Susquehanna Increases Legg Mason Price Target to $45.00 (LM)
Equities researchers at Susquehanna upped their price target on shares of Legg Mason (NYSE:LM) from $40.00 to $45.00 in a research report issued on Thursday. Susquehanna’s price objective suggests a potential downside of 10.09% from the stock’s previous close.
A number of other firms have also recently commented on LM. Analysts at Jefferies Group reiterated a “hold” rating on shares of Legg Mason in a research note on Wednesday. They now have a $50.00 price target on the stock, up previously from $46.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Legg Mason in a research note on Friday, June 13th. They now have a $53.00 price target on the stock. Finally, analysts at Morgan Stanley cut their price target on shares of Legg Mason from $50.00 to $49.00 in a research note on Monday, June 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $47.75.
Legg Mason (NYSE:LM) traded down 1.63% on Thursday, hitting $50.05. The stock had a trading volume of 646,535 shares. Legg Mason has a one year low of $32.11 and a one year high of $52.00. The stock’s 50-day moving average is $50.3 and its 200-day moving average is $46.52. The company has a market cap of $5.846 billion and a P/E ratio of 21.84.
Legg Mason (NYSE:LM) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.58 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.58. The company had revenue of $681.40 million for the quarter, compared to the consensus estimate of $693.60 million. During the same quarter in the previous year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, analysts predict that Legg Mason will post $2.59 earnings per share for the current fiscal year.
Legg Mason, Inc (NYSE:LM) is a global asset management company.
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