Shares of Littelfuse, Inc. (NASDAQ:LFUS) have been assigned an average recommendation of “Hold” from the eight brokerages that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $197.00.
LFUS has been the subject of several research reports. Zacks Investment Research downgraded shares of Littelfuse from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Robert W. Baird reiterated a “buy” rating and issued a $202.00 target price on shares of Littelfuse in a report on Tuesday, September 5th. BidaskClub downgraded shares of Littelfuse from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Stifel Nicolaus reiterated a “hold” rating and issued a $175.00 target price (up previously from $165.00) on shares of Littelfuse in a report on Friday, July 21st. Finally, Oppenheimer Holdings, Inc. lifted their target price on shares of Littelfuse from $185.00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday, July 19th.
COPYRIGHT VIOLATION NOTICE: This story was reported by Stock Observer and is owned by of Stock Observer. If you are accessing this story on another domain, it was illegally stolen and republished in violation of international trademark & copyright legislation. The original version of this story can be viewed at https://www.thestockobserver.com/2017/10/12/brokerages-set-littelfuse-inc-lfus-target-price-at-197-00.html.
Several large investors have recently bought and sold shares of LFUS. Bank of Montreal Can grew its stake in shares of Littelfuse by 15.1% in the second quarter. Bank of Montreal Can now owns 649 shares of the technology company’s stock worth $107,000 after acquiring an additional 85 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its stake in shares of Littelfuse by 16.3% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 677 shares of the technology company’s stock worth $112,000 after acquiring an additional 95 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Littelfuse by 8.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 900 shares of the technology company’s stock worth $149,000 after acquiring an additional 72 shares in the last quarter. Advisor Group Inc. grew its stake in shares of Littelfuse by 4.6% in the second quarter. Advisor Group Inc. now owns 1,225 shares of the technology company’s stock worth $187,000 after acquiring an additional 54 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in shares of Littelfuse by 63.6% in the second quarter. Royal Bank of Canada now owns 1,178 shares of the technology company’s stock worth $194,000 after acquiring an additional 458 shares in the last quarter. Institutional investors and hedge funds own 95.57% of the company’s stock.
Shares of Littelfuse (NASDAQ:LFUS) traded up 1.38% on Friday, reaching $209.04. The company had a trading volume of 121,486 shares. The stock has a market capitalization of $4.75 billion, a P/E ratio of 32.90 and a beta of 0.95. Littelfuse has a 1-year low of $124.32 and a 1-year high of $209.85. The company’s 50 day moving average price is $189.37 and its 200-day moving average price is $172.42.
Littelfuse (NASDAQ:LFUS) last posted its earnings results on Wednesday, August 2nd. The technology company reported $2.10 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $2.10. Littelfuse had a net margin of 12.51% and a return on equity of 19.67%. The firm had revenue of $313.36 million during the quarter, compared to the consensus estimate of $312.97 million. During the same quarter last year, the firm earned $1.44 EPS. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. Equities analysts predict that Littelfuse will post $7.74 EPS for the current year.
Littelfuse, Inc is a supplier of circuit protection products for the electronics, automotive and industrial markets. The Company operates through three segments. The Electronics segment provides circuit protection components for overcurrent and overvoltage protection, as well as sensor components and modules to manufacturers of a range of electronic products.
Receive News & Ratings for Littelfuse Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Littelfuse Inc. and related companies with MarketBeat.com's FREE daily email newsletter.