LXP Industrial Trust (NYSE:LXP) finished Wednesday with a subtraction of -$0.08 to close at $9.03, a downside of -0.88 percent. An average of 1,652,340 shares of common stock have been traded in the last five days. There was a fall of -$0.63 in the past week, and it reached a new high 27 times over the past 12 months. The last 20 days have seen an average of 1,821,255 shares traded, while the 50-day average volume stands at 1,735,600.
LXP stock has decreased by -6.33% in the last month. The company shares reached their 1-month lowest point of $8.99 on 09/27/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $8.79 and a high of $11.92 in 52 weeks. It has reached a new high 13 times so far this year and lost -9.88% or -$0.99 in price. In spite of this, the price is down -24.24% from the 52-week high.
Valuation Metrics
LXP Industrial Trust (LXP) has a trailing price-to-earnings (P/E) ratio of 42.80. The stock’s beta is 0.81. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 7.93, the price-to-book (PB) ratio at 1.16, and the price-to-cash flow ratio at 14.94.
Financial Health
Further, the company has a long term debt to equity ratio of 0.66 and a total debt to equity ratio of 0.66 for the quarter ending June 29. Its gross profit as reported stood at $47.09 million compared to revenue of $321.25 million.
Earnings Surprise
For the three-month period that ended June 29, LXP Industrial Trust had $66.35 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$9.68 million in the quarter, while revenues of $9.52 million were grew 509.81%. The analyst consensus anticipated LXP Industrial Trust’s latest quarter earnings to come in at -$0.01 per share, but it turned out to be -$0.03, a -200.00% surprise. For the quarter, EBITDA amounted to $16.3 million. At the end of the quarter ending June 29, LXP Industrial Trust’s stock balance sheet showed total debt was $1.51 billion. Shareholders own equity worth $292.61 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at LXP Industrial Trust (LXP) price momentum. RSI 9-day as of the close on 27 September was 26.12%, suggesting the stock is oversold, with historical volatility in this time frame at 20.06%.
As of today, LXP’s price is $9.24 -6.52% or -$0.63 from its 5-day moving average. LXP is currently trading -7.29% lower than its 20-day SMA and -5.05% lower than its 100-day SMA. However, the stock’s current price level is -11.73% below the SMA50 and -14.41% below the SMA200.
The stochastic %K and %D were 6.96% and 15.45%, respectively, and the average true range (ATR) was 0.20. With the 14-day stochastic at 4.09% and the average true range at 0.20, the RSI (14) stands at 31.55%. The stock has reached -0.28 on the 9-day MACD Oscillator while the 14-day reading was at -0.34.
Analyst Ratings
KeyBanc Capital Markets upgraded LXP Industrial Trust (NYSE: LXP) to a an Overweight rating in its most recent analyst report. Previously, the stock was rated as a Sector weight. The consensus rating for LXP Industrial Trust (LXP) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell LXP, while 3 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.
What is LXP’s price target for the next 12 months?
Analysts predict a range of price targets between $10.00 and $12.00, with a median target of $11.00. Taking a look at these predictions, the average price target given by analysts for LXP Industrial Trust (LXP) stock is $11.00.
