LPL Financial Holdings (LPLA) : The highest short term price target forecast on LPL Financial Holdings (LPLA) is $43 and the lowest target price is $27. A total of 5 equity analysts are currently covering the company. The average price of all the analysts is $32.2 with a standard deviation of $7.12.
LPL Financial Holdings (LPLA) : 7 analysts are covering LPL Financial Holdings (LPLA) and their average rating on the stock is 3.29, which is read as a Hold. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Also, In a research note released to the investors, Credit Suisse downgrades its rating on LPL Financial Holdings (NASDAQ:LPLA).The analysts at the brokerage house have a current rating of Neutral on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. In a recent information released to the investors, Credit Suisse maintains the price target of $28 per share. The rating by the firm was issued on August 22, 2016.
LPL Financial Holdings (NASDAQ:LPLA): The stock opened at $29.74 on Thursday but the bulls could not build on the opening and the stock topped out at $30.20 for the day. The stock traded down to $28.59 during the day, due to lack of any buying support eventually closed down at $29.39 with a loss of -1.14% for the day. The stock had closed at $29.73 on the previous day. The total traded volume was 1,129,719 shares.
LPL Financial Holdings Inc. is an independent broker-dealer, a custodian for registered investment advisors (RIAs) and an independent consultant to retirement plans. The Company provides a platform of brokerage and investment advisory services to independent financial advisors, including financial advisors at around 700 financial institutions, enabling them to provide their retail investors with objective financial advice. It also supports approximately 4,400 financial advisors who are affiliated and licensed with insurance companies through customized clearing services, advisory platforms, and technology solutions. It provides its advisors with the front-office, middle-office, and back-office support. The Company provides its technology and service to advisors through a technology platform that is server-based and Web-accessible. Its subsidiaries include LPL Financial LLC, The Private Trust Company, N.A., Independent Advisers Group Corporation and LPL Insurance Associates, Inc.