LGN (NASDAQ:LGN) Price Target Raised to $52.00 at The Goldman Sachs Group

LGN (NASDAQ:LGN) had its price target hoisted by The Goldman Sachs Group from $46.00 to $52.00 in a report published on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities research analysts also recently weighed in on the stock. Barclays raised their price target on shares of LGN from $37.00 to $45.00 and gave the company an “equal weight” rating in a research note on Friday, January 23rd. Stifel Nicolaus raised their target price on shares of LGN from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Monday. Zacks Research upgraded shares of LGN from a “hold” rating to a “strong-buy” rating in a report on Friday, January 16th. Tigress Financial increased their price target on LGN from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Finally, Weiss Ratings assumed coverage on LGN in a report on Wednesday, January 14th. They set a “sell (d+)” rating on the stock. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $53.75.

LGN Trading Up 2.6%

NASDAQ:LGN opened at $51.22 on Wednesday. LGN has a twelve month low of $26.96 and a twelve month high of $52.74. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.57 and a current ratio of 1.57.

Institutional Investors Weigh In On LGN

A number of institutional investors have recently made changes to their positions in the stock. Harbor Capital Advisors Inc. acquired a new stake in shares of LGN in the fourth quarter valued at about $1,220,000. Assetmark Inc. acquired a new stake in LGN during the 4th quarter valued at approximately $31,000. Freestone Capital Holdings LLC bought a new position in LGN during the 4th quarter worth approximately $1,153,000. Capelight Capital Asset Management LP acquired a new position in shares of LGN in the 4th quarter worth approximately $4,089,000. Finally, LBP AM SA bought a new stake in shares of LGN in the 4th quarter valued at $2,887,000.

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.