LGN (NASDAQ:LGN) Receives Average Rating of “Moderate Buy” from Analysts

Shares of LGN (NASDAQ:LGN) have been assigned an average rating of “Moderate Buy” from the six analysts that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $53.75.

LGN has been the topic of several research reports. Weiss Ratings started coverage on LGN in a research note on Wednesday, January 14th. They set a “sell (d+)” rating on the stock. Barclays lifted their price objective on shares of LGN from $37.00 to $45.00 and gave the company an “equal weight” rating in a report on Friday, January 23rd. The Goldman Sachs Group increased their target price on shares of LGN from $46.00 to $52.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Tigress Financial boosted their price target on shares of LGN from $54.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Finally, Stifel Nicolaus upped their price objective on LGN from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, January 26th.

Institutional Investors Weigh In On LGN

Large investors have recently bought and sold shares of the stock. Assetmark Inc. purchased a new position in shares of LGN in the 4th quarter valued at about $31,000. Aster Capital Management DIFC Ltd acquired a new stake in LGN in the fourth quarter valued at approximately $64,000. Kestra Advisory Services LLC purchased a new position in LGN in the fourth quarter worth approximately $91,000. Clearstead Advisors LLC purchased a new position in LGN in the fourth quarter worth approximately $140,000. Finally, Comerica Bank acquired a new position in LGN during the 4th quarter worth approximately $192,000.

LGN Stock Up 16.8%

LGN opened at $55.24 on Friday. LGN has a 52 week low of $26.96 and a 52 week high of $55.48. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.57 and a current ratio of 1.57.

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.