LGN (NASDAQ:LGN) Price Target Raised to $105.00

LGN (NASDAQ:LGN) had its target price hoisted by investment analysts at BMO Capital Markets from $100.00 to $105.00 in a report issued on Friday,Benzinga reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price target would indicate a potential upside of 66.03% from the company’s current price.

LGN has been the topic of a number of other reports. Royal Bank Of Canada cut their price target on LGN from $106.00 to $101.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 22nd. Barclays upped their price objective on LGN from $60.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Monday, June 22nd. Glj Research initiated coverage on LGN in a report on Tuesday, April 21st. They issued a “buy” rating and a $99.00 price objective on the stock. Guggenheim raised their target price on LGN from $106.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Finally, 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 note on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $97.55.

LGN Trading Down 7.9%

Shares of NASDAQ:LGN opened at $63.24 on Friday. LGN has a 52 week low of $26.96 and a 52 week high of $107.24. The company’s 50 day moving average is $74.12 and its two-hundred day moving average is $68.42. The company has a market cap of $6.83 billion and a PE ratio of 274.96. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.06.

LGN (NASDAQ:LGN) last released its quarterly earnings data on Thursday, August 13th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.63). The firm had revenue of $1.26 billion for the quarter. Equities analysts predict that LGN will post 1.24 earnings per share for the current fiscal year.

Institutional Investors Weigh In On LGN

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Assetmark Inc. purchased a new stake in LGN in the fourth quarter valued at $31,000. Aster Capital Management DIFC Ltd acquired a new position in LGN in the fourth quarter valued at $64,000. KBC Group NV purchased a new position in shares of LGN during the first quarter worth about $66,000. Kestra Advisory Services LLC purchased a new position in shares of LGN during the fourth quarter worth about $91,000. Finally, Clearstead Advisors LLC acquired a new stake in shares of LGN during the fourth quarter worth about $140,000.

Key Stories Impacting LGN

Here are the key news stories impacting LGN this week:

• Positive Sentiment: Legence reported record second-quarter revenue of $1.26 billion, up 111% year over year. Excluding the Bowers acquisition, organic revenue growth was approximately 60%, indicating strong underlying demand, particularly from data centers and technology customers. Legence Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Non-GAAP adjusted EBITDA increased 114% to $154.6 million, while backlog and awarded contracts more than doubled to $5.67 billion. The sizable backlog improves forward revenue visibility and reflects continued demand across data centers, education, government and life sciences. Legence Reports Record Second-Quarter 2026 Revenue, Adjusted EBITDA and Backlog; Raises Full-Year Guidance
• Positive Sentiment: Management raised full-year 2026 revenue guidance to $4.7-$4.8 billion from $4.1-$4.3 billion and adjusted EBITDA guidance to $565-$585 million from $470-$490 million. Third-quarter revenue guidance of $1.225-$1.275 billion also exceeds the cited consensus estimate. Legence Corp. 2026 Q2 Results Presentation
• Positive Sentiment: Roth Capital reiterated its “Buy” rating and maintained a $120 price target, signaling substantial expected upside from recent trading levels. Roth Capital Reiterates Buy Rating for LGN
• Neutral Sentiment: The earnings call emphasized sequential adjusted EBITDA margin expansion and continued strength in mission-critical construction markets, though investors will likely monitor whether the growth can be sustained as acquisition benefits moderate. Legence Q2 2026 Earnings Call Transcript
• Negative Sentiment: GAAP results were weak: Legence posted a net loss attributable to the company of $27.8 million, or $(0.37) per share, versus a consensus expectation of $0.26 per share. The company also recorded goodwill and long-lived asset impairments.
• Negative Sentiment: Gross margin fell to 17.4% from 21.5% a year earlier, reflecting an unfavorable mix shift and higher service-delivery costs. Total debt was approximately $1.03 billion, adding balance-sheet risk, while the stock’s reported P/E near 275 leaves limited room for execution disappointments.

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.