LGN (NASDAQ:LGN) Upgraded at Glj Research

Glj Research upgraded shares of LGN (NASDAQ:LGN) to a strong-buy rating in a research note issued to investors on Monday morning,Zacks.com reports.

A number of other brokerages also recently commented on LGN. BTIG Research raised their price objective on LGN from $45.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, March 27th. Royal Bank Of Canada raised their price objective on LGN from $48.00 to $64.00 and gave the stock an “outperform” rating in a research report on Monday, March 30th. BMO Capital Markets raised their price objective on LGN from $46.00 to $63.00 and gave the stock an “outperform” rating in a research report on Monday, March 30th. Tigress Financial raised their price objective on LGN from $60.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Finally, Barclays raised their price objective on LGN from $37.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, LGN has an average rating of “Moderate Buy” and an average price target of $70.11.

LGN Stock Up 3.5%

LGN opened at $79.28 on Monday. The firm has a market cap of $8.57 billion and a price-to-earnings ratio of -7,928.00. The firm has a 50 day simple moving average of $56.45. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.57 and a quick ratio of 1.57. LGN has a 12-month low of $26.96 and a 12-month high of $79.71.

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 business had revenue of $737.64 million during the quarter, compared to the consensus estimate of $616.05 million. The firm’s quarterly revenue was up 34.5% on a year-over-year basis. As a group, analysts anticipate that LGN will post 1.31 earnings per share for the current year.

Hedge Funds Weigh In On LGN

Several hedge funds and other institutional investors have recently modified their holdings of LGN. Harbor Capital Advisors Inc. bought a new position in shares of LGN during the 4th quarter worth approximately $1,220,000. Assetmark Inc. bought a new position in shares of LGN during the 4th quarter worth approximately $31,000. Freestone Capital Holdings LLC bought a new position in shares of LGN during the 4th quarter worth approximately $1,153,000. Capelight Capital Asset Management LP bought a new position in shares of LGN during the 4th quarter worth approximately $4,089,000. Finally, LBP AM SA bought a new position in shares of LGN during the 4th quarter worth approximately $2,887,000.

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.