Market Overview

UPDATE: Stifel Nicolaus Downgrades Lumber Liquidators to Sell on Valuation

Share:
Related LL
Lumber Liquidators - The Day After
Jefferies: Lumber Liquidators Not 'Out of the Woods'
Lumber Liquidators' Day Of Reckoning (Seeking Alpha)

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

DateFirmActionFromTo
Feb 2015JefferiesMaintainsHold
Feb 2015Evercore PartnersDowngradesBuyHold
Feb 2015WedbushDowngradesNeutral

View More Analyst Ratings for LL
View the Latest Analyst Ratings

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

 

Related Articles (LL)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Our Experts vs. S&P 500Powered by Benzinga
Marketfy Products Return S&P 500
Morning Profit Maker 42.72% 6.69%
The Option Prophet 91.14% 6.69%
SecretCaps 26.55% 6.69%
Short-Term Trend Trading 11.89% 6.69%
View the highest rated products→