Media stories about Lithia Motors (NYSE:LAD) have been trending somewhat positive on Thursday, Accern reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Lithia Motors earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 46.8394542560573 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
LAD has been the topic of a number of recent analyst reports. Stephens reaffirmed a “buy” rating on shares of Lithia Motors in a research note on Thursday, February 15th. Buckingham Research cut their price target on shares of Lithia Motors from $137.00 to $131.00 and set a “buy” rating on the stock in a research note on Thursday, February 15th. Zacks Investment Research downgraded shares of Lithia Motors from a “buy” rating to a “hold” rating in a research note on Monday, March 12th. Bank of America raised shares of Lithia Motors from an “underperform” rating to a “neutral” rating and set a $128.00 price target on the stock in a research note on Monday, January 8th. Finally, Morgan Stanley increased their price target on shares of Lithia Motors from $116.00 to $126.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 14th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $129.29.
Lithia Motors stock opened at $102.16 on Thursday. Lithia Motors has a one year low of $80.88 and a one year high of $127.99. The company has a quick ratio of 0.28, a current ratio of 1.21 and a debt-to-equity ratio of 0.95. The company has a market cap of $2,623.10, a price-to-earnings ratio of 10.47, a PEG ratio of 0.50 and a beta of 1.78.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Thursday, March 8th. Lithia Motors’s dividend payout ratio is presently 11.07%.
In other news, Director Kenneth E. Roberts sold 5,000 shares of the firm’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $124.00, for a total value of $620,000.00. Following the transaction, the director now owns 110,064 shares of the company’s stock, valued at approximately $13,647,936. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 5.95% of the company’s stock.
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Lithia Motors Company Profile
Lithia Motors, Inc is an operator of automotive franchises and a retailer of new and used vehicles and related services. As of February 28, 2017, it offered 30 brands of new vehicles and all brands of used vehicles in 154 stores in the United States and online at Lithia.com, DCHauto.com and CarboneCars.com.
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