Roth MKM Remains a Buy on Lakeland Industries (LAKE)
Roth MKM analyst Gerry Sweeney maintained a Buy rating on Lakeland Industries today and set a price target of $27.00.
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Sweeney covers the Industrials sector, focusing on stocks such as AZZ, DMC Global, and Limbach Holdings. According to TipRanks, Sweeney has an average return of 7.3% and a 50.15% success rate on recommended stocks.
Lakeland Industries has an analyst consensus of Strong Buy, with a price target consensus of $24.25.
Based on Lakeland Industries’ latest earnings release for the quarter ending July 31, the company reported a quarterly revenue of $52.5 million and a net profit of $766 thousand. In comparison, last year the company earned a revenue of $38.51 million and had a GAAP net loss of $1.38 million
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