LGN (NASDAQ:LGN – Get Free Report) has received an average rating of “Moderate Buy” from the twelve research firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $77.20.
LGN has been the topic of several recent analyst reports. Zacks Research downgraded shares of LGN from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Barclays increased their price target on shares of LGN from $37.00 to $45.00 and gave the stock an “equal weight” rating in a report on Friday, January 23rd. Glj Research initiated coverage on shares of LGN in a report on Tuesday, April 21st. They issued a “buy” rating and a $99.00 price target on the stock. The Goldman Sachs Group increased their price target on shares of LGN from $63.00 to $72.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Finally, Loop Capital initiated coverage on shares of LGN in a report on Wednesday, April 29th. They issued a “buy” rating and a $96.00 price target on the stock.
Check Out Our Latest Research Report on LGN
Key LGN News
- Positive Sentiment: Legence reported record Q1 revenue of $1.04 billion, up 105% year over year, and adjusted EBITDA rose 132%, showing strong underlying business momentum.
- Positive Sentiment: The company also raised full-year 2026 guidance to $4.1 billion-$4.3 billion in revenue and $470 million-$490 million in adjusted EBITDA, which supports a constructive longer-term outlook.
- Positive Sentiment: BTIG Research raised its price target on LGN from $75 to $120 and kept a buy rating, signaling optimism from analysts after the quarter.
- Neutral Sentiment: Backlog and awards reached a record $5.38 billion, with book-to-bill at 1.2x, indicating healthy demand and future revenue visibility. Article: Legence Reports First Quarter 2026 Financial Results
- Negative Sentiment: Despite the growth, Q1 EPS came in at $0.13 versus the $0.19 consensus estimate, and gross margin fell to 17.9% from 22.1% a year ago, raising concerns about mix and profitability.
- Negative Sentiment: Investors appear to be selling the news after a strong pre-earnings run, with sentiment turning cautious on whether Legence can sustain margins quarter to quarter.
Hedge Funds Weigh In On LGN
Several hedge funds and other institutional investors have recently bought and sold shares of LGN. Assetmark Inc. acquired a new position in LGN in the 4th quarter worth approximately $31,000. Aster Capital Management DIFC Ltd acquired a new position in LGN in the 4th quarter worth approximately $64,000. KBC Group NV acquired a new position in LGN in the 1st quarter worth approximately $66,000. Kestra Advisory Services LLC acquired a new position in LGN in the 4th quarter worth approximately $91,000. Finally, Clearstead Advisors LLC acquired a new position in LGN in the 4th quarter worth approximately $140,000.
LGN Stock Down 11.0%
LGN opened at $89.00 on Friday. LGN has a 52-week low of $26.96 and a 52-week high of $107.24. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $9.62 billion and a P/E ratio of -8,900.00. The firm’s 50-day moving average is $67.37.
LGN (NASDAQ:LGN – Get Free Report) last posted its quarterly earnings data on Thursday, May 14th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.06). The firm had revenue of $1.04 billion for the quarter. The company’s revenue for the quarter was up 105.2% on a year-over-year basis. On average, research analysts anticipate that LGN will post 1.31 EPS for the current fiscal year.
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.
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