Life Time Fitness Lowered from Buy to Hold (NYSE:LTM)

Life Time Fitness Lowered from Buy to Hold (NYSE:LTM)

Stifel Nicolaus lowered shares of Life Time Fitness (NYSE:LTM) from a buy rating to a hold rating in a research report released on Tuesday morning, TheFlyOnTheWall.com reports. Stifel Nicolaus currently has $52.00 price objective on the stock. The analysts noted that the move was a valuation call.

Shares of Life Time Fitness (NYSE:LTM) traded down 1.45% on Tuesday, hitting $55.89. The stock had a trading volume of 183,981 shares. Life Time Fitness has a 1-year low of $38.01 and a 1-year high of $57.60. The stock has a 50-day moving average of $55.17 and a 200-day moving average of $50.36. The company has a market cap of $2.106 billion and a P/E ratio of 19.07.

Separately, analysts at Zacks downgraded shares of Life Time Fitness from an outperform rating to a neutral rating and set a $60.20 price target on the stock in a research note on Monday, November 17th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $52.45.

Life Time Fitness, Inc, operates multi-use sports and athletic, professional fitness, family recreation and spa centers in a resort-like environment. As of February 28, 2013, the Company operated 105 centers under the LIFE TIME FITNESS and LIFE TIME ATHLETIC SM brands primarily in suburban locations in 28 major markets in the United States and Canada.