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Life Time Fitness (NYSE:LTM) was upgraded by stock analysts at KeyCorp from a “hold” rating to a “buy” rating in a report issued on Monday, TheFlyOnTheWall.com reports. The firm currently has a $55.00 price target on the stock. KeyCorp’s price target suggests a potential upside of 24.29% from the company’s current price.

Shares of Life Time Fitness (NYSE:LTM) traded down 1.43% on Monday, hitting $44.25. 503,793 shares of the company’s stock traded hands. Life Time Fitness has a 1-year low of $39.10 and a 1-year high of $56.94. The stock’s 50-day moving average is $46.34 and its 200-day moving average is $49.5. The company has a market cap of $1.820 billion and a P/E ratio of 15.70.

Life Time Fitness (NYSE:LTM) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.83 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.83. The company had revenue of $316.00 million for the quarter, compared to the consensus estimate of $316.17 million. During the same quarter last year, the company posted $0.77 earnings per share. Life Time Fitness’s revenue was up 7.2% compared to the same quarter last year. Analysts expect that Life Time Fitness will post $2.92 EPS for the current fiscal year.

Separately, analysts at UBS AG cut their price target on shares of Life Time Fitness from $53.00 to $48.00 in a research note to investors on Friday. They now have a “neutral” rating on the stock. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $57.80.

Life Time Fitness, Inc, operates multi-use sports and athletic, professional fitness, family recreation and spa centers in a resort-like environment.

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