A Few Positives and Negatives For Lyft Inc. (LYFT), Foot Locker Inc. (FL)

You should consider shares of Lyft Inc. (NASDAQ:LYFT) and Foot Locker Inc. (NYSE:FL) if you are looking for a great stocks to invest in. Starting with the LYFT shares, which traded at $47.51 at the close of the recent session, gaining 0.25%. On Tuesday, the company’s shares shed $0.12 from its value which represented in intraday trading. LYFT’s intraday high was $47.56 while its lowest price touched $46.08. The stock’s 52-week high price is $88.60, which means the current price is at -46.38%. In terms of trading activity, the daily trading volume rose to 2870090 against 200-day average trading volume.

What are analyst forecasts for Lyft Inc. (NASDAQ:LYFT)?

At a consensus rating of 4.34, LYFT is trending as a streaking Moderate Buy, as it has been the case a month ago when 32 analysts called it a Moderate Buy. Two months ago, 30 analysts recommended, on average, that LYFT stock is a Moderate Buy. The Technology company’s shares’ overall bullish trend saw it close higher on Tuesday compared to its opening price of $46.55 on the day.

Forecasts for Lyft Inc. (NASDAQ:LYFT) give the stock a fair value for the growth of 28.02% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $66.00, which means the price per share could rise by nearly $18.49. The price range target is between a low of $35.00 and a high of $96.50. The stock would need to gain by about $50.77 to hit the estimated high or 0.78% from its 12-month low.

The consensus among 38 analysts is that it is a good time for one to Overweight in the Lyft Inc. 23 analysts rate LYFT as a Buy, with 2 of 38 analysts rate it as a Sell. 3 have valued the stock as Overweight and 10 have recommended that investors Hold.

Lyft Inc. (NASDAQ:LYFT) Upgrades and Downgrades

In terms of rating changes, Loop Capital on November 25, 2019, Upgrade Lyft Inc. (LYFT) at Buy. They believe the stock could reach $62 in the near term. Analysts at Goldman have assigned a Buy rating for the stock in their research note on October 31, 2019 with an estimated price target of $58. Moreover, Morgan Stanley analysts issued a rating of Equal-Weight for the stock on October 24, 2019, giving it a price target of $50 for the next 12 months. On October 21, 2019, the stock earned a Peer Perform rating due to an analyst call from Wolfe Research, while analysts from MKM Partners on October 03, 2019 suggested that the stock is Neutral.

Foot Locker Inc. (NYSE:FL) adds -$1.14 on Tuesday

The FL stock has tanked -27.69% year-to-date and is currently trading at $38.47, which is -43.43% below its 52-week high. The company shares lost -2.88% on the day and have risen nearly 16.15% off a low hit. At current levels, Foot Locker Inc. has a valuation of about $7.98B. As of 12/03/19, this stock has fallen -4.23% during the week and closed at $39.61 in the previous session. However, recent Foot Locker Inc. stock performance shows that FL shares are -13.12% down over the last month, and 0.18% up for the last three months.

Earnings per share (EPS) estimates for the current quarter are $1.4, with the trailing 12-month share earnings at $4.35. The ratio is expected to be up by 4.70% for the current year 2019 and 6.70% for next year. Over the next 5-year period, earnings per share will be 7.39%. But will the FL stock surprise in the current quarter results, where the $1.13 actual EPS reported on 10/30/2019 surprised by 4.60% or was higher by $0.05 from the estimated $1.08.

Sales Growth to climb 2.30% for the year

How well will Foot Locker Inc. perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $2.17B and $2.31B in current quarter sales. The consensus estimated for the current quarter is $2.26B from sales. Forecasts for this fiscal year are between $7.95B and $8.1B and the consensus estimate for sales is at $8.05B.

Who owns shares in Foot Locker Inc. (FL)?

Let’s briefly focus on the share ownership of the Foot Locker Inc. (NYSE:FL) stock, where we find that 0.00% of shares are held by institutions. Blackrock Inc. tops the list of institutional owners as it is holding 10.25 million shares or 9.58% of shares outstanding. Vanguard Group, Inc. (The) and Lsv Asset Management held 10.06 million and 5.09 million representing 9.40% and 4.75% respectively at the close of the last trading session. As of Sep 29, 2019, AQR Capital Management, LLC accounted for 4.47 million shares at over 192.95 million. This represented 4.18% of shares outstanding. Lord Abbett & Co held 4.0 million shares at over 172.71 million representing 3.74% of shares outstanding.

FL Insider Activity

Insider activity can also give a signal in terms of price direction. Looking at Foot Locker Inc. (FL), a total of 7000 shares have been sold by insiders over the last 6 months while 16841 shares were added in the same time span. On 2/20/2019, President & Chief Executive Officer by the name Johnson Richard A sold 73600.0 shares worth $4.4 million at the price of $60.01 per share. Filings also show that Johnson Richard A bought a total of 73600.0 shares on 2/20/2019 valued at $1.1 million. Since the last insider activity, the company’s share price has dropped -34.04%.