Lennox International Rating Increased to Buy at MKM Partners (LII)
Lennox International (NYSE:LII) was upgraded by MKM Partners from a “neutral” rating to a “buy” rating in a research note issued on Wednesday, AnalystRatingsNetwork reports. The firm currently has a $100.00 target price on the stock, up from their previous target price of $97.00. MKM Partners’ price objective would indicate a potential upside of 17.92% from the stock’s previous close.
Lennox International (NYSE:LII) opened at 84.80 on Wednesday. Lennox International has a one year low of $59.30 and a one year high of $94.69. The stock’s 50-day moving average is $88.52 and its 200-day moving average is $85.43. The company has a market cap of $4.168 billion and a price-to-earnings ratio of 23.12.
Lennox International (NYSE:LII) last posted its quarterly earnings results on Monday, April 21st. The company reported $0.42 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.41 by $0.01. The company had revenue of $695.00 million for the quarter, compared to the consensus estimate of $691.04 million. During the same quarter last year, the company posted $0.33 earnings per share. Lennox International’s revenue was up 4.0% compared to the same quarter last year. Analysts expect that Lennox International will post $4.52 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at UBS AG reiterated a “neutral” rating on shares of Lennox International in a research note on Tuesday, April 22nd. They now have a $87.00 price target on the stock. Separately, analysts at Wells Fargo & Co. upgraded shares of Lennox International from a “market perform” rating to an “outperform” rating in a research note on Monday, April 7th. They now have a $90.00 price target on the stock, up previously from $82.00. Finally, analysts at FBR Capital Markets initiated coverage on shares of Lennox International in a research note on Wednesday, February 19th. They set an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $85.71.
In other Lennox International news, CAO Roy Rumbough sold 3,011 shares of the company’s stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $84.92, for a total value of $255,694.12. Following the sale, the chief accounting officer now directly owns 8,925 shares in the company, valued at approximately $757,911. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Lennox International Inc (NYSE:LII) is a provider of climate control solutions.
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