Life Time Fitness (LTM) Given New $44.00 Price Target by UBS AG (UBS) Analysts.

Equities research analysts at UBS AG (NYSE: UBS) boosted their price target on shares of Life Time Fitness (NYSE: LTM) from $37.00 to $44.00 in a research note to investors on Friday. The analysts currently have a “neutral” rating on the stock.

Separately, analysts at Piper Jaffray (NYSE: PJC) upgraded shares of Life Time Fitness from a “neutral” rating to an “overweight” rating in a research note to investors on Wednesday, July 6th. Also, analysts at Oppenheimer (NYSE: OPY) reiterated an “outperform” rating on shares of Life Time Fitness in a research note to investors on Tuesday, April 19th. They now have a $49.00 price target on the stock.

Shares of Life Time Fitness traded down 0.51% during mid-day trading on Monday, hitting $43.07. Life Time Fitness has a 52 week low of $32.77 and a 52 week high of $44.25. The stock’s 50-day moving average is $37.60 and its 200-day moving average is $38.44. The company has a market cap of $1.738 billion and a price-to-earnings ratio of 20.90.

Life Time Fitness last announced its quarterly results on Thursday, July 21st. The company reported $0.63 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.59 EPS by $0.04. The company’s quarterly revenue was up 11.1% on a year-over-year basis. On average, analysts predict that Life Time Fitness will post $0.64 EPS next quarter.

Life Time Fitness, Inc. operates sports and athletic, professional fitness, family recreation and spa centers in a resort-like environment under the LIFE TIME FITNESS and LIFE TIME ATHLETIC brands. As of February 26, 2010, the Company operated 86 centers primarily in suburban locations in 19 states and 24 markets. The model centers focuses 8,500 to 11,500 memberships by offering, on average, 113,000 square feet of multi-use sports and athletic, professional fitness, family recreation, spa amenities and programs and services in a resort-like environment. The centers are situated in residential areas and are accessed and centrally located among the residential, business and shopping districts of the surrounding community.

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