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

Key Points

• Consensus: Ten research firms give LGN a consensus rating of "Moderate Buy" (7 buys, 2 holds, 1 sell) with an average 12‑month price target of $62.25.
• Quarterly results: LGN reported ($0.55) EPS versus a $0.05 estimate (miss) but delivered revenue of $737.64M, beating the $616.05M consensus and rising 34.5% year‑over‑year; the stock opened around $63, near its 12‑month high of $63.88.
• Investor momentum: Several brokers raised targets (BMO to $63, RBC to $64, Stifel to $60) and large institutions materially increased positions (Janus Henderson, Vanguard, Munro, CI), signaling notable analyst upgrades and institutional buying.

LGN (NASDAQ:LGN - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the ten research firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $62.25.

LGN has been the subject of several recent research reports. BMO Capital Markets lifted their target price on shares of LGN from $46.00 to $63.00 and gave the company an "outperform" rating in a report on Monday, March 30th. Weiss Ratings started coverage on LGN in a research note on Wednesday, January 14th. They issued a "sell (d+)" rating for the company. Royal Bank Of Canada lifted their price target on LGN from $48.00 to $64.00 and gave the company an "outperform" rating in a research note on Monday, March 30th. Zacks Research lowered LGN from a "strong-buy" rating to a "hold" rating in a research note on Thursday, March 26th. Finally, Stifel Nicolaus boosted their price target on shares of LGN from $58.00 to $60.00 and gave the stock a "buy" rating in a report on Tuesday, March 31st.

LGN Stock Performance

LGN opened at $63.20 on Monday. LGN has a 12-month low of $26.96 and a 12-month high of $63.88. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 1.03. The stock has a market cap of $6.83 billion and a price-to-earnings ratio of -6,320.00. The stock's 50 day simple moving average is $52.84.

LGN (NASDAQ:LGN - Get Free Report) last posted its quarterly earnings results on Friday, March 27th. The company reported ($0.55) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.60). The business had revenue of $737.64 million for the quarter, compared to the consensus estimate of $616.05 million. The firm's revenue for the quarter was up 34.5% compared to the same quarter last year.

Institutional Investors Weigh In On LGN

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC grew its holdings in shares of LGN by 128.4% during the fourth quarter. Janus Henderson Group PLC now owns 4,401,402 shares of the company's stock worth $189,442,000 after buying an additional 2,474,220 shares in the last quarter. Vanguard Group Inc. grew its position in shares of LGN by 78.1% in 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 in the last quarter. Westfield Capital Management Co. LP purchased a new stake in shares of LGN in the fourth quarter valued at about $69,438,000. Munro Partners increased its position in LGN by 1,875.9% during the fourth quarter. Munro Partners now owns 1,396,642 shares of the company's stock worth $60,111,000 after purchasing an additional 1,325,957 shares during the last quarter. Finally, CI Investments Inc. increased its position in LGN by 2,209.7% during the fourth quarter. CI Investments Inc. now owns 788,287 shares of the company's stock worth $33,928,000 after purchasing an additional 754,157 shares during the last quarter.

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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