Lennox International Given New $68.00 Price Target at Barclays Capital (LII)
Analysts at Barclays Capital hoisted their price objective on shares of Lennox International (NYSE:LII) from $64.00 to $68.00 in a research report issued to clients and investors on Monday, American Banking News.com reports. The firm currently has an “underweight” rating on the stock. Barclays Capital’s target price indicates a potential downside of 6.50% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs Group Inc. initiated coverage on shares of Lennox International in a research note to investors on Tuesday, October 1st. They set a “neutral” rating and a $79.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Lennox International from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, September 23rd. They now have a $78.40 price target on the stock. Finally, analysts at Zacks upgraded shares of Lennox International from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, July 25th. They now have a $76.40 price target on the stock. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. Lennox International currently has a consensus rating of “Hold” and an average target price of $74.38.
Shares of Lennox International (NYSE:LII) traded down 1.64% on Monday, hitting $72.73. 303,255 shares of the company’s stock traded hands. Lennox International has a 52 week low of $44.97 and a 52 week high of $76.08. The stock has a 50-day moving average of $71.92 and a 200-day moving average of $66.8. The company has a market cap of $3.631 billion and a P/E ratio of 30.52.
Lennox International (NYSE:LII) last released its earnings data on Monday, July 22nd. The company reported $1.31 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.19 by $0.12. The company had revenue of $913.00 million for the quarter, compared to the consensus estimate of $886.03 million. During the same quarter last year, the company posted $0.96 earnings per share. Lennox International’s revenue was up 8.7% compared to the same quarter last year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, October 15th. Investors of record on Thursday, October 3rd will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Tuesday, October 1st.
Lennox International Inc (NYSE:LII) is a provider of climate control solutions.
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