LGN (NASDAQ:LGN) Price Target Raised to $45.00

LGN (NASDAQ:LGN) had its price objective lifted by Barclays from $37.00 to $45.00 in a report published on Friday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other research firms have also commented on LGN. Zacks Research upgraded shares of LGN from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 16th. Weiss Ratings started coverage on LGN in a research note on Wednesday, January 14th. They issued a “sell (d+)” rating on the stock. Finally, Tigress Financial raised their price target on LGN from $54.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $52.50.

LGN Trading Up 2.3%

Shares of NASDAQ LGN opened at $49.77 on Friday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.98. LGN has a 52 week low of $26.96 and a 52 week high of $50.20.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Freestone Capital Holdings LLC acquired a new stake in shares of LGN during the fourth quarter worth $1,153,000. Assetmark Inc. purchased a new position in LGN during the fourth quarter worth about $31,000. Finally, Harbor Capital Advisors Inc. acquired a new stake in LGN in the 4th quarter worth about $1,220,000.

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.