Life Time Fitness Price Target Increased to $64.00 by Analysts

Life Time Fitness Price Target Increased to $64.00 by Analysts

Equities research analysts at Oppenheimer increased their price target on shares of Life Time Fitness (NYSE:LTM) from $54.00 to $64.00 in a research note issued to investors on Thursday, AnalystRatingsNetwork reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s target price indicates a potential upside of 13.94% from the company’s current price.

Several other analysts have also recently commented on the stock. Analysts at Wedbush raised their price target on shares of Life Time Fitness from $56.00 to $60.00 in a research note to investors on Thursday, June 20th. They now have an “outperform” rating on the stock. Separately, analysts at Stifel Nicolaus raised their price target on shares of Life Time Fitness from $54.00 to $56.00 in a research note to investors on Tuesday, May 7th. They now have a “buy” rating on the stock. Finally, analysts at Imperial Capital raised their price target on shares of Life Time Fitness from $45.00 to $50.00 in a research note to investors on Tuesday, April 30th. They now have an “in-line” rating on the stock.

Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $56.73.

Shares of Life Time Fitness (NYSE: LTM) opened at 56.17 on Thursday. Life Time Fitness has a one year low of $39.10 and a one year high of $56.50. The stock’s 50-day moving average is currently $51.14. The company has a market cap of $2.330 billion and a P/E ratio of 20.73.

Life Time Fitness (NYSE:LTM) last posted its quarterly earnings results on Thursday, April 25th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.02. The company had revenue of $290.70 million for the quarter, compared to the consensus estimate of $286.92 million. During the same quarter in the previous year, the company posted $0.62 earnings per share. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. Life Time Fitness has set its FY13 guidance at $2.87-2.95 EPS. Analysts expect that Life Time Fitness will post $2.92 EPS for the current fiscal year.

Life Time Fitness, Inc, operates multi-use sports and athletic, professional fitness, family recreation and spa centers in a resort-like environment.