In a report released today, Rick Nelson from Stephens reiterated a Hold rating on Lithia Motors (NYSE: LAD), with a price target of $95. The company’s shares opened today at $86.36, close to its 52-week low of $78.85.
According to TipRanks.com, Nelson is a 4-star analyst with an average return of 17.7% and a 65.5% success rate. Nelson covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Camping World Holdings, and Dick’s Sporting Goods.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lithia Motors with a $94.50 average price target.
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Lithia Motors’ market cap is currently $2.12B and has a P/E ratio of 8.57. The company has a Price to Book ratio of 1.83.
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock.
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Lithia Motors, Inc. engages in the operation of automotive franchises and retail of new and used vehicles. It operates through the following segments: Domestic, Import, and Luxury. The Domestic segment comprises of retail automotive franchises that sell new vehicles manufactured by Chrysler, General Motors, and Ford.
