Looking at top Wall Street opinions, Legg Mason, Inc. (NYSE: LM) has recently made its way into the research list of Citigroup – signaling that their analyst’s rating adjustment is noteworthy. This stock was upgraded to a rating of Buy in the eyes of Citigroup, whereas its previous rating was Neutral in the eyes of Citigroup, as reported on Tuesday, February 5th, 2019. Another heavy-hitting research note was published by BofA/Merrill on Friday January 11th, 2019, with this firm upgrading LM to an updated rating of Neutral from its previous rating of Underperform. In the past six months and three months of trading, shares of Legg Mason, Inc. (LM) have moved by 14.11% and 9.20%, respectively.
Brokerage Updates Related to Legg Mason, Inc. (LM) Stock
This publicly-traded organization generated losses of -2.26% over the last 5 sessions. Right now, this stock is the subject of 12 analysts’ evaluations, who – on average – have given this company’s shares a Buy rating. Of the latest market expert opinions, 2 have given an underperform rating, 0 has given a sell rating, and 2 have given a rating of Buy or better. Based on the 12 stock market experts following this company, the average 12-month price target is $32.73. Moreover, individual price targets range between $25.00-$37.00. With its recent move to $34.00, we can see that these firms project this stock will loss by -15.81% in one year.
Updates from Legg Mason, Inc. (LM) SEC Form 4
This particular company’s shares have garnered a lot of attention in recent days, as insiders are unloading their holdings while having generated a 1.20% rise since the beginning of the calendar year. A Executive Vice President at Legg Mason, Inc. (LM) sold off some of its shares in a transaction that was finalized on Sep 24. Similarly, Merchant Thomas C sold 2,537 shares of the organization’s stock at $38.80 apiece and racked up $98,436 in earnings from the sale. Now, Merchant Thomas C holds 66,204 shares of the company following the exchange. A Sr. Executive Vice President of the organization named SULLIVAN JOSEPH A, was engaged in a transaction that occurred on May 16 that managed to be worth $1,216,060 from the sale of 31,336 common shares at a price of $38.81 per individual share.
Legg Mason, Inc. (NYSE:LM) Results in the Pipeline
The next scheduled release of financial results for Legg Mason, Inc. will be for the Dec-18 quarter. As it stands right now, market analysts are anticipating the per-share earnings for the three-month period will be $0.67. In the same vein, they expect sales for the quarter to amount to $724.61 million.
Now let’s turn to earnings surprise history: in the most recent quarter, the company reported about $704.32 million in revenue alongside EPS at $0.73. On average, the analyst projection was calling for $758.43 million with $0.84 per share in earnings, respectively. In the preceding quarter, this company’s revenue reached $747.91 million, with earnings per share ending up at $0.79.
NiSource Inc. (NYSE:NI) experienced a gain of 0.78% from the closing price in the previous trading day. That boost the price to $28.30 per share, as observed on December 31st, 1969, at a time when the total trading volume reached 2,787,676 shares of stock – compared to the typical average of 2.96M shares per day (as recorded over the past three months). The consensus estimate for these shares has been shifted to $28.91.
Pricing Indications for NiSource Inc. (NI)
This organization has had a price-to-earnings ratio of in the last year. Meanwhile, it gained 27.87 from its observable 50-day simple moving average. Right at this moment, the per-share value is 6.34% higher than the mean per-share price over the last 200 days in the market.
NiSource Inc. (NYSE:NI) In-Depth Brokerage Insights
We can see that a number of brokerage firms are putting their focus onto this stock. Out of this group, 0 have a sell rating, 3 have a Buy rating, 3 have an outperform rating, while 7 provided a Hold rating for these shares – thanks to data from Thomson Reuters I/B/E/S. Additionally, 0 have recommended that these shares are an Underperforming investment. The current consensus recommendation is at 2.30, based on information from Thomson Reuters.
NI Stock Value Potential
In trading activity as of late, this stock’s value was 26.63 up from its 200 day moving average, while also 1.64% up when compared against its 50-day simple moving average. Over the course of the past year of trading, the share price stuck in the range of $27.00-$31.00. The market value for the entire organization reached 10.57B. In the last trading session, the price ended the day at $28.08. The institutional holdings related to this organization account for 0.30%, and the Beta factor is now 0.25. This company’s RSI (Relative Strength Index) managed to hit 59.52.
NiSource Inc. (NYSE:NI) Analyst Points of Focus
NiSource Inc. (NI) has found itself inside of BofA/Merrill’s research list, so their analyst rating adjustment is worth taking note of. This stock was downgraded to Neutral, compared to its previous rating of Buy by BofA/Merrill, as garnered from a news report on Monday April 22nd, 2019. An additional helpful research note was sent out by Goldman’s on Monday April 8th, 2019. The brokerage decided to upgrade NI to Buy from its previous rating of Neutral.