Zacks Rating on Legg Mason (LM)

Legg Mason (LM) : The consensus on Legg Mason (LM) based on 8 analyst recommendation on the company stock is 1.63, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 5 which endorses a Strong Sell on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Legg Mason (LM) : The most positive equity analysts on Legg Mason (LM) expects the shares to touch $45, whereas, the least positive believes that the stock will trade at $35 in the short term. The company is covered by 6 Wall Street Brokerage Firms. The average price target for shares are $39 with an expected fluctuation of $3.52 from the mean.


Shares of Legg Mason Inc. rose by 1.8% in the last five trading days and 4.57% for the last 4 weeks. Legg Mason Inc. is up 4.96% in the last 3-month period. Year-to-Date the stock performance stands at -10.87%. Legg Mason (NYSE:LM): stock turned positive on Tuesday. Though the stock opened at $34.12, the bulls momentum made the stock top out at $34.66 level for the day. The stock recorded a low of $34.12 and closed the trading day at $34.53, in the green by 1.74%. The total traded volume for the day was 1,003,547. The stock had closed at $33.94 in the previous days trading.

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.

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