Citigroup Increases Loar (NYSE:LOAR) Price Target to $83.00

Loar (NYSE:LOAR) had its target price lifted by research analysts at Citigroup from $81.00 to $83.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price target would indicate a potential upside of 14.29% from the company’s previous close.

Several other brokerages also recently issued reports on LOAR. The Goldman Sachs Group reiterated a “buy” rating and issued a $98.00 target price on shares of Loar in a research note on Thursday, February 26th. Wall Street Zen lowered shares of Loar from a “buy” rating to a “hold” rating in a report on Saturday. Morgan Stanley lowered 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. Weiss Ratings reissued a “hold (c)” rating on shares of Loar in a research report on Monday, December 29th. Finally, Royal Bank Of Canada reduced their price target on shares of Loar from $92.00 to $90.00 and set an “outperform” rating for the company in a research note on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $92.00.

Loar Stock Performance

Shares of LOAR stock opened at $72.62 on Monday. The company’s fifty day moving average price is $69.21 and its 200-day moving average price is $72.39. The stock has a market cap of $6.80 billion, a PE ratio of 96.83 and a beta of 0.34. 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.

Loar (NYSE:LOAR) last released its earnings results on Thursday, February 26th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.07. Loar had a net margin of 14.54% and a return on equity of 7.62%. The firm had revenue of $131.75 million during the quarter, compared to analyst estimates of $128.00 million. During the same period last year, the business earned $0.11 earnings per share. The business’s revenue was up 19.3% on a year-over-year basis. Loar has set its FY 2026 guidance at 0.760-0.800 EPS. On average, equities analysts expect that Loar will post 0.28 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Rakuten Securities Inc. bought a new position in Loar in the 2nd quarter worth $27,000. Fifth Third Bancorp bought a new stake in Loar in the 4th quarter valued at $28,000. PNC Financial Services Group Inc. boosted its holdings in shares of Loar by 390.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 348 shares of the company’s stock valued at $30,000 after purchasing an additional 277 shares during the last quarter. Sunbelt Securities Inc. boosted its holdings in shares of Loar by 238.3% during the 4th quarter. Sunbelt Securities Inc. now owns 592 shares of the company’s stock valued at $40,000 after purchasing an additional 417 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in shares of Loar by 8,383.3% during the third quarter. Farther Finance Advisors LLC now owns 509 shares of the company’s stock valued at $41,000 after purchasing an additional 503 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.