Market experts price target for LKQ Corporation (NASDAQ:LKQ) stock is $39.60. First Call has projected EPS at $0.51 for next quarter and $1.81 for this year.
Technical View
The review of LKQ Corporation shows that the 50-day MA of LKQ Corporation (NASDAQ:LKQ) stock is $33.73, and is trading $-1.84 points away or -5.46% from 50-day MA of $33.73. It is trading $-1.69 or -5.04% off 200-day MA of $33.58. MA should be taken for moving average.
LKQ Corporation (NASDAQ:LKQ) 52-week high was $36.35 while $23.95 is the low hit during same period. LKQ Corporation shares gain over $-4.46 will lead 52-week high or if it plummets +33.15%, it will smash new low of 52-weeks.
Technical reading is a trading arrangement used to assess securities and work to estimate their movement by analysing statistics collected from diverse trading activity, which may comprise, volume and price study. Unlike fundamental specialists who weighs security’s intrinsic value, technical analysts’ emphasis remains on prices logged on charts. They follow securities movement and predict future prices.
Technical analysts study past trading behavior and price fluctuations of an equity for the assessment process over the intrinsic value. The basis of recommendations is purely chart study, and not fundamental analysis. Study on technical factors was launched following the Dow Theory and its concepts.
LKQ Corporation (NASDAQ:LKQ) P/E ratio is 20.84 while PEG ratio is at 0.64. LKQ Corporation stock recorded a close of $31.89 in last trading session, which gets it market cap to $9.81B.
Price-earning (P/E) ratio is used by fundamental analysts while making investment calls. These calls can be referred by many investors. It is a ratio between the earnings per share and market price. The ratio shows the market price of a stock vis-a-vis its earnings.
As per one perspective, investors look for the stocks with a lower P/E ratio as there are probabilities of higher appreciation.