LGN (NASDAQ:LGN) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

LGN (NASDAQ:LGN) had its price objective raised by equities researchers at BMO Capital Markets from $63.00 to $100.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ target price would suggest a potential upside of 12.36% from the company’s previous close.

Several other analysts also recently commented on LGN. Zacks Research downgraded shares of LGN from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. Tigress Financial increased their price target on LGN from $60.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. Glj Research started coverage on LGN in a report on Tuesday, April 21st. They set a “buy” rating and a $99.00 price target on the stock. Barclays boosted their price objective on LGN from $37.00 to $45.00 and gave the company an “equal weight” rating in a research report on Friday, January 23rd. Finally, The Goldman Sachs Group upped their price objective on LGN from $63.00 to $72.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $80.90.

LGN Trading Down 11.0%

Shares of NASDAQ:LGN opened at $89.00 on Friday. The company’s 50 day moving average is $67.37. The company has a market cap of $9.62 billion and a P/E ratio of -8,900.00. LGN has a 12-month low of $26.96 and a 12-month high of $107.24. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 1.03.

LGN (NASDAQ:LGN) last released its earnings results on Thursday, May 14th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.06). The business had revenue of $1.04 billion for the quarter. The company’s quarterly revenue was up 105.2% on a year-over-year basis. Equities research analysts predict that LGN will post 1.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On LGN

Several institutional investors have recently bought and sold shares of LGN. Janus Henderson Group PLC lifted its stake in LGN by 128.4% in the 4th quarter. Janus Henderson Group PLC now owns 4,401,402 shares of the company’s stock worth $189,442,000 after purchasing an additional 2,474,220 shares in the last quarter. Westfield Capital Management Co. LP purchased a new position in shares of LGN during the fourth quarter valued at about $69,438,000. Vanguard Group Inc. increased its holdings in shares of LGN by 78.1% in the fourth quarter. Vanguard Group Inc. now owns 3,227,670 shares of the company’s stock worth $138,919,000 after purchasing an additional 1,415,282 shares during the last quarter. Munro Partners lifted its position in shares of LGN by 1,875.9% in the fourth quarter. Munro Partners now owns 1,396,642 shares of the company’s stock worth $60,111,000 after buying an additional 1,325,957 shares in the last quarter. Finally, CI Investments Inc. boosted its stake in LGN by 2,209.7% during the fourth quarter. CI Investments Inc. now owns 788,287 shares of the company’s stock valued at $33,928,000 after buying an additional 754,157 shares during the last quarter.

Key LGN News

Here are the key news stories impacting LGN this week:

• Positive Sentiment: LGN reported record first-quarter revenue of $1.04 billion, up 105% year over year, and adjusted EBITDA rose 132%; the company also lifted full-year 2026 revenue guidance to $4.1 billion-$4.3 billion and EBITDA guidance to $470 million-$490 million. Article: Legence Reports First Quarter 2026 Financial Results
• Positive Sentiment: BTIG raised its price target on LGN to $120 from $75 and reiterated a Buy rating, signaling confidence in the company’s growth outlook. Article: LGN (NASDAQ:LGN) Price Target Raised to $120.00 at BTIG Research
• Neutral Sentiment: Analyst commentary after the earnings report remained constructive overall, highlighting record backlog and awards of $5.38 billion, which supports revenue visibility. Article: Legence Corp (LGN) Q1 2026 Earnings Call Highlights: Record Revenue Growth and Strategic Outlook
• Negative Sentiment: Despite the strong top-line growth, consolidated gross margin fell to 17.9% from 22.1% a year ago, and investors seem concerned that profitability is not improving as fast as revenue. Article: Legence Corp. Earnings Call Highlights Rapid Growth
• Negative Sentiment: LGN also posted earnings of $0.13 per share, below the $0.19 consensus, which may have contributed to a sell-the-news reaction after the stock’s strong run into the print. Article: Legence earnings report

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.