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Do Analysts Agree Thursday on Lakeland Financial Corporation (LKFN) Stock's Target Price?

Thursday, February 22, 2024 02:11 PM | InvestorsObserver Analysts

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Do Analysts Agree Thursday on Lakeland Financial Corporation (LKFN) Stock's Target Price?

InvestorsObserver is giving Lakeland Financial Corporation (LKFN) an Analyst Rating Rank of 14, meaning LKFN is ranked higher by analysts than 14% of stocks. The average price target for LKFN is $72.333 and analyst’s rate the stock as a Buy.

Overall Score - 3.2
Wall Street analysts are rating LKFN a Buy today. Find out what this means to you and get the rest of the rankings on LKFN!

Why are Analyst Ratings Important?

Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers. InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.

What's Happening With Lakeland Financial Corporation Stock Today?

Lakeland Financial Corporation (LKFN) stock is down -1.52% while the S&P 500 is up 2.08% as of 2:09 PM on Thursday, Feb 22. LKFN is lower by -$0.97 from the previous closing price of $63.83 on volume of 39,763 shares. Over the past year the S&P 500 is up 27.42% while LKFN is lower by -13.59%. LKFN earned $3.65 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 17.24. Click Here to get the full Stock Report for Lakeland Financial Corporation stock.

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