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Saturday, September 30, 2023

LPL Financial Holdings Inc. (NASDAQ:LPLA) is Waving the Bull Flag

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LPL Financial Holdings Inc. (LPLA) shares are trading at higher $98.64 and the avg recommendation for the stock is Strong Buy, while the current analyst price target stands at $104.00.

To add more color to this target, the company’s high over the last year is $99.60 and the low is $32.01. Over the last 52 weeks, LPLA is up 7.60% while the S&P 500 is up 17.73%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, LPLA reported a profit of $160.51 million. LPL Financial Holdings Inc. also saw revenues increase to $1.46 billion. In addition, LPLA has free cash flow of $351.71 million as of 09-2020. The company’s EBITDA came in at $206.23 million which compares well with its peers.

LPLA booked profit margins of 8.50%, its Return on Equity (ROE) is 44.90%, and its Return on Assets is 8.10%. All told, it is clear that, LPLA needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. LPLA has a short ratio of 1.95 and outstanding shares of 79.18M.

Company Outlook

LPLA has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.51 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 6.02. Investors should also keep an eye on sector updates as LPLA has historically followed its peers on positive news.

All told, LPL Financial Holdings Inc. LPLA has strung together solid data and demonstrated underlying fundamentals. At its current valuation, LPLA represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

LPL Financial Holdings Inc. LPLA is now commanding a market cap of 7.88B and a float of 78.55M. LPLA is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of LPLA stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in LPLA, either long or short, and we have not been compensated for this article.

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