LGN (NASDAQ:LGN – Get Free Report) had its target price upped by investment analysts at Barclays from $45.00 to $60.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price target points to a potential downside of 25.08% from the stock’s current price.
Several other brokerages also recently commented on LGN. Loop Capital started coverage on LGN in a research note on Wednesday, April 29th. They issued a “buy” rating and a $96.00 price objective for the company. BTIG Research lifted their target price on LGN from $75.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Royal Bank Of Canada upped their price target on LGN from $48.00 to $64.00 and gave the stock an “outperform” rating in a report on Monday, March 30th. The Goldman Sachs Group increased their price target on LGN from $63.00 to $72.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Finally, Guggenheim upped their target price on shares of LGN from $53.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, March 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.40.
Get Our Latest Analysis on LGN
LGN Trading Down 5.0%
LGN (NASDAQ:LGN – Get Free Report) last issued its quarterly earnings results 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 business had revenue of $1.04 billion during the quarter. The firm’s revenue for the quarter was up 105.2% compared to the same quarter last year. On average, research analysts anticipate that LGN will post 1.29 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Assetmark Inc. bought a new stake in LGN during the 4th quarter valued at $31,000. KBC Group NV purchased a new stake in LGN in the first quarter worth about $66,000. Aster Capital Management DIFC Ltd bought a new stake in shares of LGN during the fourth quarter valued at approximately $64,000. Clearbridge Investments LLC grew its stake in LGN by 0.4% in the fourth quarter. Clearbridge Investments LLC now owns 401,667 shares of the company’s stock worth $17,288,000 after purchasing an additional 1,667 shares during the period. Finally, Symmetry Investments LP grew its stake in LGN by 21.9% in the fourth quarter. Symmetry Investments LP now owns 9,750 shares of the company’s stock worth $420,000 after purchasing an additional 1,750 shares during the period.
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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