LGN (NASDAQ:LGN) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of LGN (NASDAQ:LGN) have received a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $53.75.

Several research firms have commented on LGN. Stifel Nicolaus lifted their price target on LGN from $50.00 to $58.00 and gave the company a “buy” rating in a report on Monday. Tigress Financial lifted their price target on shares of LGN from $54.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Zacks Research upgraded shares of LGN from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 16th. Weiss Ratings assumed coverage on shares of LGN in a research report on Wednesday, January 14th. They issued a “sell (d+)” rating on the stock. Finally, The Goldman Sachs Group increased their target price on LGN from $46.00 to $52.00 and gave the stock a “buy” rating in a research report on Wednesday.

LGN Price Performance

Shares of LGN stock traded up $0.31 on Wednesday, hitting $50.25. The company’s stock had a trading volume of 365,894 shares, compared to its average volume of 1,216,511. LGN has a 52-week low of $26.96 and a 52-week high of $52.74. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.98.

Hedge Funds Weigh In On LGN

A number of large investors have recently made changes to their positions in LGN. Assetmark Inc. bought a new position in LGN in the 4th quarter worth approximately $31,000. Freestone Capital Holdings LLC bought a new position in LGN in the fourth quarter valued at $1,153,000. Harbor Capital Advisors Inc. acquired a new position in shares of LGN during the 4th quarter worth approximately $1,220,000. LBP AM SA acquired a new position in shares of LGN during the 4th quarter worth about $2,887,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of LGN during the 4th quarter worth approximately $3,179,000.

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.