Is Ladenburg Thalmann a reliable analyst?

In short — Over 1 year, 81.8% of Ladenburg Thalmann's targets proved profitable, for an average gain of +13.8% per call (all calls, winners and losers) — i.e. +7.0% vs its sector, across 22 timestamped calls replayed against real prices. JPI verdict: fairly reliable. An analyst can be good in one sector and poor in another — details below.

81.8%profitable calls

+13.8%avg gain / call

+7.0%vs sector

22scored calls

In which sectors is Ladenburg Thalmann reliable?

Sector

Calls

% profitable

Avg gain 2015+

Avg gain 2020+

Last 12 months

▸ Utilities

80%

+11.1%

+12.0%

+2.0% (4)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
AEP	▲ Buy	Jun 18, 26	Jun 18, 27	$130.3	🎯$143	$137.53	+10%	+6% so far
EIX	▼ Sell	Mar 5, 26	Mar 5, 27	$71.22	🎯$63	$75.74	-12%	+6% so far
AEP	▲ Buy	Mar 4, 26	Mar 4, 27	$133.52	🎯$148	$137.53	+11%	+3% so far
PEG	▲ Buy	Jan 7, 26	Jan 7, 27	$77.43	🎯$87.5	$81.79	+13%	+6% so far
EVRG	▲ Buy	Jan 2, 25	Jan 2, 26	$61.64	🎯$68.5	$73.35	+11%	+18.6%
CNP	▲ Buy	Dec 12, 24	Dec 12, 25	$31.94	🎯$34.5	$38.33	+8%	+19.6%
EIX	▼ Sell	Nov 1, 24	Nov 1, 25	$81	🎯$73.5	$54.27	-9%	+32.9%
ATO	▲ Buy	Oct 2, 24	Oct 2, 25	$139.22	🎯$150.5	$169.85	+8%	+22.3%

Sample (4 recent finished + 4 in progress) of 20 calls.

The stocks Ladenburg Thalmann covers (track record per stock)

Stock

Calls

% profitable

Avg gain 2015+

Avg gain 2020+

Last 12 months

▸ ATO Atmos Energy

100%

+17.9%

+22.4%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
ATO	▲ Buy	Oct 2, 24	Oct 2, 25	$139.22	🎯$150.5	$169.85	+8%	+22.3%
ATO	▲ Buy	Sep 9, 24	Sep 9, 25	$133.8	🎯$144	$164.57	+8%	+22.6%
ATO	▲ Buy	Jan 23, 15	Jan 23, 16	$58.66	🎯$65	$63.94	+11%	+8.8%

▸ EIX Edison International

66.7%

+7.5%

-6.3% (1)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
EIX	▼ Sell	Mar 5, 26	Mar 5, 27	$71.22	🎯$63	$75.74	-12%	+6% so far
EIX	▼ Sell	Nov 1, 24	Nov 1, 25	$81	🎯$73.5	$54.27	-9%	+32.9%
EIX	▼ Sell	May 17, 23	May 16, 24	$68.85	🎯$67	$76.42	-3%	-10.8%
EIX	▼ Sell	Apr 3, 23	Apr 2, 24	$70.54	🎯$66	$69.83	-6%	+0.6%

% profitable = share of its calls that made money (1 year). Avg gain / call = average absolute gain per call (winners and losers). Point-in-time, S&P 500 backtest.