Life Storage Inc (NYSE:LSI) Is Now Covered By BMO Capital. What can We Expect?

September 17, 2017 - By Richard Conner

 Life Storage Inc (NYSE:LSI) Is Now Covered By BMO Capital. What can We Expect?

Why Has BMO Capital Given Life Storage Inc (NYSE:LSI) a $73.0 Price Target

New York: Life Storage Inc (NYSE:LSI) coverage was initiated with a key ‘Sell’ rating as well as a $73.0 target price per share at BMO Capital. The price target by BMO Capital gives downside of -9.43 % from the previous stock close.

Life Storage Inc (NYSE:LSI) Ratings Coverage

Among 11 analysts covering LSI Corporation (NYSE:LSI), 1 have Buy rating, 3 Sell and 7 Hold. Therefore 9% are positive. LSI Corporation has $105 highest and $70.0 lowest target. $79’s average target is -1.99% below currents $80.6 stock price. LSI Corporation had 19 analyst reports since September 9, 2016 according to SRatingsIntel. The rating was maintained by FBR Capital on Thursday, November 3 with “Mkt Perform”. Suntrust Robinson downgraded the shares of LSI in report on Friday, January 20 to “Hold” rating. The stock of Life Storage Inc (NYSE:LSI) earned “Hold” rating by Jefferies on Monday, July 24. The stock of Life Storage Inc (NYSE:LSI) earned “Buy” rating by Citigroup on Friday, September 9. BMO Capital Markets initiated it with “Sell” rating and $73.0 target in Monday, September 11 report. The rating was downgraded by Robert W. Baird on Thursday, January 5 to “Neutral”. As per Thursday, March 23, the company rating was maintained by BMO Capital Markets. Cantor Fitzgerald downgraded Life Storage Inc (NYSE:LSI) on Friday, May 5 to “Neutral” rating. As per Monday, August 7, the company rating was downgraded by Evercore. The rating was downgraded by FBR Capital on Tuesday, September 12 to “Sell”.

The stock increased 0.55% or $0.44 on September 15, reaching $80.6. About 671,044 shares traded or 3.66% up from the average. Life Storage Inc (NYSE:LSI) has declined 27.61% since September 17, 2016 and is downtrending. It has underperformed by 44.31% the S&P500.

Wall Street await (:) to release earnings on November, 1. Analysts forecast earnings per share of $1.35, up exactly $0.01 or 0.75 % from 2014’s $1.34 EPS. After posting $1.33 EPS for the previous quarter, ‘s analysts now forecast 1.50 % EPS growth.

Life Storage, Inc., formerly Sovran Self Storage, Inc., is a self-administered and self-managed real estate company. The company has market cap of $3.75 billion. The Firm acquires, owns and manages self-storage properties. It has a 70.46 P/E ratio. The Firm owns its assets and conducts its activities through Life Storage LP and subsidiaries of the Operating Partnership.

More important recent Life Storage Inc (NYSE:LSI) news were published by: Barrons.com which released: “Life Storage Set to Top Extra Space” on September 12, 2017, also Businesswire.com published article titled: “Life Storage, Inc. Provides Hurricane Harvey Update”, Businesswire.com published: “Life Storage, Inc. to Present at Bank of America Merrill Lynch 2017 Global …” on September 07, 2017. More interesting news about Life Storage Inc (NYSE:LSI) was released by: Nasdaq.com and their article: “Life Storage Reaches Analyst Target Price” with publication date: September 06, 2017.

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