Lennox International (NYSE:LII) Stock Gets Price Target Cut from BNP Paribas Exane

Lennox International (NYSE:LII) had its price objective lowered by research analysts at BNP Paribas Exane from $450.00 to $350.00 in a report issued on Friday, Benzinga reports. The firm presently has a “neutral” rating on the construction company’s stock. BNP Paribas Exane‘s target price would suggest a potential upside of 0.91% from the company’s current price.

Several other research analysts have also commented on LII. Stephens cut Lennox International from an “overweight” rating to an “equal weight” rating and set a $350.00 price objective on the stock. in a research note on Thursday. Oppenheimer lowered Lennox International from an “outperform” rating to a “market perform” rating in a research note on Thursday. Weiss Ratings downgraded Lennox International from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Morgan Stanley reduced their price target on Lennox International from $375.00 to $350.00 and set an “underweight” rating on the stock in a research report on Thursday, October 15th. Finally, The Goldman Sachs Group downgraded shares of Lennox International from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $547.00 to $390.00 in a research report on Wednesday, October 14th. Three investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $444.85.

Lennox International Trading Down 0.4%

Shares of Lennox International stock traded down $1.28 during trading hours on Friday, reaching $346.83. The stock had a trading volume of 219,027 shares, compared to its average volume of 499,459. The firm has a market capitalization of $11.99 billion, a price-to-earnings ratio of 16.08, a P/E/G ratio of 1.53 and a beta of 1.16. Lennox International has a 1 year low of $322.00 and a 1 year high of $587.27. The company has a current ratio of 1.21, a quick ratio of 0.77 and a debt-to-equity ratio of 0.64. The firm has a 50 day simple moving average of $369.57 and a two-hundred day simple moving average of $473.02.

Lennox International (NYSE:LII) last released its quarterly earnings data on Wednesday, October 28th. The construction company reported $6.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.29 by ($0.45). Lennox International had a return on equity of 62.34% and a net margin of 13.77%. The business had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter in the prior year, the firm earned $6.98 earnings per share. Lennox International’s quarterly revenue was up 10.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Lennox International will post 21.25 earnings per share for the current year.

Institutional Trading of Lennox International

Several hedge funds have recently made changes to their positions in the stock. Signaturefd LLC grew its stake in Lennox International by 6.6% during the 3rd quarter. Signaturefd LLC now owns 531 shares of the construction company’s stock worth $189,000 after buying an additional 33 shares during the last quarter. Glenmede Trust Co. NA lifted its stake in Lennox International by 4.0% in the first quarter. Glenmede Trust Co. NA now owns 907 shares of the construction company’s stock valued at $421,000 after buying an additional 35 shares during the last quarter. Root Financial Partners LLC lifted its stake in Lennox International by 137.9% in the first quarter. Root Financial Partners LLC now owns 69 shares of the construction company’s stock valued at $32,000 after buying an additional 40 shares during the last quarter. BOKF NA boosted its holdings in shares of Lennox International by 2.0% during the third quarter. BOKF NA now owns 2,551 shares of the construction company’s stock valued at $906,000 after acquiring an additional 49 shares during the period. Finally, Quadrant Capital Group LLC boosted its holdings in shares of Lennox International by 2.7% during the third quarter. Quadrant Capital Group LLC now owns 2,328 shares of the construction company’s stock valued at $815,000 after acquiring an additional 62 shares during the period. Institutional investors own 67.07% of the company’s stock.

Lennox International News Roundup

Here are the key news stories impacting Lennox International this week:

• Positive Sentiment: Third-quarter revenue increased 10.2% year over year to approximately $1.57 billion, in line with analyst expectations. The Building Climate Solutions segment grew 24%, supporting commercial-market growth. Lennox: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Lennox announced smart thermostat energy-saving services, which could strengthen its connected-home offering and create additional recurring-service opportunities. Lennox International Adds Smart Thermostat Energy Saving Services
• Neutral Sentiment: Some valuation commentary argues that LII may be substantially undervalued following the selloff, but that potential depends on a recovery in profitability and margins. Lennox Stock May Be 44% Undervalued After Margin Pressure
• Negative Sentiment: Adjusted earnings per share came in at $6.84, below the $7.29 consensus estimate and down from $6.98 a year earlier. The earnings shortfall, margin pressure, and lower guidance raised concerns about the pace of recovery. Lennox International Reports Third-Quarter Results
• Negative Sentiment: Oppenheimer downgraded Lennox from Outperform to Perform, citing inflation and competitive pressures that could delay the recovery. Lennox Downgraded at Oppenheimer
• Negative Sentiment: Stephens also cut its rating to Equal Weight, while Wells Fargo reduced its target from $424 to $355 and RBC lowered its target from $406 to $378. The revisions signal diminished near-term earnings confidence.
• Negative Sentiment: The stock reached a new one-year low and fell below its 50-day moving average after the earnings release, reinforcing negative technical momentum. LII Stock Price Crosses Below 50-Day Moving Average

Lennox International Company Profile

Lennox International Inc is a heating, ventilation, air conditioning and refrigeration company headquartered in Richardson, Texas. Founded in 1895 by Dave Lennox, the company develops and markets products designed to provide climate control and improve indoor air quality in residential and commercial buildings.

Its product portfolio includes air conditioners, heat pumps, furnaces, air handlers, thermostats, indoor air-quality equipment and related controls. Lennox also provides commercial heating and cooling systems, replacement components, installation support and other services through distributors, dealers and contractors.

Lennox primarily serves customers in the United States and Canada, with products and services also marketed in selected international markets.