Legg Mason Coverage Initiated at ISI Group (LM)
Equities researchers at ISI Group started coverage on shares of Legg Mason (NYSE:LM) in a research report issued on Tuesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
Shares of Legg Mason (NYSE:LM) opened at 33.68 on Tuesday. Legg Mason has a 1-year low of $23.88 and a 1-year high of $37.04. The stock’s 50-day moving average is $33. and its 200-day moving average is $33.06. The company’s market cap is $4.155 billion.
Legg Mason (NYSE:LM) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.68 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.46 by $0.22. The company had revenue of $670.40 million for the quarter, compared to the consensus estimate of $657.20 million. During the same quarter last year, the company posted $0.25 earnings per share. Legg Mason’s revenue was up 6.3% compared to the same quarter last year.
Other equities research analysts have also recently issued reports about the stock. Analysts at BMO Capital Markets reiterated a “sell” rating on shares of Legg Mason in a research note to investors on Thursday, October 3rd. They now have a $35.00 price target on the stock. Separately, analysts at Morgan Stanley raised their price target on shares of Legg Mason from $36.00 to $38.00 in a research note to investors on Thursday, October 3rd. They now have an “equal weight” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Legg Mason from $31.00 to $37.00 in a research note to investors on Thursday, September 12th. They now have a “sector perform” rating on the stock. Five analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $33.73.
Legg Mason, Inc (NYSE:LM) is a global asset management company.
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