An interesting stock that came up in some of our conversations today is Ladenburg Thalmann Financial Services Inc. (NYSE:LTS). At current price of $3.76, the shares have already lost -0.11 points (-2.84% lower) from its previous close of $3.87. Should you buy or avoid them? The stock sets an active trading volume day with a reported 284409 contracts so far this session. LTS shares had a relatively better volume day versus average trading capacity of 226.52 thousand shares, but with a 99.83 million float and a 5.74% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for LTS stock indicates that the average analyst price target is $5.25 per share. This means the stock has a potential increase of 39.63% from where the LTS share price has been trading recently which is between $3.84 and $4. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $5.25.
The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “Ladenburg Thalmann (LTS) Reports Q1 Loss, Misses Revenue Estimates” and dated May 09, 2019.
During the recent trading session for Ladenburg Thalmann Financial Services Inc. (NYSE:LTS), the company witnessed their stock rise $0.13 over a week and surge $0.5 from the price 20 days ago. When compared to their established 52-week high of $4.02, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 05/06/19. The recent low of $2.15 stood for a -6.47% since 12/27/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 1.46 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Ladenburg Thalmann Financial Services Inc., the two-week RSI stands at 60.15. This figure suggests that LTS stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current LTS readings is similarly very revealing as it has a stochastic reading of 66.32% at this stage. This figure means that LTS share price today is being neutral.
Technical chart claims that Ladenburg Thalmann Financial Services Inc. (LTS) would settle between $3.97/share to $4.06/share level. However, if the stock price goes below the $3.81 mark, then the market for Ladenburg Thalmann Financial Services Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $3.74 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 0.06. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at Barrington Research lifted target price for shares of LTS but were stick to Outperform recommendation for the stock in their opinion released on May 10. The price target has been raised from $5 to $4. Barrington Research, analysts launched coverage of Ladenburg Thalmann Financial Services Inc. (NYSE:LTS) stock with a Outperform recommendation, according to their flash note issued to investors on October 17.
LTS equity has an average rating of 2, with the figure leaning towards a bullish end. 1 analysts who tracked the company were contacted by Reuters. Amongst them, 0 rated the stock as a hold while the remaining 1 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 1 analysts rated Ladenburg Thalmann Financial Services Inc. (NYSE:LTS) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, LTS stock price is currently trading at 25.8X forward 12-month Consensus EPS estimates, and its P/S ratio is 0.41 while for the average stock in the same group, the multiple is 2.7.