LSI Industries (NASDAQ:LYTS) Price Target Raised to $25.00

Key Points

• Analysts at Canaccord Genuity Group raised LSI Industries' price target from $22.00 to $25.00, indicating a potential upside of 5.66% based on the company's recent closing price.
• Wall Street Zen upgraded LSI Industries' stock rating from "buy" to "strong-buy," while the consensus target price among analysts now stands at $27.50.
• LSI Industries reported earnings of $0.26 per share, exceeding analysts' expectations of $0.17, with revenues of $155.07 million for the quarter.

LSI Industries (NASDAQ:LYTS - Get Free Report) had its target price increased by analysts at Canaccord Genuity Group from $22.00 to $25.00 in a report released on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the construction company's stock. Canaccord Genuity Group's price target points to a potential upside of 5.66% from the company's previous close.

Separately, Wall Street Zen raised shares of LSI Industries from a "buy" rating to a "strong-buy" rating in a research note on Sunday. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $27.50.

LSI Industries Stock Up 16.0%

Shares of NASDAQ LYTS opened at $23.66 on Monday. The firm has a market capitalization of $707.91 million, a PE ratio of 29.95 and a beta of 0.32. The company has a current ratio of 2.08, a quick ratio of 1.25 and a debt-to-equity ratio of 0.24. LSI Industries has a 1 year low of $13.77 and a 1 year high of $25.50. The firm's 50-day moving average is $17.98 and its 200-day moving average is $17.32.

LSI Industries (NASDAQ:LYTS - Get Free Report) last released its quarterly earnings data on Thursday, August 21st. The construction company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.09. LSI Industries had a net margin of 4.25% and a return on equity of 11.25%. The business had revenue of $155.07 million for the quarter, compared to analyst estimates of $138.89 million. Equities analysts expect that LSI Industries will post 0.7 EPS for the current year.

Institutional Trading of LSI Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. raised its holdings in shares of LSI Industries by 2.9% in the first quarter. PNC Financial Services Group Inc. now owns 22,856 shares of the construction company's stock valued at $389,000 after purchasing an additional 643 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of LSI Industries by 4.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,052 shares of the construction company's stock valued at $312,000 after purchasing an additional 684 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of LSI Industries by 22.0% in the second quarter. BNP Paribas Financial Markets now owns 4,077 shares of the construction company's stock valued at $69,000 after purchasing an additional 736 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of LSI Industries by 2.1% in the first quarter. Rhumbline Advisers now owns 41,378 shares of the construction company's stock valued at $703,000 after purchasing an additional 858 shares during the last quarter. Finally, Informed Momentum Co LLC raised its holdings in shares of LSI Industries by 1.8% in the first quarter. Informed Momentum Co LLC now owns 52,521 shares of the construction company's stock valued at $893,000 after purchasing an additional 905 shares during the last quarter. 73.91% of the stock is currently owned by institutional investors and hedge funds.

LSI Industries Company Profile

LSI Industries Inc produces and sells non-residential lighting and retail display solutions in the United States, Canada, Mexico, and Latin America. It operates through two segments, Lighting and Display Solutions. The Lighting segment manufactures, markets, and sells non-residential outdoor and indoor lighting fixture and control solutions in the commercial and industrial markets.

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