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

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

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

Loar Stock Performance

LOAR stock traded down $2.13 during midday trading on Thursday, reaching $64.94. The company had a trading volume of 987,994 shares, compared to its average volume of 685,870. The firm has a market capitalization of $6.08 billion, a PE ratio of 98.39 and a beta of 0.37. The stock has a 50 day moving average price of $69.81 and a 200 day moving average price of $73.04. Loar has a fifty-two week low of $62.10 and a fifty-two week high of $99.67. The company has a quick ratio of 3.81, a current ratio of 5.92 and a debt-to-equity ratio of 0.24.

Loar (NYSE:LOAR) last announced its quarterly earnings results on Wednesday, November 12th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.13. Loar had a return on equity of 6.45% and a net margin of 13.33%.The business had revenue of $126.75 million for the quarter, compared to the consensus estimate of $126.80 million. During the same quarter last year, the business posted $0.15 EPS. The business’s revenue was up 22.5% on a year-over-year basis. Loar has set its FY 2026 guidance at 0.980-1.03 EPS and its FY 2025 guidance at 0.930-0.980 EPS. Analysts anticipate that Loar will post 0.28 earnings per share for the current year.

Institutional Trading of Loar

A number of institutional investors have recently made changes to their positions in LOAR. Rakuten Securities Inc. acquired a new position in shares of Loar during the second quarter valued at approximately $27,000. Fifth Third Bancorp acquired a new stake in Loar in the fourth quarter worth approximately $28,000. PNC Financial Services Group Inc. boosted its stake in Loar by 390.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 348 shares of the company’s stock valued at $30,000 after purchasing an additional 277 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in Loar by 8,383.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 509 shares of the company’s stock valued at $41,000 after purchasing an additional 503 shares in the last quarter. Finally, Danske Bank A S acquired a new position in shares of Loar during the 4th 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.