LGN (NASDAQ:LGN) Receives Consensus Rating of "Moderate Buy" from Analysts

LGN (NASDAQ:LGN - Get Free Report) has received a consensus rating of "Moderate Buy" from the twelve brokerages that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $72.70.

Several equities analysts have issued reports on the stock. Barclays upped their price objective on shares of LGN from $37.00 to $45.00 and gave the company an "equal weight" rating in a research note on Friday, January 23rd. BMO Capital Markets boosted their target price on LGN from $46.00 to $63.00 and gave the company an "outperform" rating in a report on Monday, March 30th. Tigress Financial upped their target price on LGN from $60.00 to $85.00 and gave the company a "buy" rating in a research report on Thursday, April 16th. Weiss Ratings assumed coverage on LGN in a research note on Wednesday, January 14th. They set a "sell (d+)" rating on the stock. Finally, Glj Research assumed coverage on LGN in a research note on Tuesday, April 21st. They issued a "buy" rating and a $99.00 price objective for the company.

Institutional Trading of LGN

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Freestone Capital Holdings LLC purchased a new stake in shares of LGN during the fourth quarter worth approximately $1,153,000. Harbor Capital Advisors Inc. acquired a new stake in shares of LGN in the fourth quarter valued at about $1,220,000. Asset Management One Co. Ltd. purchased a new stake in shares of LGN during the 4th quarter worth approximately $3,681,000. Pictet Asset Management Holding SA purchased a new stake in LGN during the fourth quarter worth $1,722,000. Finally, LBP AM SA purchased a new position in shares of LGN in the fourth quarter valued at $2,887,000.

LGN Trading Down 4.7%

LGN stock opened at $97.44 on Friday. The firm has a market capitalization of $10.53 billion and a PE ratio of -9,744.00. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 1.03. LGN has a twelve month low of $26.96 and a twelve month high of $102.64. The business's 50 day moving average is $63.30.

LGN (NASDAQ:LGN - Get Free Report) last issued its earnings results on Friday, March 27th. The company reported ($0.55) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.60). The firm had revenue of $737.64 million for the quarter, compared to analyst estimates of $616.05 million. The firm's revenue was up 34.5% on a year-over-year basis. On average, equities research analysts predict that LGN will post 1.31 earnings per share 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.

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