Zacks Investment Research analysts recently lifted Lyft Inc. ‘s rating from a “Sell” to a “Hold”, as per their repost on the company issued this Wednesday, December 9. The ridesharing company currently stands with $40.00 as the price target. The target issued by Zacks suggests a 14.02% downside since Lyft’s previous close.
Zacks Investment Research suggests that the full year earnings (FY2020) of this company will stand at $4.54 negative EPS (Earnings per share).
Lyft (NASDAQ: LYFT) Stock Analysis
The quarterly earnings report for the previous fiscal quarter was released by the company on the 10th of November. The earnings stood at $0.89 EPS for that quarter as opposed to the general consensus on the estimated earnings at $1.33.
The company’s return on equity also stood at 60.70% along with the net margin of 58.70%. The estimated income for the firm was marked at $489.26 million but it made $499.70 million for the quarter. During the same time previous year, the firm’s EPS was $0.41. according to the available data, the company’s revenue was 47.7% down based on a year-over-year calculation.
LYFT stocks traded at $46.52 this Wednesday. The quick ratio and current ratio are 1.35. The debt-to-equity ratio stands at 0.31. The company caps at $14.77 billion. The PE ratio stands at -8.86 with a beta value is 1.54. The 12-monthly low to high is $14.56 – $54.50. The 50SMA stands at $333.90 and the 200SMA is $31.47.
NASDAQ: LYFT has recently been the subject of a lot of reports by equities analysts. Some such as Citigroup Inc, Truist, MKM Partners, BidAskClub and so on have posted reports on this firm over the last few months.
The recent consensus rating of this company stands at “Buy” and the consensus on the target price is $47.67. Several hedge funds have also been involved in buying and selling of NASDAQ: LYFT shares recently.