Baird Maintains an 'Outperform' on Liquidity Services (LQDT); Despite Lumpiness, DoD Data Confirms Q3 Upside

July 11, 2012 8:13 AM EDT Send to a Friend
Get Alerts LQDT Hot Sheet
Price: $12.06 -2.51%

Rating Summary:
    3 Buy, 6 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 29 | Down: 28 | New: 24
Trade LQDT Now!
Join SI Premium – FREE
Baird maintains an 'Outperform' on Liquidity Services (NASDAQ: LQDT) price target of $66.00.

Analyst, Colin Sebastian, said, "Government data is typically lumpy - sequential decline might be interpreted negatively. In terms of segment breakdown, government Surplus volume declined 15% sequentially in June, but increased 38% year-over-year. Scrap volume declined 13% sequentially and 21% year-over-year, with the overall Dept of Defense (DoD) business declining 15% sequentially and increasing 9% year-over-year. Importantly, the government business tends to be lumpy, and based on historical trends, we advise investors not to interpret a one-month decline as a red flag."

For an analyst ratings summary and ratings history on Liquidity Services click here. For more ratings news on Liquidity Services click here.

Shares of Liquidity Services closed at $41.01 yesterday.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, Analyst EPS View

Related Entities

Robert W Baird

Add Your Comment