LPL Financial Holdings PT Raised to $41.00 at Morgan Stanley (LPLA)
Equities researchers at Morgan Stanley boosted their target price on shares of LPL Financial Holdings (NASDAQ:LPLA) from $40.00 to $41.00 in a research report issued on Thursday, Stock Ratings Network.com reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s target price suggests a potential upside of 7.13% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet downgraded shares of LPL Financial Holdings (NASDAQ:LPLA) from a “buy” rating to a “hold” rating in a research note to investors on Thursday, September 5th. Separately, analysts at UBS AG raised their price target on shares of LPL Financial Holdings (NASDAQ:LPLA) from $28.00 to $33.00 in a research note to investors on Thursday, August 1st. They now have a “sell” rating on the stock. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of LPL Financial Holdings (NASDAQ:LPLA) from $23.00 to $24.00 in a research note to investors on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. LPL Financial Holdings currently has a consensus rating of “Hold” and a consensus target price of $36.70.
Shares of LPL Financial Holdings (NASDAQ:LPLA) traded down 1.14% on Thursday, hitting $38.27. 760,786 shares of the company’s stock traded hands. LPL Financial Holdings has a 52 week low of $23.17 and a 52 week high of $39.80. The stock has a 50-day moving average of $38.04 and a 200-day moving average of $36.71. The company has a market cap of $4.072 billion and a price-to-earnings ratio of 24.56.
LPL Financial Holdings (NASDAQ:LPLA) last announced its earnings results on Wednesday, July 31st. The company reported $0.61 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.60 by $0.01. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $999.14 million. During the same quarter last year, the company posted $0.49 earnings per share. LPL Financial Holdings’s revenue was up 12.1% compared to the same quarter last year. On average, analysts predict that LPL Financial Holdings will post $2.32 earnings per share for the current fiscal year.
LPL Financial Holdings Inc, formerly LPL Investment Holdings Inc, is a holding company. The Company provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at financial institutions (NASDAQ:LPLA) in the United States of America.
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