LGN (NASDAQ:LGN) Stock Has Consensus Target Price of $99.50 According to Analysts

LGN (NASDAQ:LGN) has been assigned an average recommendation of “Moderate Buy” from the fourteen research firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, ten have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $99.50.

LGN has been the subject of a number of research reports. Bank of America increased their price objective on LGN from $105.00 to $116.00 and gave the stock a “buy” rating in a report on Friday, August 14th. Royal Bank Of Canada cut their target price on LGN from $106.00 to $101.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 22nd. Zacks Research upgraded LGN from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 17th. Guggenheim reaffirmed a “buy” rating and set a $115.00 price target on shares of LGN in a research report on Tuesday, August 18th. Finally, Tigress Financial raised their price target on shares of LGN from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, August 19th.

Insider Activity at LGN

In other news, CAO Bris Philippe Le sold 1,058 shares of the business’s stock in a transaction on Friday, September 18th. The shares were sold at an average price of $55.01, for a total value of $58,200.58. Following the sale, the chief accounting officer owned 4,749 shares of the company’s stock, valued at $261,242.49. The trade was a 18.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.01% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. KBC Group NV bought a new stake in LGN during the 1st quarter worth about $66,000. Nykredit A S bought a new position in shares of LGN in the 2nd quarter valued at about $128,000. Avior Wealth Management LLC bought a new position in shares of LGN in the 2nd quarter valued at about $203,000. Concurrent Investment Advisors LLC acquired a new stake in shares of LGN in the second quarter valued at about $237,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of LGN in the first quarter valued at about $228,000.

LGN Price Performance

Shares of NASDAQ LGN opened at $53.35 on Monday. The firm has a market cap of $5.77 billion and a PE ratio of 133.38. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.03. LGN has a 1-year low of $30.33 and a 1-year high of $107.24. The company has a fifty day moving average price of $57.58 and a 200 day moving average price of $69.63.

LGN (NASDAQ:LGN) last released its earnings results on Thursday, August 13th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.63). The firm had revenue of $1.26 billion for the quarter. LGN had a positive return on equity of 4.33% and a negative net margin of 1.20%. Research analysts predict that LGN will post 1.36 earnings per share for the current fiscal year.

About LGN

Legence Corp. (NASDAQ: LGN) is an energy-transition and building-solutions company that helps commercial, industrial and institutional customers improve the performance, efficiency and sustainability of their facilities and infrastructure. Its work is focused on reducing energy consumption and emissions while supporting the development, modernization and operation of complex buildings and facilities.

The company provides services that may include engineering, design, construction, building automation and controls, heating, ventilation and air-conditioning systems, electrical services, energy management, renewable-energy solutions, maintenance and facility optimization.