LGN (NASDAQ:LGN) Research Coverage Started at Glj Research

Glj Research initiated coverage on shares of LGN (NASDAQ:LGN) in a report issued on Tuesday,Benzinga reports. The brokerage issued a buy rating and a $99.00 price target on the stock.

LGN has been the topic of several other reports. Barclays raised their price target on shares of LGN from $37.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Friday, January 23rd. BMO Capital Markets increased their price objective on shares of LGN from $46.00 to $63.00 and gave the stock an “outperform” rating in a report on Monday, March 30th. The Goldman Sachs Group increased their price objective on shares of LGN from $63.00 to $72.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. BTIG Research increased their price objective on shares of LGN from $45.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, March 27th. Finally, Guggenheim increased their price objective on shares of LGN from $53.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, March 26th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.11.

LGN Price Performance

LGN stock opened at $81.12 on Tuesday. LGN has a 12-month low of $26.96 and a 12-month high of $81.81. The firm has a market cap of $8.76 billion and a PE ratio of -8,112.00. The business’s 50-day moving average price is $57.11. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.57 and a quick ratio of 1.57.

LGN (NASDAQ:LGN) last released its quarterly earnings results on Friday, March 27th. The company reported ($0.55) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.60). The business had revenue of $737.64 million for the quarter, compared to the consensus estimate of $616.05 million. The business’s revenue was up 34.5% compared to the same quarter last year. As a group, analysts forecast that LGN will post 1.31 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of LGN. Assetmark Inc. purchased a new position in shares of LGN during the 4th quarter worth about $31,000. Aster Capital Management DIFC Ltd purchased a new position in shares of LGN during the 4th quarter worth about $64,000. Kestra Advisory Services LLC purchased a new position in shares of LGN during the 4th quarter worth about $91,000. Clearstead Advisors LLC purchased a new position in shares of LGN during the 4th quarter worth about $140,000. Finally, Comerica Bank purchased a new position in LGN in the fourth quarter valued at approximately $192,000.

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.