Equities research analysts at Susquehanna hoisted their price target on shares of L Brands (NYSE: LTD) from $53.00 to $54.00 in a research note issued to investors on Friday, ARN reports. The firm currently has a “neutral” rating on the stock. Susquehanna’s price target would indicate a potential upside of 4.21% from the stock’s previous close.
Shares of L Brands (NYSE: LTD) traded down 0.97% during mid-day trading on Friday, hitting $51.82. L Brands has a 52 week low of $42.49 and a 52 week high of $53.33. The stock’s 50-day moving average is currently $50.43. The company has a market cap of $14.996 billion and a P/E ratio of 20.02.
L Brands (NYSE: LTD) last issued its quarterly earnings data on Wednesday, May 22nd. The company reported $0.48 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.46 by $0.02. The company had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the prior year, the company posted $0.41 earnings per share. The company’s quarterly revenue was up 5.3% on a year-over-year basis. L Brands has set its Q2 guidance at $0.50-0.55 EPS and its FY14 guidance at $2.95-3.15 EPS. On average, analysts predict that L Brands will post $3.14 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on LTD. Analysts at Jefferies Group reiterated an “underperform” rating on shares of L Brands in a research note to investors on Tuesday. They now have a $40.00 price target on the stock. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of L Brands in a research note to investors on Monday. They now have a $55.00 price target on the stock. Finally, analysts at Oppenheimer reiterated an “underperform” rating on shares of L Brands in a research note to investors on Wednesday, June 19th. They now have a $46.00 price target on the stock.
Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $51.85.
L Brands, Inc, formerly Limited Brands, Inc operates in the specialty retail business. The Company is a specialty retailer of women’s intimate and other apparel, beauty and personal care products and accessories.