LGN (NASDAQ:LGN) Price Target Raised to $52.00

LGN (NASDAQ:LGN) had its price objective lifted by The Goldman Sachs Group from $46.00 to $52.00 in a research report released on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other research firms have also recently commented on LGN. Weiss Ratings initiated coverage on LGN in a research report on Wednesday, January 14th. They issued a “sell (d+)” rating for the company. Barclays upped their price objective on shares of LGN from $37.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Friday, January 23rd. Zacks Research upgraded shares of LGN from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 16th. Stifel Nicolaus boosted their target price on shares of LGN from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Finally, Tigress Financial raised their price target on shares of LGN from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $53.75.

LGN Trading Down 9.0%

NASDAQ:LGN opened at $46.91 on Wednesday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.98. LGN has a 52 week low of $26.96 and a 52 week high of $52.74.

Institutional Trading of LGN

Several large investors have recently bought and sold shares of LGN. Assetmark Inc. purchased a new position in LGN in the 4th quarter worth approximately $31,000. Comerica Bank acquired a new stake in shares of LGN in the fourth quarter valued at approximately $192,000. Freestone Capital Holdings LLC purchased a new position in LGN during the fourth quarter worth approximately $1,153,000. Harbor Capital Advisors Inc. purchased a new position in LGN during the fourth quarter worth approximately $1,220,000. Finally, Pictet Asset Management Holding SA acquired a new position in LGN during the fourth quarter worth $1,722,000.

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.