Morgan Stanley (NYSE:MS) analyst Michael Cyprys maintained a Hold rating on LPL Financial (NASDAQ:LPLA) Holdings Inc. on Tuesday, setting a price target of $62, which is approximately 0.03% above the present share price of $61.98.
Cyprys expects LPL Financial Holdings Inc. to post earnings per share (EPS) of $1.57 for the second quarter of 2020.
The current consensus among 7 TipRanks analysts is for a Moderate Buy rating of shares in LPL Financial, with an average price target of $68.43.
The analysts price targets range from a high of $95 to a low of $53.
In its latest earnings report, released on 12/31/2019, the company reported a quarterly revenue of $506.75 million and a net profit of $0. The company's market cap is $4.87 billion.
According to TipRanks.com, Morgan Stanley analyst Michael Cyprys is a 4-star analyst with an average return of 3.1% and a 53.6% success rate.
LPL Financial Holdings, Inc. serves independent financial advisors and financial institutions, providing them with the technology, research, clearing and compliance services, and practice management programs they need to create and grow their practices. It provide objective financial guidance to millions of American families seeking wealth management, retirement planning, financial planning and asset management solutions. The company was founded in 1989 and is headquartered in San Diego, CA.