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 $2.37, close to its 52-week low of $2.32.
According to TipRanks.com, Paris is a 4-star analyst with an average return of 11.7% and a 55.8% 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.
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Based on Ladenburg Thalmann Financial’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $9.3 million. In comparison, last year the company had a net profit of $1.33 million.
Based on the recent corporate insider activity of 59 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.
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.
