Should I buy or sell Loar stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Loar in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" LOAR shares. View LOAR analyst ratings or view top-rated stocks .

What is Loar's stock price target for 2024?

3 brokerages have issued 12 month price objectives for Loar's stock. Their LOAR share price targets range from $55.00 to $64.00. On average, they expect the company's share price to reach $59.67 in the next twelve months. This suggests a possible upside of 4.7% from the stock's current price. View analysts price targets for LOAR or view top-rated stocks among Wall Street analysts .

How have LOAR shares performed in 2024?

Loar's stock was trading at $49.71 at the beginning of 2024. Since then, LOAR stock has increased by 14.6% and is now trading at $56.97. View the best growth stocks for 2024 here .

What guidance has Loar issued on next quarter's earnings?

Loar updated its FY 2024 earnings guidance on Tuesday, May, 14th. The company provided EPS guidance of 0.410-0.430 for the period. The company issued revenue guidance of $370.0 million-$374.0 million.

Loar (LOAR) raised $275 million in an IPO on Thursday, April 25th 2024. The company issued 11,000,000 shares at a price of $24.00-$26.00 per share. Jefferies, Morgan Stanley, Citigroup, Moelis & Co. and RBC Capital Markets served as the underwriters for the IPO.

When does Loar's quiet period expire?

Loar's quiet period expires on Tuesday, June 4th. Loar had issued 11,000,000 shares in its initial public offering on April 25th. The total size of the offering was $308,000,000 based on an initial share price of $28.00. During Loar's quiet period, insiders and any underwriters involved in the IPO are prevented from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company's quiet period, it's expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

How do I buy shares of Loar?

Shares of LOAR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:LOAR

Loar (LOAR) Stock Price, News & Analysis

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$56.97

+1.42 (+2.56%)

(As of 05/31/2024 ET)

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Today's Range: $55.11
▼
$57.98
50-Day Range: N/A
52-Week Range: $42.57
▼
$61.00

Volume: 253,986 shs
Average Volume: 371,391 shs
Market Capitalization: $5.11 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $59.67

Stock Analysis Analyst Forecasts Chart Competitors Financials Insider Trades Options Chain SEC Filings Trends

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Loar MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 4.7% Upside
$59.67 Price Target
Short Interest: N/A
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.62
Based on 4 Articles This Week
Insider Trading: Acquiring Shares
$2 M Bought Last Quarter
Proj. Earnings Growth: 74.42%
From $0.43 to $0.75 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.57 out of 5 stars

Aerospace Sector

39th out of 43 stocks

Aircraft Parts & Equipment, Not Elsewhere Classified Industry

8th out of 8 stocks

1.3

Analyst's Opinion

Consensus Rating
Loar has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
Loar has only been the subject of 3 research reports in the past 90 days.
Read more about Loar's stock forecast and price target.

N/A

Short Interest

Short Interest
There is no current short interest data available for LOAR.

0.0

Dividend Strength

Dividend Yield
Loar does not currently pay a dividend.
Dividend Growth
Loar does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for LOAR.

2.0

News and Social Media Coverage

News Sentiment
Loar has a news sentiment score of 0.62. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Aerospace companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Loar this week, compared to 1 article on an average week.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Loar insiders have bought more of their company's stock than they have sold. Specifically, they have bought $2,000,012.00 in company stock and sold $0.00 in company stock.
Read more about Loar's insider trading history.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Loar are expected to grow by 74.42% in the coming year, from $0.43 to $0.75 per share.

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About Loar

Loar Holdings Inc. is a diversified manufacturer and supplier of niche aerospace and defense components for aircraft and aerospace and defense systems. Loar Holdings Inc. is based in WHITE PLAINS, NY.

LOAR Stock Price History

30 days | 90 days | 365 days | Advanced Chart

LOAR Stock News Headlines

May 29 at 4:30 PM | investorplace.com

Wall Street's New Favorites: 3 Stocks Analysts Are Raving About in May

May 28, 2024 | investorplace.com

IPO Rockets: 3 New Growth Stocks to Buy for 10-Bagger Returns by 2030

May 28, 2024 | americanbankingnews.com

Loar Holdings, LLC's (NYSE:LOAR) Quiet Period Set To End on June 4th

May 15, 2024 | investorplace.com

Fresh on the Market: 3 Newly Listed Stocks Poised to Skyrocket

April 5, 2024 | seekingalpha.com

Loar Holdings Seeks IPO To Pay Down Debt

See More Headlines

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Company Calendar

Today: 5/31/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Aerospace
Industry: Aircraft parts & equipment, not elsewhere classified
Sub-Industry: N/A
Current Symbol: NYSE:LOAR
CUSIP: N/A
CIK: 2000178
Web: loargroup.com
Phone: 914-909-1311
Fax: N/A
Employees: N/A
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $59.67
High Stock Price Target: $64.00
Low Stock Price Target: $55.00
Potential Upside/Downside: +4.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: N/A
Quick Ratio: N/A

Sales & Book Value

Annual Sales: N/A
Price / Sales: N/A
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: N/A
Price / Book: N/A

Miscellaneous

Outstanding Shares: 89,700,000
Free Float: N/A
Market Cap: $5.11 billion
Optionable: Optionable
Beta: N/A

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Key Competitors

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Insiders

M Chad Crow
Bought 71,429 shares on 4/29/2024
Total: $2.00 M ($28.00/share)

View All Insider Transactions

LOAR Stock Analysis - Frequently Asked Questions

Should I buy or sell Loar stock right now?: 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Loar in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" LOAR shares.
View LOAR analyst ratings or view top-rated stocks.
What is Loar's stock price target for 2024?: 3 brokerages have issued 12 month price objectives for Loar's stock. Their LOAR share price targets range from $55.00 to $64.00. On average, they expect the company's share price to reach $59.67 in the next twelve months. This suggests a possible upside of 4.7% from the stock's current price.
View analysts price targets for LOAR or view top-rated stocks among Wall Street analysts.
How have LOAR shares performed in 2024?: Loar's stock was trading at $49.71 at the beginning of 2024. Since then, LOAR stock has increased by 14.6% and is now trading at $56.97.
View the best growth stocks for 2024 here.
What guidance has Loar issued on next quarter's earnings?: Loar updated its FY 2024 earnings guidance on Tuesday, May, 14th. The company provided EPS guidance of 0.410-0.430 for the period. The company issued revenue guidance of $370.0 million-$374.0 million.

When did Loar IPO?: Loar (LOAR) raised $275 million in an IPO on Thursday, April 25th 2024. The company issued 11,000,000 shares at a price of $24.00-$26.00 per share. Jefferies, Morgan Stanley, Citigroup, Moelis & Co. and RBC Capital Markets served as the underwriters for the IPO.
When does Loar's quiet period expire?: Loar's quiet period expires on Tuesday, June 4th. Loar had issued 11,000,000 shares in its initial public offering on April 25th. The total size of the offering was $308,000,000 based on an initial share price of $28.00. During Loar's quiet period, insiders and any underwriters involved in the IPO are prevented from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company's quiet period, it's expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.
How do I buy shares of Loar?: Shares of LOAR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:LOAR) was last updated on 6/1/2024 by MarketBeat.com Staff

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Loar (LOAR) Stock Price, News & Analysis