LGN (NASDAQ:LGN) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of LGN (NASDAQ:LGN) have received a consensus rating of “Moderate Buy” from the twelve ratings firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $93.10.

Several equities analysts recently issued reports on the company. Royal Bank Of Canada raised 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. Stifel Nicolaus boosted their target price on shares of LGN from $58.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, March 31st. Guggenheim increased their target price on shares of LGN from $106.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, July 10th. BMO Capital Markets increased their target price on shares of LGN from $63.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of LGN in a research report on Friday, June 26th.

Institutional Investors Weigh In On LGN

Several institutional investors and hedge funds have recently bought and sold shares of the business. Assetmark Inc. acquired a new position in LGN in the fourth quarter valued at approximately $31,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of LGN during the 4th quarter worth approximately $64,000. KBC Group NV acquired a new stake in shares of LGN during the 1st quarter worth approximately $66,000. Kestra Advisory Services LLC acquired a new stake in shares of LGN during the 4th quarter worth approximately $91,000. Finally, Clearstead Advisors LLC bought a new stake in shares of LGN in the 4th quarter worth approximately $140,000.

LGN Stock Up 6.5%

Shares of NASDAQ LGN opened at $72.55 on Wednesday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.30 and a quick ratio of 1.30. The company’s 50 day moving average price is $81.06. LGN has a 52-week low of $26.96 and a 52-week high of $107.24. The firm has a market capitalization of $7.84 billion and a PE ratio of 315.43.

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 firm had revenue of $1.04 billion during the quarter. LGN’s revenue for the quarter was up 105.2% on a year-over-year basis. On average, analysts anticipate that LGN will post 1.24 EPS for the current year.

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.