Legg Mason stock: buy or sell?
March 31st, 2020
Legg Mason, Inc. is a publicly owned asset management holding company. Through its subsidiaries, the firm provides investment management and related services to company-sponsored mutual funds and other investment vehicles including pension funds, foundations, endowments, sovereign wealth funds, insurance companies, private banks, family offices, individuals, as well as to global, institutional, and retail clients.
Should I buy Legg Mason stock?Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. Following a trading strategy helps to make decisions easier, quicker and with less hesitations. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
Currently, Legg Mason stock doesn't match any of these trading strategies, so our recommendation is not to buy.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Legg Mason stock a buy?
Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness.Unfortunately, we couldn't detect any rating for LM stock for the last 30 days.
Legg Mason stock analysis
Legg Mason gained a slightly good 0.47% and closed at $48.85.
Legg Mason shares gained 0.47% to $48.85 today. On January LM price bounced up over the SMA of 200 days demonstrating to be a significant support for this stock. Since SMA50d and SMA100d crossed up on December, LM price climbed $13.20 per share (37.03%).
Shares of Legg Mason ended this week at $48.85 and inched a slightly good 1.10%. By mid February LM climbed a super good 19.13% in just one week.
Price pattern shows an uptrend with two rising tops and bottoms, and now trading upwards to the $50.28 resistance. Since mid January when LM stock price broke up the SMA40w line, it gained $13.27 (37.30%). Since late April 2019 when SMA20w and SMA40w crossed up, LM price gained $16.67 per share (51.80%).
Legg Mason stock price history
Legg Mason stock went public on August 1st, 1983 with a price of $0.001. Since then, LM stock surged a inf%, with an average of inf% per year. If you had invested $1,000 in Legg Mason stock in 1983, it would worth $inf today.
1: Adjusted price after possible price splits or reverse-splits.
Legg Mason stock historical price chart
LM stock reached 52-week highs on February/18 at $50.28, and all-time highs 2006-02-01 with a price of 103.6.
Legg Mason stock price targetHow much a stock will be priced tomorrow or next week is quite unpredictable However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last 30 days we have not found any price forecast for Legg Mason stock by any trusted analyst.
Financials and fundamental analysis
Earnings date and Earnings per ShareSince last April, when Legg Mason presented its last earnings report, it . Unfortunately, reported EPS is not yet available in our database.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2018, Legg Mason annual sales escalated a remarkable 8.78% to $3,140.32 million dollars from $2,886.90 marked in 2017. When comparing 2018 vs 2017, on the other hand, profit margin (that is, the net income divided by revenues) inched a 1.21% to 9.08%. Legg Mason fiscal year ends in March, and to compare its evolution since then, we estimate annual sales and income figures by adding results from the last 4 quarters. This is called TTM (or Twelve Trailing Months). So, Legg Mason TTM sales up to were $2,210.65 and earnings $-78.00 M USD. When comparing this TTM figures with the last reported annuality, we can review Legg Mason business evolution since March 2018: Annual revenues up to , compared to lastest yearly report, collapsed a scary -29.60%. Regarding profit margin, Legg Mason plummed -12.61% to 9.08%
|2013||$2,610 M||-||$-353.33 M-13.5%||-|
|2014||$2,750 M||5.36%||$285 M10.4%||-180.60%|
|2015||$2,819 M||2.51%||$237 M8.4%||-16.75%|
|2016||$2,661 M||-5.61%||$-25.03 M-0.9%||-110.56%|
|2017||$2,887 M||8.50%||$227 M7.9%||-1,007.86%|
|2018||$3,140 M||8.78%||$285 M9.1%||25.44%|
|TTM||$2,211 M||-29.60%||$-78.00 M-3.5%||-127.36%|
Quarterly financial resultsLegg Mason posted million in sales for 2019-Q1, a -100.00% less compared to previous quarter. Reported quarter income marked M with a profit margin of . Profit margin stayed constant a 0.00% compared to previous quarter when profit margin was -30.79%. When comparing revenues to same quarter last year, Legg Mason sales marked a chilling drop down and plunged a -100.00%. Looking back to recent quarterly results, Legg Mason posted 2 positive quarters in a row.
|2017-Q1||$723 M||-||$73.37 M10.1%||-|
|2017-Q2||$778 M||7.62%||$49.18 M6.3%||-32.97%|
|2017-Q3||$770 M||-1.03%||$72.98 M9.5%||48.39%|
|2017-Q4||$793 M||2.98%||$149.22 M18.8%||104.47%|
|2018-Q1||$785 M||-1.01%||$9.27 M1.2%||-93.79%|
|2018-Q2||$748 M||-4.73%||$66.09 M8.8%||613.02%|
|2018-Q3||$758 M||1.41%||$72.80 M9.6%||10.16%|
|2018-Q4||$704 M||-7.13%||$-216.89 M-30.8%||-397.91%|
Legg Mason ownershipWhen you are planning to buy shares of a stock, it's worth to have a look its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Legg Mason, 2.29% of all outstanding shares are owned by its staff.
Bearish positions for LM stock account 0.00%, no big difference from last month.
For a better understanding, the next table shows ownership data compared to other related stocks:
|Market cap||$4.2 B|
|Total shares||86.9 M|
|Float shares||85.5 M|
|- Institutional holdings (%)||87.9%|
|- Insider holdings (%)||2.3%|
|Shares in short selling||0.0%|
Legg Mason summary
|Tuesday, March 31st, 2020|
|Day range||$48.32 - $48.99|
|Average true range||$1.81|
|50d mov avg||$45.04|
|100d mov avg||$40.98|
|200d mov avg||$38.59|
Legg Mason performanceTo measure stock performance is always good to benchmark with competitors or related stocks. We compared Legg Mason against in the following table: