Recently, shares of LCI Industries (Symbol: LCII) have traded above the average analyst 12-month target price of $112.25, reaching $113.07 per share. When a stock hits its target price, analysts typically choose between two reactions: a downgrade due to valuation concerns, or an upward adjustment of their target price. The decision may hinge on the company’s recent developments—if the outlook is bright, an increase in target price could be warranted.
According to the Zacks coverage universe, there are eight different analyst targets for LCI Industries. However, this average represents a blend of varied opinions. For instance, while one analyst anticipates a target of $91.00, another has set a target as high as $130.00, resulting in a standard deviation of $13.36.
The rationale for analyzing the average target price is to leverage collective insights, representing the beliefs of numerous analysts rather than a single viewpoint. With LCII now clearing the average target price of $112.25 per share, investors have a crucial opportunity to evaluate whether this indicates a path towards an even greater target or if the current valuation is becoming excessive, prompting the consideration of profit-taking. Below is a snapshot of current analyst opinions on LCI Industries:
| Recent LCII Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 3 | 3 | 3 | 3 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 4 | 3 | 3 | 3 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 2 | 2 | 2 | 2 |
| Average rating: | 2.78 | 2.75 | 2.75 | 2.75 |
The average rating displayed in the table ranges from 1 (Strong Buy) to 5 (Strong Sell). This article utilizes data sourced from Zacks Investment Research via Quandl.com. For the latest insights, access the Zacks research report on LCII—available for free.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
