Lennox International (NYSE:LII) Price Target Cut to $295.00 by Analysts at Cowen

Lennox International (NYSE:LIIGet Rating) had its target price decreased by investment analysts at Cowen from $325.00 to $295.00 in a note issued to investors on Tuesday, The Fly reports. Cowen’s price target points to a potential upside of 23.46% from the company’s previous close.

A number of other equities analysts also recently issued reports on the stock. Barclays dropped their price objective on shares of Lennox International from $300.00 to $260.00 in a report on Tuesday. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Lennox International from $394.00 to $334.00 and set a “buy” rating on the stock in a research report on Thursday, April 14th. TheStreet cut shares of Lennox International from a “b-” rating to a “c+” rating in a research report on Wednesday, February 16th. Mizuho reduced their price target on shares of Lennox International from $295.00 to $225.00 in a research report on Tuesday. Finally, Stephens reduced their price target on shares of Lennox International from $335.00 to $275.00 in a research report on Tuesday. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Lennox International currently has a consensus rating of “Hold” and an average price target of $279.56.

LII opened at $238.94 on Tuesday. The company has a market cap of $8.61 billion, a price-to-earnings ratio of 19.28, a PEG ratio of 1.35 and a beta of 0.88. The company’s 50 day moving average is $258.83 and its 200 day moving average is $288.25. Lennox International has a 12-month low of $232.00 and a 12-month high of $356.36.

Lennox International (NYSE:LIIGet Rating) last posted its quarterly earnings data on Monday, April 25th. The construction company reported $2.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.99 by $0.37. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $977.60 million. Lennox International had a net margin of 11.06% and a negative return on equity of 192.84%. The firm’s revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.27 earnings per share. As a group, research analysts predict that Lennox International will post 14.1 EPS for the current fiscal year.

In other Lennox International news, CEO Todd M. Bluedorn sold 9,298 shares of the company’s stock in a transaction that occurred on Wednesday, March 16th. The stock was sold at an average price of $268.86, for a total value of $2,499,860.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP John D. Torres sold 2,013 shares of the company’s stock in a transaction that occurred on Thursday, March 24th. The stock was sold at an average price of $261.04, for a total value of $525,473.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,311 shares of company stock worth $3,561,574. 3.40% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in LII. Eagle Bay Advisors LLC purchased a new position in shares of Lennox International during the 3rd quarter valued at approximately $27,000. Sageworth Trust Co of South Dakota purchased a new position in shares of Lennox International during the 4th quarter valued at approximately $36,000. NuWave Investment Management LLC lifted its position in shares of Lennox International by 82.1% during the 1st quarter. NuWave Investment Management LLC now owns 173 shares of the construction company’s stock valued at $45,000 after buying an additional 78 shares in the last quarter. Quent Capital LLC purchased a new position in shares of Lennox International during the 4th quarter valued at approximately $57,000. Finally, Tobam raised its stake in Lennox International by 90.7% in the 1st quarter. Tobam now owns 225 shares of the construction company’s stock valued at $58,000 after purchasing an additional 107 shares during the last quarter. Institutional investors and hedge funds own 64.12% of the company’s stock.

Lennox International Company Profile (Get Rating)

Lennox International Inc, together with its subsidiaries, designs, manufactures, and markets a range of products for the heating, ventilation, air conditioning, and refrigeration markets in the United States, Canada, and internationally. It operates through three segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration.

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