LGN (NASDAQ:LGN) Given Average Rating of “Moderate Buy” by Brokerages

LGN (NASDAQ:LGN) has earned an average rating of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $53.75.

LGN has been the subject of several analyst reports. The Goldman Sachs Group upped their price objective on LGN from $46.00 to $52.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Barclays boosted their target price on LGN from $37.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Friday, January 23rd. Weiss Ratings assumed coverage on LGN in a report on Wednesday, January 14th. They issued a “sell (d+)” rating for the company. Tigress Financial raised their price objective on shares of LGN from $54.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Finally, Stifel Nicolaus boosted their price objective on shares of LGN from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, January 26th.

LGN Trading Up 16.8%

NASDAQ:LGN opened at $55.24 on Friday. LGN has a 12 month low of $26.96 and a 12 month high of $55.48. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.57 and a current ratio of 1.57.

Hedge Funds Weigh In On LGN

Hedge funds have recently made changes to their positions in the company. Assetmark Inc. purchased a new stake in shares of LGN in the 4th quarter valued at about $31,000. Aster Capital Management DIFC Ltd purchased a new position in LGN during the 4th quarter worth approximately $64,000. Kestra Advisory Services LLC acquired a new position in LGN during the fourth quarter worth approximately $91,000. Clearstead Advisors LLC acquired a new position in LGN during the fourth quarter worth approximately $140,000. Finally, Comerica Bank purchased a new stake in LGN in the fourth quarter valued at approximately $192,000.

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.