Loar Holdings (NYSE:LOAR) saw coverage from several major analyst firms on Monday, marking the end of the research quiet period following the company's IPO.
Analyst Initiations: Morgan Stanley analyst Kristine Liwag initiated coverage on Loar Holdings with an Equal-Weight rating and a price target of $55. RBC Capital analyst Ken Herbert began coverage with an Outperform rating and a price target of $60. Additionally, Citigroup analyst Jason Gursky issued a Buy rating with a price target of $64.
What To Know: Loar Holdings went public last month in an IPO priced at $28 per share. The stock made a strong debut, opening for trade at $45 per share, significantly above the initial offering price. The IPO received positive market reception, reflecting investor confidence in the company's growth potential.
Loar Holdings, a leader in the aerospace and defense industry, designs and manufactures advanced components and systems for commercial and military applications. Key competitors include companies like Honeywell International, Raytheon Technologies, and Boeing.
What Else: Loar Holdings reported its first quarterly financial results as a public company last week. Loar delivered net sales of $91.8 million, representing a 23.7% increase year-over-year. The company achieved net income of $2.2 million and ended the quarter with $28.15 million in cash and equivalents. For fiscal-year 2024, Loar Holdings projects net sales between $370 million and $374 million and adjusted EPS between 41 cents and 43 cents.
Monday's favorable analyst coverage suggests Loar Holdings is well-positioned for continued growth in the aerospace and defense sector.
LOAR Price Action: Loar Holdings shares were down 2.35% at $50.32 at the time of publication Monday afternoon, according to Benzinga Pro.
Image: Courtesy of Loar holdings
Loar Holdings(紐約證券交易所代碼:LOAR)週一迎來了幾家主要分析公司的研究報告,標誌着該公司首次公開募股後的研究平靜期結束。
分析師啓動:摩根士丹利分析師克里斯汀·利瓦格開始對Loar Holdings進行報道,評級爲同等,目標股價爲55美元。加拿大皇家銀行資本分析師肯·赫伯特開始報道時評級爲跑贏大盤,目標股價爲60美元。此外,花旗集團分析師傑森·古爾斯基發佈了買入評級,目標股價爲64美元。
須知:Loar Holdings上個月在首次公開募股中上市,定價爲每股28美元。該股首次亮相表現強勁,開盤價爲每股45美元,大大高於首次發行價格。首次公開募股受到了市場的積極歡迎,反映了投資者對公司增長潛力的信心。
Loar Holdings是航空航天和國防行業的領導者,爲商業和軍事應用設計和製造先進的組件和系統。主要競爭對手包括霍尼韋爾國際、雷神科技和波音等公司。
還有什麼:Loar Holdings上週公佈了其作爲上市公司的第一季度財務業績。Loar的淨銷售額爲9180萬美元,同比增長23.7%。該公司實現淨收入220萬美元,本季度末現金及等價物爲2815萬美元。Loar Holdings預計,2024財年的淨銷售額在3.7億美元至3.74億美元之間,調整後的每股收益在41美分至43美分之間。
週一分析師的積極報道表明,Loar Holdings爲航空航天和國防領域的持續增長做好了充分的準備。
LOAR價格走勢:根據Benzinga Pro的數據,在週一下午發佈時,Loar Holdings的股價下跌了2.35%,至50.32美元。
圖片:由 Loar Holdings 提供