LGN (NASDAQ:LGN) Given New $60.00 Price Target at Stifel Nicolaus

LGN (NASDAQ:LGN) had its price target lifted by Stifel Nicolaus from $58.00 to $60.00 in a research note published on Tuesday,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other research firms also recently weighed in on LGN. BMO Capital Markets lifted their price target on LGN from $46.00 to $63.00 and gave the company an “outperform” rating in a research note on Monday. Tigress Financial restated a “buy” rating and set a $60.00 target price on shares of LGN in a research report on Friday, March 27th. Guggenheim increased their price target on shares of LGN from $53.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, March 26th. Weiss Ratings began coverage on shares of LGN in a report on Wednesday, January 14th. They set a “sell (d+)” rating on the stock. Finally, BTIG Research upped their target price on shares of LGN from $45.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, March 27th. Seven investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, LGN currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.25.

LGN Trading Up 4.8%

Shares of LGN stock opened at $56.46 on Tuesday. LGN has a 52-week low of $26.96 and a 52-week high of $60.50. The business’s 50-day moving average price is $51.43. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.98.

LGN (NASDAQ:LGN) last announced its quarterly earnings data on Friday, March 27th. The company reported ($0.55) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.60). The company had revenue of $737.64 million for the quarter, compared to analysts’ expectations of $616.05 million. LGN’s quarterly revenue was up 34.5% on a year-over-year basis.

Institutional Investors Weigh In On LGN

Large investors have recently bought and sold shares of the stock. Clearstead Advisors LLC purchased a new stake in shares of LGN in the fourth quarter valued at $140,000. Seven Grand Managers LLC boosted its stake in shares of LGN by 50.0% during the fourth quarter. Seven Grand Managers LLC now owns 600,000 shares of the company’s stock valued at $25,824,000 after acquiring an additional 200,000 shares during the last quarter. DNB Asset Management AS purchased a new stake in LGN during the 4th quarter worth about $215,000. Summit Creek Advisors LLC purchased a new stake in LGN during the 4th quarter worth about $10,664,000. Finally, Hiddenite Capital Partners LP acquired a new position in LGN in the 4th quarter valued at about $6,569,000.

More LGN News

Here are the key news stories impacting LGN this week:

• Positive Sentiment: Goldman Sachs raised its price target from $52 to $63 and kept a “buy” rating, signaling stronger analyst conviction. Goldman Sachs Raises PT TickerReport
• Positive Sentiment: Royal Bank of Canada bumped its target to $64 and rated LGN “outperform,” adding upward pressure on the stock. RBC Raises PT
• Positive Sentiment: BMO Capital Markets raised its target to $63 and maintained an “outperform” rating, another vote of confidence. BMO Raises PT TickerReport
• Positive Sentiment: Stifel Nicolaus raised its target from $58 to $60 and stays bullish with a “buy” rating. Stifel Raises PT
• Positive Sentiment: Tigress Financial reaffirmed its “buy” rating with a $60 target, supporting near-term momentum. Tigress Reaffirms Buy TickerReport
• Positive Sentiment: AmericanBankingNews published a note citing a $75 price target — a notably higher bullish estimate that could influence momentum if picked up by other investors. AmericanBankingNews PT $75
• Neutral Sentiment: CNN maintains a stock page for LGN with market data—useful for reference but not a direct catalyst. CNN Stock Page
• Negative Sentiment: Legence’s latest quarter showed a meaningful EPS miss (reported loss of $0.55 vs. $0.05 expected) even though revenue beat estimates and grew ~34.5% year-over-year — a mixed fundamental read that could cap gains if future profitability concerns persist.

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.