LGN (NASDAQ:LGN) Price Target Raised to $125.00

LGN (NASDAQ:LGN) had its price objective upped by equities research analysts at Tigress Financial from $85.00 to $125.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Tigress Financial’s target price suggests a potential upside of 59.09% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. BMO Capital Markets boosted their price objective on LGN from $63.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday. Glj Research assumed coverage on LGN in a research note on Tuesday, April 21st. They set a “buy” rating and a $99.00 price objective for the company. Guggenheim boosted their price objective on LGN from $53.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, March 26th. Royal Bank Of Canada boosted their price objective on LGN from $48.00 to $64.00 and gave the stock an “outperform” rating in a research note on Monday, March 30th. Finally, BTIG Research boosted their price objective on LGN from $75.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $86.40.

LGN Stock Performance

Shares of LGN stock traded down $4.74 on Tuesday, hitting $78.57. The company’s stock had a trading volume of 341,084 shares, compared to its average volume of 1,481,444. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.06. LGN has a 1 year low of $26.96 and a 1 year high of $107.24. The firm’s fifty day moving average is $68.53. The firm has a market cap of $8.49 billion and a P/E ratio of -7,904.00.

LGN (NASDAQ:LGN) last posted its quarterly earnings data on Thursday, May 14th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.06). The business had revenue of $1.04 billion during the quarter. The company’s revenue was up 105.2% on a year-over-year basis. As a group, analysts forecast that LGN will post 1.29 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Assetmark Inc. acquired a new position in shares of LGN during the 4th quarter worth approximately $31,000. KBC Group NV acquired a new position in shares of LGN during the 1st quarter worth approximately $66,000. Aster Capital Management DIFC Ltd acquired a new position in shares of LGN during the 4th quarter worth approximately $64,000. Clearbridge Investments LLC boosted its holdings in shares of LGN by 0.4% during the 4th quarter. Clearbridge Investments LLC now owns 401,667 shares of the company’s stock worth $17,288,000 after purchasing an additional 1,667 shares during the last quarter. Finally, Symmetry Investments LP boosted its holdings in shares of LGN by 21.9% during the 4th quarter. Symmetry Investments LP now owns 9,750 shares of the company’s stock worth $420,000 after purchasing an additional 1,750 shares during the last quarter.

About LGN

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.