LGN (NASDAQ:LGN – Free Report) had its price target lifted by Tigress Financial from $125.00 to $130.00 in a report published on Wednesday,Benzinga reports. Tigress Financial currently has a buy rating on the stock.
LGN has been the subject of a number of other reports. Royal Bank Of Canada decreased their price target on LGN from $106.00 to $101.00 and set an “outperform” rating for the company in a report on Wednesday, July 22nd. Guggenheim reaffirmed a “buy” rating and set a $115.00 price objective on shares of LGN in a research note on Tuesday. BMO Capital Markets lifted their target price on shares of LGN from $100.00 to $105.00 and gave the company an “outperform” rating in a report on Friday, August 14th. Zacks Research upgraded shares of LGN from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 17th. Finally, Barclays boosted their target price on shares of LGN from $60.00 to $80.00 and gave the company an “equal weight” rating in a research note on Monday, June 22nd. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, LGN currently has a consensus rating of “Moderate Buy” and an average price target of $99.50.
Check Out Our Latest Analysis on LGN
LGN Stock Performance
LGN (NASDAQ:LGN – Get Free Report) last issued its earnings results on Thursday, August 13th. The company reported ($0.37) EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.63). The company had revenue of $1.26 billion during the quarter. LGN had a positive return on equity of 4.33% and a negative net margin of 1.20%.
Institutional Trading of LGN
Institutional investors have recently modified their holdings of the stock. Assetmark Inc. acquired a new position in shares of LGN during the 4th quarter worth about $31,000. Aster Capital Management DIFC Ltd acquired a new stake in LGN in the 4th quarter worth about $64,000. KBC Group NV acquired a new stake in LGN in the 1st quarter worth about $66,000. Kestra Advisory Services LLC purchased a new stake in LGN during the 4th quarter worth approximately $91,000. Finally, Nykredit A S purchased a new stake in LGN during the 2nd quarter worth approximately $128,000.
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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