Analyst Price Target Update on LKQ Corporation (NASDAQ:LKQ)

LKQ Corporation (NASDAQ:LKQ): 8 analysts have set the short term price target of LKQ Corporation (NASDAQ:LKQ) at $38.19. The standard deviation of short term price target has been estimated at $2, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 40 and $36 respectively.

Many analysts have stated their opinion on the company shares. Brokerage firm Baird maintains its rating on LKQ Corporation (NASDAQ:LKQ). As per the latest information, the brokerage house raises the price target to $36 per share from a prior target of $34. The shares have been rated Outperform. The rating by the firm was issued on March 22, 2016. For this week, the average consensus of the company shares are rated as a Strong Buy.

On the companys insider trading activities, The Securities and Exchange Commission has divulged that Wagman Robert L, (President and CEO) of Lkq Corp, had unloaded 10,000 shares at an average price of $33.04 in a transaction dated on June 2, 2016. The total value of the transaction was worth $330,400.

LKQ Corporation (NASDAQ:LKQ) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.09 points or 0.28% at $32.14 with 1,589,948 shares getting traded. Post opening the session at $32.22, the shares hit an intraday low of $32 and an intraday high of $32.445 and the price was in this range throughout the day. The company has a market cap of $9,857 million and the number of outstanding shares have been calculated to be 306,679,080 shares. The 52-week high of LKQ Corporation (NASDAQ:LKQ) is $34.26 and the 52-week low is $23.95.

LKQ Corporation is a distributor of vehicle products, including replacement parts, components and systems used in the repair and maintenance of vehicles, as well as specialty vehicle products and accessories. The company distributes a variety of products to collision and mechanical repair shops, including aftermarket collision and mechanical products, recycled collision and mechanical products, refurbished collision products such as wheels, bumper covers and lights, and remanufactured engines. It is a provider of alternative vehicle collision replacement products and alternative vehicle mechanical replacement products, with its sales, processing, and distribution facilities reaching markets in the United States and Canada. It also provides alternative vehicle replacement and maintenance products in the United Kingdom and the Benelux region of continental Europe. The Company is organized into four segments: Wholesale – North America; Wholesale – Europe; Self Service, and Specialty.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *