Performance

Shares of NYSE:LAD opened at $233.17 on Tuesday. Lithia Motors has a fifty-two week low of $180.00 and a fifty-two week high of $349.61. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.66 and a quick ratio of 0.49. The stock has a market capitalization of $6.37 billion, a P/E ratio of 5.22, a P/E/G ratio of 5.67 and a beta of 1.39. The business has a 50-day moving average of $219.90 and a two-hundred day moving average of $235.99.

Lithia Motors (NYSE:LADGet Rating) last posted its quarterly earnings results on Wednesday, October 19th. The company reported $11.08 EPS for the quarter, missing the consensus estimate of $11.91 by ($0.83). The firm had revenue of $7.30 billion during the quarter, compared to analyst estimates of $7.34 billion. Lithia Motors had a net margin of 4.70% and a return on equity of 28.20%. The company’s revenue was up 18.2% on a year-over-year basis. During the same period last year, the company earned $11.21 EPS. On average, equities research analysts predict that Lithia Motors will post 45.55 EPS for the current fiscal year.

Institutional Trading of Lithia Motors

Several institutional investors and hedge funds have recently bought and sold shares of LAD. BTC Capital Management Inc. grew its holdings in Lithia Motors by 4.3% in the 2nd quarter. BTC Capital Management Inc. now owns 1,171 shares of the company’s stock worth $323,000 after acquiring an additional 48 shares during the last quarter. Eqis Capital Management Inc. lifted its position in Lithia Motors by 7.7% during the 3rd quarter. Eqis Capital Management Inc. now owns 975 shares of the company’s stock valued at $209,000 after acquiring an additional 70 shares during the period. Campbell Newman Asset Management Inc. raised its holdings in Lithia Motors by 2.4% in the third quarter. Campbell Newman Asset Management Inc. now owns 3,032 shares of the company’s stock worth $651,000 after buying an additional 72 shares during the last quarter. Sumitomo Life Insurance Co. raised its holdings in Lithia Motors by 1.4% in the second quarter. Sumitomo Life Insurance Co. now owns 5,682 shares of the company’s stock worth $1,561,000 after buying an additional 77 shares during the last quarter. Finally, D.A. Davidson & CO. grew its stake in shares of Lithia Motors by 5.8% in the third quarter. D.A. Davidson & CO. now owns 1,464 shares of the company’s stock worth $314,000 after acquiring an additional 80 shares during the period. 98.21% of the stock is currently owned by hedge funds and other institutional investors.

Lithia Motors Company Profile

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Lithia Motors, Inc operates as an automotive retailer in the United States. The company operates through three segments: Domestic, Import, and Luxury. It offers new and used vehicles; vehicle financing services; warranties, insurance contracts, and vehicle and theft protection services; and automotive repair and maintenance services, as well as sells vehicle body and parts under the Driveway and GreenCars brand names.

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Analyst Recommendations for Lithia Motors (NYSE:LAD)

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