LGN (NASDAQ:LGN) Given Consensus Recommendation of “Moderate Buy” by Analysts

LGN (NASDAQ:LGN) has been assigned an average recommendation of “Moderate Buy” from the twelve research firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $88.40.

A number of brokerages have recently issued reports on LGN. Royal Bank Of Canada upped their price target on LGN from $48.00 to $64.00 and gave the company an “outperform” rating in a report on Monday, March 30th. Barclays lifted their price objective on LGN from $60.00 to $80.00 and gave the stock an “equal weight” rating in a report on Monday, June 22nd. Tigress Financial boosted their target price on LGN from $85.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, May 19th. Loop Capital initiated coverage on shares of LGN in a research note on Wednesday, April 29th. They set a “buy” rating and a $96.00 target price on the stock. Finally, The Goldman Sachs Group raised their price target on shares of LGN from $63.00 to $72.00 and gave the company a “buy” rating in a report on Thursday, April 16th.

LGN Price Performance

Shares of NASDAQ LGN opened at $75.83 on Friday. The stock has a market cap of $8.19 billion and a price-to-earnings ratio of 329.70. LGN has a twelve month low of $26.96 and a twelve month high of $107.24. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.30 and a current ratio of 1.30. The stock has a 50 day moving average price of $85.68.

LGN (NASDAQ:LGN) last issued its earnings results 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 business’s revenue was up 105.2% on a year-over-year basis. As a group, equities analysts expect that LGN will post 1.24 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Assetmark Inc. purchased a new stake in LGN in the fourth quarter worth approximately $31,000. KBC Group NV purchased a new stake in LGN during the 1st quarter valued at $66,000. Aster Capital Management DIFC Ltd purchased a new stake in LGN during the 4th quarter valued at $64,000. Kestra Advisory Services LLC purchased a new stake in LGN during the 4th quarter valued at $91,000. Finally, Clearstead Advisors LLC bought a new position in shares of LGN during the 4th quarter valued at $140,000.

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.