LGN’s (LGN) Buy Rating Reiterated at Guggenheim

Guggenheim restated their buy rating on shares of LGN (NASDAQ:LGN) in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a $115.00 target price on the stock.

A number of other analysts have also weighed in on the stock. Tigress Financial raised their target price on shares of LGN from $85.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, May 19th. Bank of America upped their price target on shares of LGN from $105.00 to $116.00 and gave the stock a “buy” rating in a report on Friday, August 14th. Royal Bank Of Canada dropped their price target on LGN from $106.00 to $101.00 and set an “outperform” rating for the company in a research note on Wednesday, July 22nd. Loop Capital began coverage on LGN in a report on Wednesday, April 29th. They set a “buy” rating and a $96.00 price objective on the stock. Finally, BMO Capital Markets boosted their price objective on LGN from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, LGN currently has an average rating of “Moderate Buy” and a consensus price target of $99.50.

LGN Stock Down 3.9%

LGN stock opened at $60.08 on Tuesday. The firm has a 50-day moving average price of $72.17 and a 200-day moving average price of $68.92. LGN has a 12 month low of $26.96 and a 12 month high of $107.24. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $6.49 billion and a P/E ratio of 150.20.

LGN (NASDAQ:LGN) last announced its quarterly earnings results on Thursday, August 13th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.63). The company had revenue of $1.26 billion for the quarter. LGN had a negative net margin of 1.20% and a positive return on equity of 4.33%.

Hedge Funds Weigh In On LGN

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