Lennox International Upgraded to “Buy” by KeyCorp (LII)
Lennox International (NYSE:LII) was upgraded by research analysts at KeyCorp from a “hold” rating to a “buy” rating in a report released on Friday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. Analysts at MKM Partners upgraded shares of Lennox International from a “neutral” rating to a “buy” rating in a research note on Friday, May 16th. They now have a $100.00 price target on the stock, up previously from $97.00. Finally, analysts at JPMorgan Chase & Co. upgraded shares of Lennox International from a “neutral” rating to an “overweight” rating in a research note on Monday, May 5th. They now have a $98.00 price target on the stock, up previously from $94.00. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. Lennox International presently has an average rating of “Buy” and a consensus price target of $87.80.
Shares of Lennox International (NYSE:LII) opened at 87.88 on Friday. Lennox International has a 52-week low of $59.30 and a 52-week high of $94.69. The stock’s 50-day moving average is $84.73 and its 200-day moving average is $86.48. The company has a market cap of $4.319 billion and a price-to-earnings ratio of 23.72.
Lennox International (NYSE:LII) last posted its quarterly earnings results on Monday, April 21st. The company reported $0.42 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.33 earnings per share. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, analysts predict that Lennox International will post $4.52 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Thursday, June 26th. This is a boost from Lennox International’s previous quarterly dividend of $0.24.
Lennox International Inc (NYSE:LII) is a provider of climate control solutions.
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