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

LGN (NASDAQ:LGN – Get Free Report) has earned a consensus rating of “Moderate Buy” from the fourteen brokerages that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, ten have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $99.50.

Several equities research analysts have commented on the stock. Zacks Research upgraded shares of LGN from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 17th. Tigress Financial raised their target price on shares of LGN from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, August 19th. Guggenheim reaffirmed a “buy” rating and set a $115.00 price objective on shares of LGN in a research report on Tuesday, August 18th. BTIG Research reissued a “buy” rating and issued a $100.00 target price (down from $120.00) on shares of LGN in a report on Friday, August 14th. Finally, Weiss Ratings lowered LGN from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, August 31st.

Get LGN alerts:

View Our Latest Report on LGN

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. KBC Group NV bought a new stake in LGN in the 1st quarter valued at $66,000. Aster Capital Management DIFC Ltd bought a new stake in shares of LGN during the 4th quarter worth about $64,000. Nykredit A S bought a new position in LGN during the 2nd quarter worth $128,000. Kestra Advisory Services LLC bought a new stake in shares of LGN in the fourth quarter valued at approximately $91,000. Finally, Avior Wealth Management LLC bought a new position in LGN in the 2nd quarter valued at about $203,000.

LGN Stock Performance

LGN stock opened at $55.22 on Thursday. The company has a market cap of $5.97 billion and a PE ratio of 138.05. The company has a fifty day moving average price of $64.14 and a two-hundred day moving average price of $69.55. LGN has a 12 month low of $26.96 and a 12 month high of $107.24. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.35 and a quick ratio of 1.35.

LGN (NASDAQ:LGN – Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.63). LGN had a positive return on equity of 4.33% and a negative net margin of 1.20%.The company had revenue of $1.26 billion during the quarter. Research analysts expect that LGN will post 1.36 earnings per share for the current year.

LGN Company Profile

(Get Free Report)

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.

Further Reading

• Five stocks we like better than LGN
• Qualcomm’s Data Center Bet Looks More Real After Amazon’s AI Deal
• GE Aerospace’s $11.75B Deal Puts Howmet Aerospace in Focus
• Casey’s Post-Earnings Drop May Give Investors a Better Entry Into a Quality Retailer
• Sovereign AI: Palantir and Nebius Cut the Cloud Cord

Receive News & Ratings for LGN Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LGN and related companies with MarketBeat.com's FREE daily email newsletter.