Legg Mason Inc. Hits New 52-Week High at $44.56 (LM)
Legg Mason (NYSE:LM)’s share price reached a new 52-week high during trading on Monday, American Banking News reports. The stock traded as high as $44.56 and last traded at $43.52, with a volume of 1,825,858 shares traded. The stock had previously closed at $43.85.
A number of analysts have recently weighed in on LM shares. Analysts at Susquehanna upgraded shares of Legg Mason from a “negative” rating to a “neutral” rating in a research note to investors on Friday. They now have a $38.00 price target on the stock, up previously from $25.00. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of Legg Mason from $42.00 to $48.00 in a research note to investors on Friday. They now have a “market perform” rating on the stock. Finally, 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. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. Legg Mason has an average rating of “Hold” and a consensus price target of $37.57.
Legg Mason has a one year low of $26.36 and a one year high of $44.35. The stock’s 50-day moving average is $41.76 and its 200-day moving average is $36.37. The company’s market cap is $5.219 billion.
Legg Mason (NYSE:LM) last announced its earnings results on Friday, October 25th. The company reported $0.70 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.60 earnings per share. Legg Mason’s revenue was up 4.6% compared to the same quarter last year. On average, analysts predict that Legg Mason will post $2.29 earnings per share for the current fiscal year.
Legg Mason, Inc (NYSE:LM) is a global asset management company.
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