LGN (NASDAQ:LGN – Get Free Report) has received a consensus rating of “Moderate Buy” from the fourteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $101.33.
A number of analysts have weighed in on the stock. Tigress Financial increased their target price on shares of LGN from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, August 19th. Bank of America raised their target price on shares of LGN from $105.00 to $116.00 and gave the stock a “buy” rating in a report on Friday, August 14th. BMO Capital Markets lifted their target price on LGN from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Royal Bank Of Canada lowered their target price on LGN from $106.00 to $101.00 and set an “outperform” rating for the company in a report on Wednesday, July 22nd. Finally, Stifel Nicolaus cut their price target on LGN from $101.00 to $82.00 and set a “buy” rating on the stock in a report on Thursday.
Get Our Latest Research Report on LGN
LGN Stock Down 0.0%
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 the consensus estimate of $0.26 by ($0.63). The firm 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%. Sell-side analysts predict that LGN will post 1.36 EPS for the current fiscal year.
Insiders Place Their Bets
In other LGN news, CAO Bris Philippe Le sold 1,058 shares of the firm’s stock in a transaction on Friday, September 18th. The stock was sold at an average price of $55.01, for a total value of $58,200.58. Following the sale, the chief accounting officer directly owned 4,749 shares in the company, valued at approximately $261,242.49. This trade represents a 18.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.01% of the stock is owned by corporate insiders.
Institutional Trading of LGN
Several hedge funds have recently bought and sold shares of the company. KBC Group NV acquired a new stake in LGN in the first quarter worth approximately $66,000. Nykredit A S bought a new position in LGN during the second quarter valued at about $128,000. Avior Wealth Management LLC acquired a new stake in LGN in the 2nd quarter valued at about $203,000. Concurrent Investment Advisors LLC acquired a new stake in LGN in the 2nd quarter valued at about $237,000. Finally, Sanctuary Advisors LLC bought a new position in shares of LGN during the 1st quarter valued at about $228,000.
LGN Company Profile
Legence Corp. (NASDAQ: LGN) is an energy-transition and building-solutions company that helps commercial, industrial and institutional customers improve the performance, efficiency and sustainability of their facilities and infrastructure. Its work is focused on reducing energy consumption and emissions while supporting the development, modernization and operation of complex buildings and facilities.
The company provides services that may include engineering, design, construction, building automation and controls, heating, ventilation and air-conditioning systems, electrical services, energy management, renewable-energy solutions, maintenance and facility optimization.
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