LGN (NASDAQ:LGN) Given New $63.00 Price Target at BMO Capital Markets

LGN (NASDAQ:LGN) had its price target upped by BMO Capital Markets from $46.00 to $63.00 in a report released on Monday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

Several other research firms have also weighed in on LGN. Weiss Ratings began coverage on LGN in a research report on Wednesday, January 14th. They set a “sell (d+)” rating on the stock. Guggenheim increased their price objective on LGN from $53.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, March 26th. The Goldman Sachs Group raised their target price on shares of LGN from $46.00 to $52.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Zacks Research downgraded shares of LGN from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Finally, Barclays upped their price target on shares of LGN from $37.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Friday, January 23rd. Seven research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $62.00.

LGN Stock Down 1.6%

NASDAQ:LGN opened at $53.89 on Monday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.57 and a current ratio of 1.57. The firm has a 50-day moving average of $51.25. LGN has a 52-week low of $26.96 and a 52-week high of $60.50.

LGN (NASDAQ:LGN) last released its earnings results on Friday, March 27th. The company reported ($0.55) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.60). The company had revenue of $737.64 million during the quarter, compared to analyst estimates of $616.05 million. The business’s revenue for the quarter was up 34.5% on a year-over-year basis.

Institutional Trading of LGN

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

More LGN News

Here are the key news stories impacting LGN this week:

• Positive Sentiment: Goldman Sachs raised its price target to $63 and reiterated a “buy” rating (roughly mid-teens upside vs. the current price). Read More. Read More.
• Positive Sentiment: Royal Bank of Canada boosted its target to $64 and set an “outperform” rating (high-teens upside). Read More.
• Positive Sentiment: BMO Capital Markets raised its target to $63 and maintained an “outperform” stance. Read More. Read More.
• Positive Sentiment: Tigress Financial reaffirmed a “buy” rating and a $60 target. Read More. Read More.
• Positive Sentiment: AmericanBankingNews published a more aggressive $75 price target and noted the stock gapped up after analyst upgrades, highlighting divergent analyst views and upside potential. Read More. Read More.

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.