Legg Mason Price Target Raised to $41.00 at Evercore Partners (LM)
Equities researchers at Evercore Partners raised their target price on shares of Legg Mason (NYSE:LM) from $37.00 to $41.00 in a research report issued on Tuesday, AR Network reports. Evercore Partners’ price objective points to a potential downside of 5.22% from the company’s current price.
A number of other firms have also recently commented on LM. 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 investment 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. Legg Mason has an average rating of “Hold” and a consensus price target of $37.86.
Legg Mason (NYSE:LM) traded up 1.57% on Tuesday, hitting $43.94. 4,161,707 shares of the company’s stock traded hands. Legg Mason has a 52-week low of $26.36 and a 52-week high of $44.56. The stock has a 50-day moving average of $41.89 and a 200-day moving average of $36.54. The company’s market cap is $5.301 billion.
Legg Mason (NYSE:LM) last issued its quarterly 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. 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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