Morgan Stanley disclosed LPL Financial Holdings (NASDAQ:LPLA), boosting its price target to $27.00 earlier today
- Updated: September 25, 2016
Reporting as potential downside of -0.10%, Morgan Stanley upped the price target of LPL Financial Holdings (NASDAQ:LPLA) to $27.00
On 9/13/2016, Zacks Investment Research released a statement on LPL Financial Holdings (NASDAQ:LPLA) upped the target price from $0.00 to $33.00 that suggested an upside of 0.13%.
Having a price of $30.07, LPL Financial Holdings (NASDAQ:LPLA) traded -1.12% lower on the day. With the last close up 17.20% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. The company has recorded a 50-day moving average of $28.83 and a 200-day moving average of $25.66. 202,588 shares of LPLA traded hands, down from an average trading volume of 670,812
Recent Performance Chart
LPL Financial Holdings has 52 week low of $15.38 and a 52 week high of $48.00 with a PE ratio of 16.76 and has a market capitalization of $0.
Also covering LPL Financial Holdings's price target, a total of 8 brokers have issued a report on the company. The average stock price target is $27.19 with 0 firms rating the stock a strong buy, two equity analysts rating the company a buy, 7 brokerages rating the company a hold, two brokers rating the stock a underperform, and finally zero equity analysts rating the stock a sell.
About LPL Financial Holdings (NASDAQ:LPLA)
LPL Financial Holdings Inc. is a broker-dealer, a custodian for registered investment advisors (RIAs) and an independent consultant to retirement plans. The Company provides a platform of brokerage and investment advisory services to independent financial advisors (its advisors), including financial advisors at approximately 700 financial institutions across the country. Through its advisors, the Company is a distributor of financial products and services in the United States. The Company provides its technology and service to advisors through a technology platform that is server-based and Web-accessible. The Company's platform provides access to approximately 790 product providers that offer the various product lines, such as insurance-based products, alternative investments, structured products, mutual funds, separately managed accounts, exchange traded products, unit investment trusts, retirement plan products and annuities.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.