Robert W. Baird Gives Outperform Rating to Liquidity Services (LQDT)
Liquidity Services opened at 64.17 on Friday. Liquidity Services has a 52-week low of $18.28 and a 52-week high of $56.41. The company has a market cap of $1.994 billion and a price-to-earnings ratio of 67.83.
Liquidity Services last posted its quarterly earnings results on Thursday, May 3rd. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.17. Analysts expect that Liquidity Services will post $0.31 EPS next quarter.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital (NYSE: RY) reiterated an “outperform” rating on shares of Liquidity Services in a research note to investors on Friday. Separately, analysts at Stifel Nicolaus raised their price target on shares of Liquidity Services to $72.00 in a research note to investors on Friday. Finally, analysts at Oppenheimer (NYSE: OPY) raised their price target on shares of Liquidity Services from $57.00 to $72.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock.
Liquidity Services, Inc. is an auction marketplace for surplus and salvage assets. The Company enables buyers and sellers to transact in an automated online auction environment offering over 500 product categories.