Life Time Fitness Receives Average Rating of “Buy” from Brokerages (NYSE:LTM)
Posted by Logan Wallace on Jul 28th, 2014
Life Time Fitness (NYSE:LTM) has been given a consensus recommendation of “Buy” by the six brokerages that are presently covering the stock, StockRatingsNetwork.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $51.58.
A number of research firms have recently commented on LTM. Analysts at Wedbush downgraded shares of Life Time Fitness from an “outperform” rating to a “neutral” rating in a research note on Monday. They now have a $43.00 price target on the stock, down previously from $56.00. Separately, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Life Time Fitness in a research note on Friday. They now have a $52.00 price target on the stock, down previously from $57.00. Finally, analysts at Feltl & Co. downgraded shares of Life Time Fitness from a “strong-buy” rating to a “buy” rating in a research note on Friday. They now have a $55.50 price target on the stock, down previously from $71.40.
Shares of Life Time Fitness (NYSE:LTM) traded down 3.75% on Monday, hitting $39.48. The stock had a trading volume of 370,235 shares. Life Time Fitness has a 52-week low of $40.15 and a 52-week high of $56.78. The stock has a 50-day moving average of $47.58 and a 200-day moving average of $47.46. The company has a market cap of $1.545 billion and a price-to-earnings ratio of 14.10.
Life Time Fitness (NYSE:LTM) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.76 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.81 by $0.05. The company had revenue of $326.60 million for the quarter, compared to the consensus estimate of $332.20 million. During the same quarter in the prior year, the company posted $0.80 earnings per share. The company’s quarterly revenue was up 6.0% on a year-over-year basis. Analysts expect that Life Time Fitness will post $3.04 EPS for the current fiscal year.
Life Time Fitness, Inc, operates multi-use sports and athletic, professional fitness, family recreation and spa centers in a resort-like environment.