Financial services firm Canaccord has adjusted its price target for LSI Industries (LYTS, Financial), reducing it from $26 to $22 while maintaining a Buy rating on the company’s stock. This decision comes following a quarterly performance that showed some inconsistencies.
Although certain aspects of the company’s performance did not meet expectations, notably the profit margins and the performance of the Lighting segment, there were also several positive developments. The Display Solutions segment reported a robust 15% organic growth, promising a bright spot amidst the mixed results.
In addition to the internal improvements, LSI Industries made strategic moves to enhance its market position, including the acquisition of Canada's Best Store Fixtures. This acquisition is expected to bolster the company's portfolio and strengthen its competitive edge in the industry.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 3 analysts, the average target price for LSI Industries Inc (LYTS, Financial) is $26.00 with a high estimate of $30.00 and a low estimate of $22.00. The average target implies an upside of 76.75% from the current price of $14.71. More detailed estimate data can be found on the LSI Industries Inc (LYTS) Forecast page.
Based on the consensus recommendation from 3 brokerage firms, LSI Industries Inc's (LYTS, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for LSI Industries Inc (LYTS, Financial) in one year is $15.43, suggesting a upside of 4.89% from the current price of $14.71. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the LSI Industries Inc (LYTS) Summary page.
