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Life Time Fitness (NYSE:LTM)‘s stock had its “buy” rating reaffirmed by research analysts at Stifel Nicolaus in a report released on Friday. They currently have a $52.00 price objective on the stock, down from their previous price objective of $57.00. Stifel Nicolaus’ target price would suggest a potential upside of 26.77% from the stock’s previous close.

Shares of Life Time Fitness (NYSE:LTM) traded down 0.58% on Friday, hitting $41.02. 1,185,767 shares of the company’s stock traded hands. Life Time Fitness has a 52 week low of $40.15 and a 52 week high of $56.78. The stock’s 50-day moving average is $47.72 and its 200-day moving average is $47.49. The company has a market cap of $1.634 billion and a P/E ratio of 13.98.

Life Time Fitness (NYSE:LTM) last announced its earnings results on Thursday, July 24th. The company reported $0.76 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.81 by $0.05. The company had revenue of $326.60 million for the quarter, compared to the consensus estimate of $332.20 million. During the same quarter last year, the company posted $0.80 earnings per share. Life Time Fitness’s revenue was up 6.0% compared to the same quarter last year. Analysts expect that Life Time Fitness will post $3.06 EPS for the current fiscal year.

A number of other analysts have also recently weighed in on LTM. Analysts at Feltl & Co. downgraded shares of Life Time Fitness from a “strong-buy” rating to a “buy” rating in a research note on Friday. They now have a $55.50 price target on the stock, down previously from $71.40. Analysts at Piper Jaffray downgraded shares of Life Time Fitness from an “overweight” rating to a “neutral” rating in a research note on Thursday, June 5th. They now have a $54.00 price target on the stock, down previously from $59.00. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $53.30.

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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