Loar’s (LOAR) “Outperform” Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada reaffirmed their outperform rating on shares of Loar (NYSE:LOAR) in a research report released on Thursday morning,Benzinga reports. The firm currently has a $100.00 price objective on the stock.

Other analysts have also recently issued research reports about the stock. Citigroup boosted their target price on shares of Loar from $64.00 to $88.00 and gave the stock a “buy” rating in a research note on Tuesday, August 20th. Morgan Stanley increased their target price on Loar from $70.00 to $75.00 and gave the company an “equal weight” rating in a report on Friday, October 18th.

Loar Stock Performance

Shares of Loar stock opened at $80.80 on Thursday. The business has a 50-day moving average price of $78.90 and a 200 day moving average price of $66.22. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.09 and a current ratio of 3.95. Loar has a twelve month low of $42.57 and a twelve month high of $95.35.

Institutional Trading of Loar

Hedge funds have recently bought and sold shares of the business. Arcadia Investment Management Corp MI purchased a new stake in shares of Loar in the second quarter valued at approximately $26,000. Amalgamated Bank acquired a new position in Loar during the second quarter worth $37,000. nVerses Capital LLC purchased a new stake in Loar in the 3rd quarter valued at $45,000. Linonia Partnership LP acquired a new stake in shares of Loar in the 2nd quarter worth $53,000. Finally, RiverPark Advisors LLC purchased a new position in shares of Loar during the 2nd quarter worth $155,000.

Loar Company Profile

Loar Holdings Inc, through its subsidiaries, designs, manufactures, and markets aerospace and defense components for aircraft, and aerospace and defense systems in the United States and internationally. It offers products in various categories, which include airframe components, structural components, avionics, composites, braking system components, de-ice and ice protection, electro-mechanical, engineered materials, flight controls, fluid and motion controls, environmental, metal forming, molded components, and restraints and safety devices.