Legg Mason (NYSE:LM) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.63 by 8 Brokerage Firm. 5 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 2 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. Equity analysts at the Brokerage firm Citigroup maintains its rating on Legg Mason (NYSE:LM). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Citigroup raises the price target from $43 per share to $46 per share. The rating by the firm was issued on April 18, 2016.
Legg Mason (NYSE:LM): 6 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $38.83 in Legg Mason (NYSE:LM). However, the stock price could fluctuate by $ 3.71 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $45 price target with the lower price estimate is calculated at $35
Legg Mason (NYSE:LM) rose 2.24% or 0.7 points on Tuesday and made its way into the gainers of the day. After trading began at $31.47 the stock was seen hitting $32.08 as a peak level and $31.31 as the lowest level. The stock ended up at $31.96. The daily volume was measured at 1,809,835 shares. The 52-week high of the share price is $54.11 and the 52-week low is $24.93. The company has a market cap of $3,369 million.
Shares of Legg Mason Inc. rose by 3.5% in the last five trading days and 0.77% for the last 4 weeks. Legg Mason Inc. has dropped 8.02% during the last 3-month period . Year-to-Date the stock performance stands at -17.51%.
Legg Mason, Inc. is a holding company. Through its subsidiaries, the Company provides investment management and related services to institutional and individual clients, company-sponsored investment funds and retail separately managed account programs. The Company offers its products and services directly and through various financial intermediaries. Its investment advisory services include discretionary and non-discretionary management of separate investment accounts in numerous investment styles for institutional and individual investors. Its investment products include proprietary mutual funds ranging from money market and other liquidity products to fixed income, equity and alternative funds managed in a wide variety of investment styles. The Company also offers other domestic and offshore funds to both retail and institutional investors and funds-of-hedge funds. The Companys United States mutual funds consist of two groups of mutual and closed-end funds.