LGN (NASDAQ:LGN) Given New $101.00 Price Target at Royal Bank Of Canada

LGN (NASDAQ:LGN) had its price objective lowered by Royal Bank Of Canada from $106.00 to $101.00 in a research report released on Wednesday,Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other equities research analysts also recently commented on the company. Guggenheim upped their price objective on LGN from $106.00 to $115.00 and gave the company a “buy” rating in a report on Friday, July 10th. Glj Research initiated coverage on LGN in a report on Tuesday, April 21st. They set a “buy” rating and a $99.00 target price on the stock. The Goldman Sachs Group boosted their target price on LGN from $63.00 to $72.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Stifel Nicolaus upped their price target on LGN from $58.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, March 31st. Finally, Zacks Research cut LGN from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, LGN presently has an average rating of “Moderate Buy” and a consensus target price of $96.80.

LGN Stock Performance

LGN opened at $72.87 on Wednesday. The stock’s fifty day simple moving average is $80.52. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.06. LGN has a 52 week low of $26.96 and a 52 week high of $107.24. The firm has a market cap of $7.87 billion and a price-to-earnings ratio of 316.83.

LGN (NASDAQ:LGN) last issued its earnings results on Thursday, May 14th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.06). The business had revenue of $1.04 billion for the quarter. The company’s quarterly revenue was up 105.2% on a year-over-year basis. Equities analysts forecast that LGN will post 1.24 EPS for the current year.

Institutional Trading of LGN

Large investors have recently made changes to their positions in the company. Assetmark Inc. acquired a new stake in LGN during the 4th quarter worth $31,000. KBC Group NV acquired a new position in LGN in the first quarter valued at about $66,000. Aster Capital Management DIFC Ltd bought a new stake in shares of LGN in the fourth quarter worth about $64,000. Kestra Advisory Services LLC bought a new stake in shares of LGN in the fourth quarter worth about $91,000. Finally, Avior Wealth Management LLC acquired a new stake in shares of LGN during the second quarter worth about $203,000.

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.