LGN (NASDAQ:LGN) Receives $99.08 Consensus Target Price from Analysts

LGN (NASDAQ:LGN) has been assigned an average rating of “Moderate Buy” from the fourteen research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, ten have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $99.50.

A number of equities research analysts have recently commented on the stock. BTIG Research reaffirmed a “buy” rating and issued a $100.00 target price (down from $120.00) on shares of LGN in a report on Friday, August 14th. Barclays raised their price target on LGN from $60.00 to $80.00 and gave the stock an “equal weight” rating in a report on Monday, June 22nd. Zacks Research raised LGN from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 17th. Guggenheim reaffirmed a “buy” rating and set a $115.00 price objective on shares of LGN in a research note on Tuesday, August 18th. Finally, Bank of America increased their price objective on LGN from $105.00 to $116.00 and gave the stock a “buy” rating in a research report on Friday, August 14th.

Institutional Investors Weigh In On LGN

Several hedge funds have recently modified their holdings of the stock. Assetmark Inc. purchased a new position in LGN in the 4th quarter valued at $31,000. Aster Capital Management DIFC Ltd purchased a new position in LGN during the 4th quarter worth $64,000. KBC Group NV acquired a new stake in shares of LGN in the 1st quarter worth $66,000. Kestra Advisory Services LLC acquired a new stake in shares of LGN in the 4th quarter worth $91,000. Finally, Nykredit A S acquired a new stake in shares of LGN in the 2nd quarter worth $128,000.

LGN Stock Performance

Shares of LGN stock opened at $59.37 on Friday. The firm’s fifty day simple moving average is $71.64 and its 200-day simple moving average is $68.86. LGN has a 12 month low of $26.96 and a 12 month high of $107.24. The stock has a market capitalization of $6.41 billion and a price-to-earnings ratio of 148.42. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.35 and a quick ratio of 1.35.

LGN (NASDAQ:LGN) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.37) earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.63). LGN had a positive return on equity of 4.33% and a negative net margin of 1.20%.The business had revenue of $1.26 billion for the quarter.

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.