UBS Cuts PT and Estimates on LPL Investment (LPLA); Profitable Growth in Question
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Price: $38.24 -1.06%
Rating Summary:
2 Buy, 10 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 24 | New: 24
Rating Summary:
2 Buy, 10 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 24 | New: 24
Trade LPLA Now!
UBS maintains a 'Neutral' on LPL Investment (NASDAQ: LPLA) price target of $28.00 (from $35.00).
Analyst, Alex Kramm, said, "While strong underlying core metrics (223 new advisors, 10% growth in net new advisory assets) reiterate the appeal of LPLA’s differentiated platform, we believe investors were disappointed that the growth is not flowing through to the bottom line. With the stock trading at 12x our new FY13 EPS estimate of $2.30, we believe the stock could remain range bound until investors see evidence that the company’s targeted 15%-20% growth rate is still achievable."
FY12 EPS estimate cut from $2.17 to $1.96 and FY13 from $2.53 to $2.30.
For an analyst ratings summary and ratings history on LPL Investment click here. For more ratings news on LPL Investment click here.
Shares of LPL Investment closed at $28.02 yesterday, with a 52 week range of $23.04-$38.94.
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Analyst, Alex Kramm, said, "While strong underlying core metrics (223 new advisors, 10% growth in net new advisory assets) reiterate the appeal of LPLA’s differentiated platform, we believe investors were disappointed that the growth is not flowing through to the bottom line. With the stock trading at 12x our new FY13 EPS estimate of $2.30, we believe the stock could remain range bound until investors see evidence that the company’s targeted 15%-20% growth rate is still achievable."
FY12 EPS estimate cut from $2.17 to $1.96 and FY13 from $2.53 to $2.30.
For an analyst ratings summary and ratings history on LPL Investment click here. For more ratings news on LPL Investment click here.
Shares of LPL Investment closed at $28.02 yesterday, with a 52 week range of $23.04-$38.94.
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