The Goldman Sachs Group Raises LGN (NASDAQ:LGN) Price Target to $52.00

LGN (NASDAQ:LGN) had its price objective hoisted by research analysts at The Goldman Sachs Group from $46.00 to $52.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective points to a potential upside of 0.83% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. Weiss Ratings started coverage on LGN in a research report on Wednesday, January 14th. They issued a “sell (d+)” rating on the stock. Barclays lifted their price target on shares of LGN from $37.00 to $45.00 and gave the company an “equal weight” rating in a report on Friday, January 23rd. Stifel Nicolaus increased their price objective on shares of LGN from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Monday. Tigress Financial raised their target price 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, Zacks Research upgraded shares of LGN from a “hold” rating to a “strong-buy” rating in a report on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.75.

LGN Stock Performance

Shares of LGN stock opened at $51.57 on Wednesday. LGN has a fifty-two week low of $26.96 and a fifty-two week high of $52.74. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.98.

Institutional Investors Weigh In On LGN

Institutional investors and hedge funds have recently made changes to their positions in the stock. Assetmark Inc. acquired a new position in shares of LGN in the fourth quarter worth approximately $31,000. Comerica Bank acquired a new stake in LGN during the 4th quarter valued at approximately $192,000. Freestone Capital Holdings LLC bought a new position in LGN during the 4th quarter worth approximately $1,153,000. Harbor Capital Advisors Inc. acquired a new position in shares of LGN in the 4th quarter worth approximately $1,220,000. Finally, Pictet Asset Management Holding SA bought a new stake in shares of LGN in the 4th quarter valued at $1,722,000.

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.