LGN (NASDAQ:LGN) Given Consensus Rating of “Moderate Buy” by Analysts

LGN (NASDAQ:LGN) has earned an average rating of “Moderate Buy” from the twelve research firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $96.80.

Several analysts recently weighed in on the stock. Royal Bank Of Canada reduced their price objective on shares of LGN from $106.00 to $101.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 22nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of LGN in a research report on Friday, June 26th. BMO Capital Markets lifted their target price on LGN from $63.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Barclays lifted their target price on LGN from $60.00 to $80.00 and gave the stock an “equal weight” rating in a report on Monday, June 22nd. Finally, The Goldman Sachs Group upped their price target on LGN from $63.00 to $72.00 and gave the company a “buy” rating in a research report on Thursday, April 16th.

Institutional Trading of LGN

Several institutional investors have recently added to or reduced their stakes in the stock. Assetmark Inc. acquired a new stake in LGN during the 4th quarter valued at approximately $31,000. KBC Group NV acquired a new position in shares of LGN in the 1st quarter worth approximately $66,000. Aster Capital Management DIFC Ltd acquired a new position in shares of LGN in the 4th quarter worth approximately $64,000. Kestra Advisory Services LLC bought a new stake in shares of LGN in the 4th quarter valued at $91,000. Finally, Avior Wealth Management LLC bought a new stake in shares of LGN in the 2nd quarter valued at $203,000.

LGN Price Performance

NASDAQ:LGN opened at $59.21 on Wednesday. The stock’s 50 day simple moving average is $79.23. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.06. LGN has a one year low of $26.96 and a one year high of $107.24. The firm has a market cap of $6.40 billion and a P/E ratio of 257.43.

LGN (NASDAQ:LGN) last announced its quarterly earnings results on Thursday, May 14th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.06). The business had revenue of $1.04 billion for the quarter. LGN’s revenue for the quarter was up 105.2% on a year-over-year basis. Equities research analysts expect that LGN will post 1.24 EPS for the current year.

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.