Citigroup Issues Pessimistic Forecast for Loar (NYSE:LOAR) Stock Price

Loar (NYSE:LOAR) had its price objective dropped by Citigroup from $87.00 to $81.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s target price suggests a potential upside of 23.57% from the company’s current price.

Other equities analysts have also issued reports about the stock. Zacks Research raised shares of Loar from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 16th. Wall Street Zen cut Loar from a “buy” rating to a “hold” rating in a research report on Saturday, January 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Loar in a report on Monday, December 29th. The Goldman Sachs Group assumed coverage on Loar in a research report on Tuesday, November 25th. They issued a “buy” rating and a $91.00 price target for the company. Finally, Morgan Stanley dropped their price objective on Loar from $100.00 to $97.00 and set an “overweight” rating on the stock in a research report on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $90.25.

Loar Price Performance

LOAR opened at $65.55 on Thursday. The company has a market capitalization of $6.14 billion, a price-to-earnings ratio of 99.32 and a beta of 0.37. The company has a current ratio of 5.92, a quick ratio of 3.81 and a debt-to-equity ratio of 0.24. Loar has a 12-month low of $62.10 and a 12-month high of $99.67. The business’s fifty day simple moving average is $69.69 and its 200-day simple moving average is $72.92.

Loar (NYSE:LOAR) last released its quarterly earnings data on Wednesday, November 12th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.13. The company had revenue of $126.75 million during the quarter, compared to analyst estimates of $126.80 million. Loar had a net margin of 13.33% and a return on equity of 6.45%. The firm’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.15 earnings per share. Loar has set its FY 2026 guidance at 0.980-1.03 EPS and its FY 2025 guidance at 0.930-0.980 EPS. On average, equities research analysts anticipate that Loar will post 0.28 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Capital International Investors raised its stake in Loar by 909.3% in the third quarter. Capital International Investors now owns 4,461,517 shares of the company’s stock valued at $356,921,000 after buying an additional 4,019,489 shares during the last quarter. Wasatch Advisors LP increased its holdings in shares of Loar by 290.9% during the second quarter. Wasatch Advisors LP now owns 2,624,649 shares of the company’s stock valued at $226,166,000 after acquiring an additional 1,953,148 shares in the last quarter. Marshall Wace LLP raised its position in shares of Loar by 2,104.8% in the 2nd quarter. Marshall Wace LLP now owns 1,386,318 shares of the company’s stock valued at $119,459,000 after purchasing an additional 1,323,442 shares during the last quarter. Bamco Inc. NY boosted its stake in Loar by 165.2% in the 3rd quarter. Bamco Inc. NY now owns 1,809,099 shares of the company’s stock worth $144,728,000 after purchasing an additional 1,127,033 shares in the last quarter. Finally, UBS Group AG boosted its stake in Loar by 266.0% in the 4th quarter. UBS Group AG now owns 1,276,780 shares of the company’s stock worth $86,821,000 after purchasing an additional 927,908 shares in the last quarter.

About Loar

Loar Holdings Inc, through its subsidiaries, designs, manufactures, and markets aerospace and defense components for aircraft, and aerospace and defense systems in the United States and internationally. It offers products in various categories, which include airframe components, structural components, avionics, composites, braking system components, de-ice and ice protection, electro-mechanical, engineered materials, flight controls, fluid and motion controls, environmental, metal forming, molded components, and restraints and safety devices.