LKQ Stock Rating Reaffirmed by Deutsche Bank (LKQ)
Deutsche Bank reissued their hold rating on shares of LKQ (NYSE: LKQ) in a research report released on Friday morning. Deutsche Bank currently has a $20.00 price target on the stock, up from their previous price target of $18.50.
“Organic growth in Q4 and within 2013 guidance lower-than-expected. LKQ reported 4Q12 EPS of $0.21 vs DBe / consensus of $0.23. Organic growth of 8% (which included an approx 5.5 point contribution from European Car Parts) was lower-than-expected, leading to weaker-than-expected incremental EBIT margin (9.5% vs consensus of 15%), as operating expenses grew more than expected, leading to the EPS underperformance vs consensus. 2013 EPS guidance of $1.00 – $1.09 was somewhat weak vs consensus of $1.09 and we believe 5.5%-7.5% organic growth guidance (vs 6.0% in FY2012) was disappointing given the expected full-year benefit from ECP (which grew 34% organically in Q4).,” the firm’s analyst wrote.
LKQ opened at 20.66 on Friday. LKQ has a 52-week low of $14.625 and a 52-week high of $23.99. The stock’s 50-day moving average is currently $22.66. The company has a market cap of $6.153 billion and a price-to-earnings ratio of 23.75.
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