Keefe, Bruyette & Woods Increases Legg Mason Price Target to $48.00 (LM)
Equities research analysts at Keefe, Bruyette & Woods increased their price objective on shares of Legg Mason (NYSE:LM) from $42.00 to $48.00 in a research note issued to investors on Friday, Analyst Ratings News reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 9.24% from the company’s current price.
Shares of Legg Mason (NYSE:LM) opened at 43.94 on Friday. Legg Mason has a 52-week low of $25.43 and a 52-week high of $44.27. The stock has a 50-day moving average of $41.47 and a 200-day moving average of $36.21. The company’s market cap is $5.301 billion.
Legg Mason (NYSE:LM) last released its earnings data on Friday, October 25th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.09. The company had revenue of $669.90 million for the quarter, compared to the consensus estimate of $659.38 million. During the same quarter in the previous year, the company posted $0.60 earnings per share. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. Analysts expect that Legg Mason will post $2.29 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Legg Mason in a research note to investors on Tuesday, December 17th. They now have a $44.00 price target on the stock. Separately, analysts at Evercore Partners raised their price target on shares of Legg Mason from $33.00 to $37.00 in a research note to investors on Monday, December 16th. Finally, analysts at RBC Capital raised their price target on shares of Legg Mason from $37.00 to $38.00 in a research note to investors on Monday, October 28th. They now have a “sector perform” rating on the stock. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $35.80.
Legg Mason, Inc (NYSE:LM) is a global asset management company.
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