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

LGN (NASDAQ:LGN) has earned a consensus rating of “Moderate Buy” from the twelve analysts that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $86.40.

LGN has been the subject of several recent analyst reports. Guggenheim lifted their price target on LGN from $53.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, March 26th. BMO Capital Markets boosted their price target on LGN from $63.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Tigress Financial upped their target price on LGN from $85.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, May 19th. Stifel Nicolaus upped their target price on LGN from $58.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, March 31st. Finally, BTIG Research boosted their price target on LGN from $75.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, May 14th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC grew its stake in shares of LGN by 128.4% in the fourth quarter. Janus Henderson Group PLC now owns 4,401,402 shares of the company’s stock worth $189,442,000 after purchasing an additional 2,474,220 shares in the last quarter. Westfield Capital Management Co. LP purchased a new stake in shares of LGN during the fourth quarter valued at $69,438,000. Vanguard Group Inc. lifted its holdings in shares of LGN by 78.1% during the fourth quarter. Vanguard Group Inc. now owns 3,227,670 shares of the company’s stock valued at $138,919,000 after purchasing an additional 1,415,282 shares during the last quarter. Munro Partners lifted its stake in LGN by 1,875.9% in the 4th quarter. Munro Partners now owns 1,396,642 shares of the company’s stock worth $60,111,000 after acquiring an additional 1,325,957 shares in the last quarter. Finally, CI Investments Inc. lifted its stake in LGN by 2,209.7% in the 4th quarter. CI Investments Inc. now owns 788,287 shares of the company’s stock worth $33,928,000 after acquiring an additional 754,157 shares in the last quarter.

LGN Trading Up 3.4%

LGN stock opened at $86.55 on Tuesday. The stock has a market cap of $9.35 billion and a PE ratio of 376.30. The stock’s 50-day moving average is $75.00. LGN has a 52 week low of $26.96 and a 52 week high of $107.24. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.06.

LGN (NASDAQ:LGN) last posted its quarterly earnings data on Thursday, May 14th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.06). The company had revenue of $1.04 billion during the quarter. The business’s revenue was up 105.2% on a year-over-year basis. On average, equities analysts predict that LGN will post 1.24 EPS for the current year.

About LGN

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.