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LKQ

LKQ Corp.

$25.68

-1.32 (-4.89%)

06:09
10/25/18
10/25
06:09
10/25/18
06:09

LKQ Corp. cuts FY18 cash flow from operations to $610M-$660M from $660M-$710M

Cuts FY18 CapEx view to $240M-$260M from $255M-$285M.

  • 25

    Oct

  • 06

    Nov

  • 13

    Dec

LKQ LKQ Corp.
$25.68

-1.32 (-4.89%)

05/30/18
RHCO
05/30/18
INITIATION
Target $40
RHCO
Buy
LKQ Corp. initiated with a Buy at SunTrust
As reported earlier, SunTrust analyst Stephanie Benjamin initiated LKQ with a Buy rating and a price target of $40. The analyst notes that the stock price is down about 20% over the last month, trading at its lowest multiple in over 5 years, while its estimates do not reflect the accretion from its pending acquisition. Benjamin also points to the company's leading market position at 20-times the size of its closes US competitor and 3-time the size of closest competitor in Europe. The analyst expects the upcoming May 31st analyst day to provide a positive catalyst for the stock, highlighting that its Q1 issues were transitional rather than structural and convincing investors that the outsized selloff was not warranted.
05/30/18
05/30/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Angi Homeservices (ANGI) initiated with a Buy at Deutsche Bank. 2. Aslan Pharmaceuticals (ASLN) initiated with an Overweight at Piper Jaffray. 3. Atlassian (TEAM) initiated with a Neutral at BofA/Merrill. 4. Inphi (IPHI) initiated with an Overweight at Barclays. 5. LKQ Corp. (LKQ) initiated with a Buy at SunTrust. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
05/31/18
WLSD
05/31/18
UPGRADE
WLSD
Buy
LKQ Corp. upgraded to Buy from Gradually Accumulate at Wellington Shields
09/26/18
JEFF
09/26/18
NO CHANGE
Target $40
JEFF
Buy
LKQ Corp. shares undervalued at current levels, says Jefferies
Jefferies analyst Bret Jordan says that while LKQ's business model has become "increasingly complex" after numerous acquisitions, its underlying businesses remain attractive. LKQ is undervalued as execution concerns following the Q1 and complexity has weighed on the valuation, Jordan tells investors in a research note. He believes improved Europe segment margins will drive multiple expansion and keeps a Buy rating on LKQ Corp. with a $40 price target.

TODAY'S FREE FLY STORIES

CPF

Central Pacific

$28.49

-0.13 (-0.45%)

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AEL

American Equity

$27.51

0.3 (1.10%)

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American Equity director Debra Richardson sells almost $2.2M in company shares »

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SEE

Sealed Air

$43.68

-0.13 (-0.30%)

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SEE

Sealed Air

$43.68

-0.13 (-0.30%)

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AJRD

Aerojet Rocketdyne

$43.01

1.49 (3.59%)

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SEE

Sealed Air

$43.68

-0.13 (-0.30%)

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BBU

Brookfield Business Partners

$41.25

1.28 (3.20%)

, BAM

Brookfield

$48.38

0.29 (0.60%)

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BBU

Brookfield Business Partners

$41.25

1.28 (3.20%)

BAM

Brookfield

$48.38

0.29 (0.60%)

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  • 08

    Aug

AXLA

Axcella

$10.39

0.27 (2.67%)

17:13
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Earnings
Axcella reports Q1 EPS ($2.43), consensus (49c) »

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LKSD

LSC Communications

$5.83

0.07 (1.22%)

17:11
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QUAD

Quad/Graphics

$9.75

0.09 (0.93%)

, LKSD

LSC Communications

$5.83

0.07 (1.22%)

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QUAD

Quad/Graphics

$9.75

0.09 (0.93%)

LKSD

LSC Communications

$5.83

0.07 (1.22%)

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SFM

Sprouts Farmers Market

$19.52

0.14 (0.72%)

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  • 13

    Nov

NAKD

Naked Brand Group

$0.27

0.0025 (0.93%)

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Syndicate
Breaking Syndicate news story on Naked Brand Group »

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HPQ

HP Inc.

$20.85

0.22 (1.07%)

16:57
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HP Inc. General Counsel sells 20K shares of common stock »

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  • 28

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CPT

Camden Property

$107.61

0.57 (0.53%)

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Camden Property COO sells 16.2K shares of common stock »

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COMM

CommScope

$16.00

0.38 (2.43%)

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CommScope's distributed antenna system patents upheld in favorable ruling »

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  • 21

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INVH

Invitation Homes

$27.68

-0.07 (-0.25%)

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EGY

VAALCO Energy

$1.55

0.03 (1.97%)

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ENTG

Entegris

$38.50

1.36 (3.66%)

, INTC

Intel

$47.16

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ENTG

Entegris

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INTC

Intel

$47.16

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TSM

TSMC

$40.52

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LH

LabCorp

$168.01

-1.54 (-0.91%)

16:37
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Upgrade
LabCorp rating change at Deutsche Bank »

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  • 20

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FNKO

Funko

$24.25

2.02 (9.09%)

16:35
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Initiation
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  • 25

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HSIC

Henry Schein

$70.96

-1.06 (-1.47%)

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CTRV

ContraVir Pharmaceuticals

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MTX

Minerals Technologies

$59.21

0.34 (0.58%)

16:31
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