Morgan Stanley Sticks to Their Buy Rating for Life Time Group Holdings (LTH)

In a report released today, Stephen Grambling from Morgan Stanley maintained a Buy rating on Life Time Group Holdings, with a price target of $38.00.

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According to TipRanks, Grambling is a 4-star analyst with an average return of 7.0% and a 61.27% success rate. Grambling covers the Consumer Cyclical sector, focusing on stocks such as Wynn Resorts, Polaris, and Boyd Gaming.

Life Time Group Holdings has an analyst consensus of Strong Buy, with a price target consensus of $40.00.

Based on Life Time Group Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $782.65 million and a net profit of $102.43 million. In comparison, last year the company earned a revenue of $693.23 million and had a net profit of $41.36 million

Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LTH in relation to earlier this year. Earlier this month, Erik Weaver, the EVP & CFO of LTH sold 3,994.00 shares for a total of $117,594.87.