Wells Fargo analyst Christopher Harris maintained a Hold rating on Legg Mason (LM) on December 6. The company’s shares closed last Monday at $39.14, close to its 52-week high of $40.27.
According to TipRanks.com, Harris is a 4-star analyst with an average return of 9.1% and a 68.0% success rate. Harris covers the Financial sector, focusing on stocks such as BrightSphere Investment Group, Intercontinental Exchange, and Raymond James Financial.
Legg Mason has an analyst consensus of Moderate Buy, with a price target consensus of $44.25.
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Based on Legg Mason’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $64.87 million. In comparison, last year the company had a net profit of $70.23 million.
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Legg Mason, Inc. provides securities brokerage, trading and investment services. The firm’s segment includes Global Asset Management. The segment: Global Asset Management provides investment advisory services to institutional and individual clients and to company-sponsored investment funds.
