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

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

A number of research analysts have recently commented on LGN shares. Weiss Ratings started coverage on LGN in a research note on Wednesday, January 14th. They issued a “sell (d+)” rating for the company. Zacks Research upgraded LGN from a “hold” rating to a “strong-buy” rating in a report on Friday, January 16th. Tigress Financial lifted their target price on shares of LGN from $54.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Barclays lifted their price target on shares of LGN from $37.00 to $45.00 and gave the stock an “equal weight” rating in a report on Friday, January 23rd. Finally, The Goldman Sachs Group increased their price objective on LGN from $46.00 to $52.00 and gave the company a “buy” rating in a report on Wednesday, January 28th.

Institutional Trading of LGN

Institutional investors have recently added to or reduced their stakes in the stock. Assetmark Inc. bought a new position in LGN during the 4th quarter worth approximately $31,000. Comerica Bank bought a new stake in LGN during the fourth quarter valued at $192,000. Truist Financial Corp acquired a new stake in LGN during the 4th quarter worth about $276,000. Oppenheimer Asset Management Inc. bought a new position in shares of LGN in the 4th quarter worth about $297,000. Finally, Freestone Capital Holdings LLC bought a new stake in shares of LGN during the 4th quarter valued at about $1,153,000.

LGN Stock Performance

Shares of LGN stock opened at $49.66 on Wednesday. LGN has a 1 year low of $26.96 and a 1 year 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.

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.