LGN (NASDAQ:LGN) Receives Average Recommendation of “Moderate Buy” from Analysts

LGN (NASDAQ:LGN) has been given a consensus rating of “Moderate Buy” by the fourteen research firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, ten have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $99.0833.

LGN has been the topic of a number of analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of LGN in a report on Friday, June 26th. Tigress Financial boosted their target price on shares of LGN from $85.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, May 19th. Royal Bank Of Canada dropped their target price on LGN from $106.00 to $101.00 and set an “outperform” rating on the stock in a report on Wednesday, July 22nd. Bank of America raised their price target on LGN from $105.00 to $116.00 and gave the company a “buy” rating in a research note on Friday. Finally, Loop Capital started coverage on LGN in a report on Wednesday, April 29th. They set a “buy” rating and a $96.00 price target for the company.

LGN Stock Up 5.0%

Shares of NASDAQ:LGN opened at $66.38 on Friday. The firm’s 50 day moving average price is $73.77 and its 200 day moving average price is $68.40. The stock has a market cap of $7.17 billion and a price-to-earnings ratio of 288.61. LGN has a fifty-two week low of $26.96 and a fifty-two week high of $107.24. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.06.

LGN (NASDAQ:LGN) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.63). LGN had a positive return on equity of 4.48% and a negative net margin of 1.20%.The firm had revenue of $1.26 billion during the quarter. As a group, equities research analysts predict that LGN will post 1.24 earnings per share for the current fiscal year.

LGN News Summary

Here are the key news stories impacting LGN this week:

• Positive Sentiment: Legence reported record second-quarter revenue of $1.26 billion, up 111% year over year, while adjusted EBITDA rose 114% to $154.6 million. Organic revenue growth excluding the Bowers acquisition was 60%, indicating substantial underlying demand. Legence Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Management raised its 2026 revenue outlook to $4.7 billion-$4.8 billion from $4.1 billion-$4.3 billion and lifted adjusted EBITDA guidance to $565 million-$585 million from $470 million-$490 million. Third-quarter revenue guidance of $1.225 billion-$1.275 billion also exceeds the reported consensus estimate. Legence Raises 2026 Guidance
• Positive Sentiment: Backlog and awarded contracts reached a record $5.67 billion, up 105% year over year, providing improved revenue visibility. Demand was particularly strong in data centers and technology, as well as life sciences, government and education.
• Positive Sentiment: Bank of America raised its LGN price target to $116 from $105 and assigned a Buy rating. BMO also increased its target to $105 from $100 and rated the shares Outperform. Both targets imply substantial upside from recent trading levels. Analyst Price Target Revisions
• Neutral Sentiment: BTIG reaffirmed its Buy rating but reduced its price target to $100 from $120, reflecting a more cautious view after the quarterly results. Roth Capital also reiterated a Buy rating.
• Negative Sentiment: Legence reported a loss of $0.37 per share, versus analysts’ expected profit of $0.26. Net loss attributable to Legence widened to $27.8 million from $5.3 million a year earlier, partly reflecting goodwill and long-lived asset impairments.
• Negative Sentiment: Gross margin declined to 17.4% from 21.5%, while adjusted gross margin fell to 18.5% from 21.8%, due to an unfavorable business mix and higher service-delivery costs. Analysts’ mixed reactions, including several price-target reductions, underscore concerns about profitability despite the strong top-line outlook.

Institutional Investors Weigh In On LGN

Several hedge funds and other institutional investors have recently made changes to their positions in LGN. Assetmark Inc. purchased a new stake in LGN during the fourth quarter worth approximately $31,000. KBC Group NV purchased a new position in LGN in the first quarter valued at approximately $66,000. Aster Capital Management DIFC Ltd purchased a new position in LGN in the fourth quarter valued at approximately $64,000. Clearbridge Investments LLC raised its holdings in LGN by 0.4% during the fourth quarter. Clearbridge Investments LLC now owns 401,667 shares of the company’s stock worth $17,288,000 after purchasing an additional 1,667 shares in the last quarter. Finally, Symmetry Investments LP raised its holdings in LGN by 21.9% during the fourth quarter. Symmetry Investments LP now owns 9,750 shares of the company’s stock worth $420,000 after purchasing an additional 1,750 shares in the last quarter.

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.