LPL Financial Holdings Now Covered by Analysts at JMP Securities (LPLA)
Equities researchers at JMP Securities began coverage on shares of LPL Financial Holdings (NASDAQ:LPLA) in a research report issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “market perform” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at Keefe, Bruyette & Woods raised their price target on shares of LPL Financial Holdings from $39.00 to $41.00 in a research note to investors on Friday, October 4th. Separately, analysts at UBS AG reiterated a “sell” rating on shares of LPL Financial Holdings in a research note to investors on Thursday, October 3rd. They now have a $33.00 price target on the stock. Finally, analysts at Morgan Stanley raised their price target on shares of LPL Financial Holdings from $40.00 to $41.00 in a research note to investors on Thursday, October 3rd. They now have an “equal weight” rating on the stock. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $39.13.
LPL Financial Holdings (NASDAQ:LPLA) opened at 36.94 on Wednesday. LPL Financial Holdings has a 1-year low of $23.17 and a 1-year high of $40.70. The stock has a 50-day moving average of $38.0 and a 200-day moving average of $36.90. The company has a market cap of $3.931 billion and a P/E ratio of 23.48.
LPL Financial Holdings (NASDAQ:LPLA) last released its earnings data on Wednesday, July 31st. The company reported $0.61 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.49 earnings per share. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. On average, analysts predict that LPL Financial Holdings will post $2.31 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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