JPMorgan Chase & Co. Issues Pessimistic Forecast for Lennox International (NYSE:LII) Stock Price

Key Points

• JPMorgan Chase & Co. lowered its target price for Lennox International's stock from $501.00 to $493.00, maintaining an "underweight" rating.
• Despite the pessimistic outlook from JPMorgan, Goldman Sachs raised its price target significantly from $619.00 to $691.00, giving Lennox a "buy" rating.
• Lennox International reported quarterly earnings of $6.98 per share, exceeding estimates, but its revenue for the quarter fell by 4.8% compared to the previous year.

Lennox International (NYSE:LII - Get Free Report) had its target price lowered by research analysts at JPMorgan Chase & Co. from $501.00 to $493.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an "underweight" rating on the construction company's stock. JPMorgan Chase & Co.'s price objective suggests a potential downside of 0.64% from the stock's current price.

Several other equities analysts have also issued reports on LII. The Goldman Sachs Group raised their price target on Lennox International from $619.00 to $691.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Oppenheimer cut their price objective on Lennox International from $730.00 to $675.00 and set an "outperform" rating on the stock in a research report on Wednesday, September 17th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Lennox International in a research report on Wednesday, October 8th. Mizuho cut their price objective on Lennox International from $650.00 to $565.00 and set a "neutral" rating on the stock in a research report on Friday, October 17th. Finally, Wells Fargo & Company cut their price objective on Lennox International from $575.00 to $545.00 and set an "equal weight" rating on the stock in a research report on Thursday. Five research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $600.17.

Lennox International Trading Up 0.6%

LII traded up $3.08 on Thursday, hitting $496.15. 206,927 shares of the company were exchanged, compared to its average volume of 412,406. The firm has a fifty day simple moving average of $550.67 and a two-hundred day simple moving average of $567.51. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.71 and a current ratio of 1.41. Lennox International has a 12 month low of $485.47 and a 12 month high of $689.44. The stock has a market capitalization of $17.42 billion, a PE ratio of 21.25, a price-to-earnings-growth ratio of 2.01 and a beta of 1.10.

Lennox International (NYSE:LII - Get Free Report) last posted its quarterly earnings results on Wednesday, October 22nd. The construction company reported $6.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.69 by $0.29. Lennox International had a return on equity of 99.81% and a net margin of 15.41%.The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same period last year, the company earned $6.68 EPS. Lennox International's revenue for the quarter was down 4.8% compared to the same quarter last year. Lennox International has set its FY 2025 guidance at 22.750-23.250 EPS. Sell-side analysts expect that Lennox International will post 22.94 earnings per share for the current year.

Insider Buying and Selling

In other Lennox International news, CAO Chris Kosel sold 300 shares of the business's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $591.86, for a total value of $177,558.00. Following the sale, the chief accounting officer directly owned 1,282 shares of the company's stock, valued at approximately $758,764.52. The trade was a 18.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 9.73% of the company's stock.

Institutional Investors Weigh In On Lennox International

Several hedge funds have recently added to or reduced their stakes in LII. Ameriprise Financial Inc. boosted its holdings in Lennox International by 296.0% in the second quarter. Ameriprise Financial Inc. now owns 71,815 shares of the construction company's stock worth $41,168,000 after acquiring an additional 53,679 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Lennox International by 118.3% in the first quarter. Russell Investments Group Ltd. now owns 92,618 shares of the construction company's stock worth $51,932,000 after acquiring an additional 50,188 shares in the last quarter. Amundi boosted its holdings in Lennox International by 33.1% in the first quarter. Amundi now owns 189,571 shares of the construction company's stock worth $103,661,000 after acquiring an additional 47,170 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Lennox International by 1,402.7% in the second quarter. SG Americas Securities LLC now owns 31,783 shares of the construction company's stock worth $18,219,000 after acquiring an additional 29,668 shares in the last quarter. Finally, Jump Financial LLC boosted its holdings in Lennox International by 3,851.0% in the first quarter. Jump Financial LLC now owns 20,545 shares of the construction company's stock worth $11,522,000 after acquiring an additional 20,025 shares in the last quarter. 67.07% of the stock is owned by institutional investors.

Lennox International Company Profile

Lennox International Inc, together with its subsidiaries, designs, manufactures, and markets a range of products for the heating, ventilation, air conditioning, and refrigeration markets in the United States, Canada, and internationally. The Home Comfort Solutions segment provides furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment, comfort control products, and replacement parts and supplies; residential heating, ventilation, cooling equipment, and air conditioning; and evaporator coils and unit heaters under Lennox, Dave Lennox Signature Collection, Armstrong Air, Ducane, AirEase, Concord, MagicPak, Advanced Distributor Products, Allied, Elite Series, Merit Series, Comfort Sync, Healthy Climate, iComfort, ComfortSense, and Lennox Stores name.

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