LGN (NASDAQ:LGN) Coverage Initiated by Analysts at Glj Research

Investment analysts at Glj Research initiated coverage on shares of LGN (NASDAQ:LGN) in a research note issued to investors on Tuesday,Benzinga reports. The brokerage set a “buy” rating and a $99.00 price target on the stock. Glj Research’s target price would suggest a potential upside of 30.13% from the stock’s current price.

Other equities analysts also recently issued reports about the company. Tigress Financial upped their price target on LGN from $60.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Zacks Research downgraded LGN from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. BMO Capital Markets increased their price objective on LGN from $46.00 to $63.00 and gave the company an “outperform” rating in a report on Monday, March 30th. Barclays increased their price objective on LGN from $37.00 to $45.00 and gave the company an “equal weight” rating in a report on Friday, January 23rd. Finally, Royal Bank Of Canada increased their price objective on LGN from $48.00 to $64.00 and gave the company an “outperform” rating in a report on Monday, March 30th. Eight equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $70.11.

LGN Stock Performance

Shares of LGN stock opened at $76.08 on Tuesday. The stock’s 50-day moving average is $55.48. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.57 and a current ratio of 1.57. The firm has a market capitalization of $8.22 billion and a P/E ratio of -7,608.00. LGN has a one year low of $26.96 and a one year high of $76.32.

LGN (NASDAQ:LGN) last announced its quarterly earnings results on Friday, March 27th. The company reported ($0.55) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.60). The company had revenue of $737.64 million during the quarter, compared to analysts’ expectations of $616.05 million. LGN’s quarterly revenue was up 34.5% compared to the same quarter last year. On average, sell-side analysts predict that LGN will post 1.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On LGN

Several large investors have recently modified their holdings of LGN. Assetmark Inc. purchased a new stake in shares of LGN during the fourth quarter worth approximately $31,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of LGN during the fourth quarter worth approximately $64,000. Kestra Advisory Services LLC purchased a new stake in shares of LGN during the fourth quarter worth approximately $91,000. Clearstead Advisors LLC purchased a new stake in shares of LGN during the fourth quarter worth approximately $140,000. Finally, Comerica Bank purchased a new stake in shares of LGN during the fourth quarter worth approximately $192,000.

LGN Company Profile

Legence Corp. is a provider of engineering, consulting, installation and maintenance services for mission-critical systems in buildings. The company specializes in designing, fabricating and installing complex HVAC, process piping and other mechanical, electrical and plumbing systems. Legence Corp. is based in SAN JOSE, Calif.