Citigroup Cuts Loar (NYSE:LOAR) Price Target to $81.00

Loar (NYSE:LOAR) had its price objective trimmed by Citigroup from $87.00 to $81.00 in a report issued on Thursday,Benzinga reports. The firm currently has a buy rating on the stock.

LOAR has been the subject of a number of other research reports. The Goldman Sachs Group started coverage on Loar in a report on Tuesday, November 25th. They set a “buy” rating and a $91.00 target price for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Loar in a research report on Monday, December 29th. Morgan Stanley cut their price objective on shares of Loar from $100.00 to $97.00 and set an “overweight” rating for the company in a report on Thursday, November 13th. Wall Street Zen lowered shares of Loar from a “buy” rating to a “hold” rating in a research report on Saturday, January 3rd. Finally, Zacks Research raised shares of Loar from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 16th. One investment 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 company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $90.25.

Loar Trading Up 0.8%

Shares of NYSE:LOAR opened at $65.55 on Thursday. Loar has a 12-month low of $62.10 and a 12-month high of $99.67. The stock has a market cap of $6.14 billion, a PE ratio of 99.32 and a beta of 0.37. The business has a 50 day moving average of $69.69 and a 200-day moving average of $72.91. The company has a quick ratio of 3.81, a current ratio of 5.92 and a debt-to-equity ratio of 0.24.

Loar (NYSE:LOAR) last announced its earnings results 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 for the quarter, compared to analyst estimates of $126.80 million. Loar had a return on equity of 6.45% and a net margin of 13.33%.The firm’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same quarter last year, the company 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. As a group, equities research analysts forecast that Loar will post 0.28 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Rakuten Securities Inc. acquired a new stake in shares of Loar in the 2nd quarter valued at $27,000. Fifth Third Bancorp bought a new stake in shares of Loar during the 4th quarter worth $28,000. PNC Financial Services Group Inc. boosted its stake in Loar by 390.1% in the second quarter. PNC Financial Services Group Inc. now owns 348 shares of the company’s stock valued at $30,000 after buying an additional 277 shares in the last quarter. Farther Finance Advisors LLC grew its position in Loar by 8,383.3% in the third quarter. Farther Finance Advisors LLC now owns 509 shares of the company’s stock valued at $41,000 after acquiring an additional 503 shares during the last quarter. Finally, Danske Bank A S acquired a new position in Loar during the fourth quarter worth about $62,000.

Loar Company Profile

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.