Market Overview

UPDATE: Stifel Nicolaus Downgrades Lumber Liquidators to Sell on Valuation

Related LL
Early Global News: Alibaba Startup Stake, Commercial Drones & Under Armour-Lululemon Rumor
Whitney Tilson: Wayfair Is By Far My Largest Short Position, Will Be Under $10 Within A Year

Stifel Nicolaus reduced its rating on Lumber Liquidators (NYSE: LL) from Hold to Sell.

Stifel Nicolaus noted, "We are lowering our rating on LL from a Hold to a Sell as we believe fair value is in the $40 range, or 20X our 2013 EPS estimate. This is 26% down-side from last night's close and based on assumptions that most everything “goes right” fundamentally from here forward. The stock is on a stem having risen 212% YTD (compared with 9.7% for the S&P 500). It is now trading at 14.6X EV/estimated 2013 EBITDA and has a 2013 P/E of 27.2X with revenue growth not likely to exceed 12% on a sustainable basis. In our view, the stock is priced for perfection."

Lumber Liquidators closed at $55.12 on Monday.

Latest Ratings for LL

Aug 2015Cantor FitzgeraldUpgradesHoldBuy
Aug 2015Morgan StanleyMaintainsEqual-weight
Aug 2015Stephens & Co.DowngradesOverweightEqual-weight

View More Analyst Ratings for LL
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Downgrades Intraday Update Analyst Ratings


Related Articles (LL)

View Comments and Join the Discussion!

Get Benzinga's Newsletters