Is LPL Financial a good stock at the moment?

[Nick Robinson]

[Ilija Rankovic]

Whether a stock can be considered good or not is down to the person analysing it. However, LPL Financial Holdings (NASDAQ:LPLA) does look like an attractive investment at the moment, when looking at it from the perspective of its fundamentals.

The stock has seen a steady increase in trade volumes as analysts declare their bullishness on the stock. The Zacks Consensus Estimate for earnings revised its forecast upward for both 2019 and 2020. On top of that, the stock sports a Zacks Rank #1 (Strong Buy).

The company’s long-term expected earnings growth rate is currently sitting at 15%. On top of that, its stock looks undervalued at the moment if we take a look at its P/S and PEG ratios and compare them to the industry’s ratios. LPL Financial’s shares went up 35.3% in 2019 alone, topping the industry’s rise of 8.7%.