RBC Capital analyst Kenneth Lee maintained a Hold rating on Legg Mason (NYSE:LM) on Tuesday, setting a price target of $50, which is approximately 0.32% above the present share price of $49.84.
Lee expects Legg Mason to post earnings per share (EPS) of $0.71 for the second quarter of 2020.
The current consensus among 7 TipRanks analysts is for a Hold rating of shares in Legg Mason, with an average price target of $50.
The analysts price targets range from a high of $50 to a low of $50.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $719.59 million and a net profit of $166.5 million. The company's market cap is $4.39 billion.
According to TipRanks.com, RBC Capital analyst Kenneth Lee is a 1-star analyst with an average return of -5.0% and a 41.8% success rate.
Legg Mason, Inc. provides securities brokerage, trading and investment services. The firm's segment includes Global Asset Management. The segment: Global Asset Management provides investment advisory services to institutional and individual clients and to company-sponsored investment funds. It also offers Mutual Funds, ETFs, Closed-End Funds, Managed Accounts, Money Market Funds, Variable Investments and 529 College Savings Plans. The company was founded in 1981 and is headquartered in Baltimore, MD.