Lumentum Holdin Share Price (0JVV)

And so the play is thus, if you think the G20 will lead to a resurrection of the talks and an eventual solution to this little spat then you should be piling in to Lumentum right now, if not then hold your powder. Sooner or later and one way or the other Xi and Trump will have to resolve this battle of wills along with the issues surrounding Huawei. It's hardly a crap-shoot decision for me.

https://www.cnbc.com/video/2019/06/10/us-china-trade-deal-hinges-on-g-20-summit-says-trump.html

More analysts ratings for Lumentum….

Samik Chatterjee
J.P. Morgan
Buy $71.00 Reiterated 18 days ago

Dave Kang
B.Riley FBR
Buy $74.00 Assigned 19 days ago.

Mark Kelleher
D.A. Davidson
Buy $75.00 Reiterated 19 days ago.

Tim Savageaux
Northland Securities
Buy $67.50 Reiterated 19 days ago.

More analysts ratings for Lumentum….

https://www.tipranks.com/stocks/lite/price-target

The current spat involving the US, China and Huawei will pass. Look towards the heads of state G20 meetings at the end of this month for signs of a return to the trade talks negotiating table. A solution here will take this one back into the $70's range and quickly.

06/07/19 Goldman Sachs analyst Rod Hall reiterated a Buy rating and $69.00 price target on Lumentum (NASDAQ: LITE) after assessing a worst case earnings scenario that assumes 100% of Huawei related revenues are lost and Apple’s iPhone volumes end up being 20% lower than his below consensus estimates.

The analyst stated "This downside scenario implies Lumentum would likely deliver about $3.27 in FY (to June) EPS which implies a current forward trading PE of 13.2x vs. a recent historical median PE
of 12.3x". "While acknowledging that a range of outcomes may exist outside our analysis, we highlight that even in our most bearish scenario, the implied PE multiple is ~13x at current trading levels. This compares to Lumentum’s median multiple of ~16x since it started trading in 2015, and 2.3x since 2018. We also flag again that we see our most bearish scenario as unlikely, given at least some ROADM revenue is replaceable and iPhone unit weakness is already built into our model. In our note published on May 20 we estimated ~34% of Huawei revenue is replaceable in our central case".