Life Time Fitness Lifted to “Overweight” at Piper Jaffray (LTM)
Life Time Fitness (NYSE:LTM) was upgraded by research analysts at Piper Jaffray from a “neutral” rating to an “overweight” rating in a report released on Tuesday, TheFlyOnTheWall.com reports.
Life Time Fitness (NYSE:LTM) opened at 46.10 on Tuesday. Life Time Fitness has a one year low of $38.01 and a one year high of $56.78. The stock’s 50-day moving average is $42.90 and its 200-day moving average is $47.01. The company has a market cap of $1.762 billion and a price-to-earnings ratio of 15.90.
Life Time Fitness (NYSE:LTM) last announced its earnings results on Thursday, July 24th. The company reported $0.76 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.80 earnings per share. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, analysts predict that Life Time Fitness will post $3.01 earnings per share for the current fiscal year.
A number of other firms have also recently commented on LTM. Analysts at Wedbush downgraded shares of Life Time Fitness from an “outperform” rating to a “neutral” rating in a research note on Monday, July 28th. They now have a $43.00 price target on the stock, down previously from $56.00. Separately, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Life Time Fitness in a research note on Friday, July 25th. They now have a $52.00 price target on the stock, down previously from $57.00. Finally, 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, July 25th. They now have a $55.50 price target on the stock, down previously from $71.40. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Life Time Fitness has an average rating of “Buy” and an average target price of $51.10.
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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