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UPDATE: Stifel Nicolaus Reiterates Buy, Raises Target to $43 on Liquidity Services

Stifel Nicolaus maintains its Buy rating on Liquidity Services, Inc. (NASDAQ: LQDT) and raises its target price to $43 from $41 on window opened by strong September results now interpreted correctly by investors.

Stifel says, β€œOn the conference call, LQDT made it clear to investors that the company posted very solid F4Q results, beating estimates. However, there was a bit of drama as the market initially reacted to a headline number of $0.14, which included a one-time tax hit of $0.06 (a partial reversal from the benefit in F3Q, which was also normalized out). Therefore, PF EPS was actually $0.20, at the high end of guidance. If the loss from the now discontinued U.K. operations were added back, operating PF EPS would have been closer to $0.24, which is normal at the reported EBITDA level.”

LQDT closed at $36.97 per share on Tuesday.

Posted-In: Stifel NicolausAnalyst Color Price Target Pre-Market Outlook Analyst Ratings


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