LGN (NASDAQ:LGN) Given New $58.00 Price Target at Stifel Nicolaus

LGN (NASDAQ:LGN) had its price target boosted by Stifel Nicolaus from $50.00 to $58.00 in a report published on Monday,Benzinga reports. They currently have a buy rating on the stock.

LGN has been the topic of a number of other reports. Weiss Ratings initiated coverage on LGN in a research report on Wednesday, January 14th. They set a “sell (d+)” rating on the stock. Zacks Research raised LGN from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 16th. Barclays boosted their price objective on LGN from $37.00 to $45.00 and gave the stock an “equal weight” rating in a report on Friday. Finally, Tigress Financial raised their target price on shares of LGN from $54.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, LGN currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.33.

LGN Stock Performance

Shares of NASDAQ LGN opened at $51.17 on Monday. LGN has a twelve month low of $26.96 and a twelve month high of $52.48. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.98.

Hedge Funds Weigh In On LGN

Several institutional investors and hedge funds have recently bought and sold shares of LGN. Assetmark Inc. acquired a new position in shares of LGN in the 4th quarter valued at about $31,000. Freestone Capital Holdings LLC purchased a new position in LGN during the fourth quarter valued at approximately $1,153,000. Harbor Capital Advisors Inc. purchased a new position in LGN during the fourth quarter valued at approximately $1,220,000. LBP AM SA acquired a new position in LGN in the 4th quarter valued at approximately $2,887,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in LGN in the 4th quarter worth approximately $3,179,000.

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.