LGN (NASDAQ:LGN) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

LGN (NASDAQ:LGN) had its price objective increased by investment analysts at Stifel Nicolaus from $50.00 to $58.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 16.14% from the stock’s current price.

Other research analysts have also issued research reports about the stock. Zacks Research raised shares of LGN from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 16th. Barclays lifted their price target on shares of LGN from $37.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Friday, January 23rd. Tigress Financial upped their price objective on shares of LGN from $54.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Finally, Weiss Ratings began coverage on LGN in a report on Wednesday, January 14th. They set a “sell (d+)” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $54.33.

LGN Trading Down 2.4%

LGN stock opened at $49.94 on Monday. 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 twelve month low of $26.96 and a twelve month high of $52.74.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LGN. Assetmark Inc. bought a new stake in LGN during the fourth quarter worth $31,000. Freestone Capital Holdings LLC acquired a new position in shares of LGN during the 4th quarter worth about $1,153,000. Harbor Capital Advisors Inc. bought a new stake in shares of LGN in the 4th quarter valued at about $1,220,000. LBP AM SA acquired a new stake in LGN in the 4th quarter valued at about $2,887,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in LGN during the fourth quarter worth about $3,179,000.

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.