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Legg Mason (NYSE:LM) is set to release its Q115 earnings data on Thursday, July 31st. Analysts expect the company to announce earnings of $0.56 per share and revenue of $704.40 million for the quarter.

Legg Mason (NYSE:LM) traded down 0.14% on Wednesday, hitting $50.46. The stock had a trading volume of 753,510 shares. Legg Mason has a 52-week low of $32.11 and a 52-week high of $52.00. The stock’s 50-day moving average is $50.69 and its 200-day moving average is $47.16. The company has a market cap of $5.894 billion and a price-to-earnings ratio of 21.69. Legg Mason also was the recipient of a significant decrease in short interest in July. As of July 15th, there was short interest totalling 4,569,761 shares, a decrease of 35.9% from the June 30th total of 7,125,746 shares. Approximately 4.0% of the company’s stock are short sold. Based on an average trading volume of 739,012 shares, the days-to-cover ratio is presently 6.2 days.

A number of analysts have recently weighed in on LM shares. Analysts at BMO Capital Markets raised their price target on shares of Legg Mason from $45.00 to $48.00 in a research note on Tuesday, July 15th. On the ratings front, analysts at Keefe, Bruyette & Woods raised their price target on shares of Legg Mason from $54.00 to $57.00 in a research note on Monday, July 14th. Finally, analysts at Susquehanna raised their price target on shares of Legg Mason from $40.00 to $45.00 in a research note on Thursday, July 10th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Legg Mason presently has a consensus rating of “Hold” and a consensus price target of $48.91.

Legg Mason, Inc (NYSE:LM) is a global asset management company.

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