Barrington Remains a Buy on Ladenburg Thalmann Financial (LTS)


In a report released today, Alexander Paris from Barrington reiterated a Buy rating on Ladenburg Thalmann Financial (NYSE: LTS), with a price target of $4.75. The company’s shares closed yesterday at $3.37.

Paris noted:

“We believe LTS has significant earnings upside as interest rates normalize. Interest revenue from cash sweep has already increased from $2.0 million in 2015 to $22.1 million in 2017, and we estimate it will rise further to $50 million-plus in 2018, above our most recent estimate of $45 million.”

According to TipRanks.com, Paris is a 5-star analyst with an average return of 14.9% and a 59.7% success rate. Paris covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, American Public Education, and Franklin Covey Company.

Currently, the analyst consensus on Ladenburg Thalmann Financial is a Moderate Buy with an average price target of $4.75.

See today’s analyst top recommended stocks >>

The company has a one-year high of $3.84 and a one-year low of $2.36. Currently, Ladenburg Thalmann Financial has an average volume of 178.5K.

Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LTS in relation to earlier this year. Most recently, in May 2018, Brian Genson, a Director at LTS bought 20,000 shares for a total of $37,600.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Ladenburg Thalmann Financial Services, Inc. is a holding company, which engages in investment banking and research, institutional sales and trading, asset management services, wholesale life insurance brokerage and trust services through its principal subsidiaries.

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