Stock To Watch: Legg Mason, Inc. (NYSE:LM)


The leading market experts have placed a mean price target of $40.330 on Legg Mason, Inc. (NYSE:LM) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.680 a share for the upcoming quarter and $2.300 for the current fiscal.

Technical View

The technical analysis of Legg Mason, Inc. Common Stock plainly substantiates that the 50-day moving average of Legg Mason, Inc. Common Stock is $31.908, and stock is trading $2.367 points away or +7.419% from its 50-day moving average of $31.908. Further it is trading $2.498 or +7.861% away its 200-day moving average of $31.777. Legg Mason, Inc. (NYSE:LM) 52-week high is $48.980 and the 52-week low is $24.930.

This explains if the stock moves $-14.705, it will post a 52-week high. In event of +37.485% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Legg Mason, Inc. Common Stock, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Legg Mason, Inc. (NYSE:LM) ratio came in at N/A.

The stock last ended the trading session at $34.275 and registered a market cap of $3.55B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Legg Mason, Inc. (NYSE:LM) PEG ratio is at 1.010.

1 Chart Pattern Every Investor Should Know

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