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

Loar (NYSE:LOAR) had its target price lowered by analysts at Citigroup from $87.00 to $81.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price objective points to a potential upside of 24.74% from the company’s previous close.

A number of other research firms have also issued reports on LOAR. The Goldman Sachs Group assumed coverage on shares of Loar in a research note on Tuesday, November 25th. They set a “buy” rating and a $91.00 price objective on the stock. Wall Street Zen downgraded shares of Loar from a “buy” rating to a “hold” rating in a research note on Saturday, January 3rd. Zacks Research raised shares of Loar from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 16th. Weiss Ratings restated a “hold (c)” rating on shares of Loar in a research note on Monday, December 29th. Finally, Morgan Stanley dropped their target price on Loar from $100.00 to $97.00 and set an “overweight” rating on the stock in a research report on Thursday, November 13th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $90.25.

Loar Stock Down 3.2%

NYSE:LOAR traded down $2.13 during mid-day trading on Thursday, hitting $64.94. The company had a trading volume of 987,994 shares, compared to its average volume of 685,870. The business has a fifty day simple moving average of $69.81 and a 200-day simple moving average of $73.04. The firm has a market capitalization of $6.08 billion, a price-to-earnings ratio of 98.39 and a beta of 0.37. Loar has a 1 year low of $62.10 and a 1 year high of $99.67. The company has a current ratio of 5.92, a quick ratio of 3.81 and a debt-to-equity ratio of 0.24.

Loar (NYSE:LOAR) last issued its earnings results on Wednesday, November 12th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.13. The company had revenue of $126.75 million during the quarter, compared to the consensus estimate of $126.80 million. Loar had a return on equity of 6.45% and a net margin of 13.33%.The company’s revenue was up 22.5% compared to the same quarter last year. During the same quarter in the prior year, the business 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. Equities analysts forecast that Loar will post 0.28 earnings per share for the current fiscal year.

Institutional Trading of Loar

Several hedge funds and other institutional investors have recently bought and sold shares of LOAR. Rakuten Securities Inc. acquired a new position in shares of Loar in the 2nd quarter worth approximately $27,000. PNC Financial Services Group Inc. lifted its stake in Loar by 390.1% during the second quarter. PNC Financial Services Group Inc. now owns 348 shares of the company’s stock worth $30,000 after purchasing an additional 277 shares during the last quarter. Fifth Third Bancorp acquired a new position in Loar in the fourth quarter worth $28,000. Farther Finance Advisors LLC increased its stake in Loar by 8,383.3% during the third quarter. Farther Finance Advisors LLC now owns 509 shares of the company’s stock valued at $41,000 after purchasing an additional 503 shares during the last quarter. Finally, Danske Bank A S bought a new stake in Loar during the fourth quarter valued at $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.