Canaccord Genuity Group Increases LSI Industries (NASDAQ:LYTS) Price Target to $26.00

LSI Industries (NASDAQ:LYTS) had its target price upped by stock analysts at Canaccord Genuity Group from $22.00 to $26.00 in a report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the construction company’s stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 17.75% from the stock’s current price.

Separately, HC Wainwright lifted their target price on LSI Industries from $20.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday.

LSI Industries Stock Down 10.7 %

NASDAQ:LYTS traded down $2.64 on Friday, hitting $22.08. 535,183 shares of the company’s stock were exchanged, compared to its average volume of 188,420. The firm has a 50-day moving average price of $19.74 and a 200-day moving average price of $17.29. LSI Industries has a 52 week low of $13.35 and a 52 week high of $25.50. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.08 and a quick ratio of 1.19. The company has a market cap of $658.87 million, a P/E ratio of 27.95 and a beta of 0.93.

LSI Industries (NASDAQ:LYTS) last issued its quarterly earnings results on Thursday, January 23rd. The construction company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02). LSI Industries had a net margin of 4.88% and a return on equity of 11.71%. As a group, analysts expect that LSI Industries will post 0.86 EPS for the current fiscal year.

Institutional Trading of LSI Industries

Hedge funds have recently added to or reduced their stakes in the company. Quarry LP acquired a new position in shares of LSI Industries during the 3rd quarter worth approximately $39,000. Fortitude Family Office LLC boosted its stake in shares of LSI Industries by 1,559.9% in the fourth quarter. Fortitude Family Office LLC now owns 3,187 shares of the construction company’s stock valued at $62,000 after buying an additional 2,995 shares during the period. SG Americas Securities LLC acquired a new stake in LSI Industries during the third quarter worth approximately $183,000. Y Intercept Hong Kong Ltd bought a new position in LSI Industries during the 3rd quarter worth $205,000. Finally, Catalina Capital Group LLC acquired a new position in LSI Industries in the 4th quarter valued at $253,000. 73.91% of the stock is owned by institutional investors and hedge funds.

LSI Industries Company Profile

LSI Industries Inc produces and sells non-residential lighting and retail display solutions in the United States, Canada, Mexico, and Latin America. It operates through two segments, Lighting and Display Solutions. The Lighting segment manufactures, markets, and sells non-residential outdoor and indoor lighting fixture and control solutions in the commercial and industrial markets.