LGN (NASDAQ:LGN) Price Target Raised to $58.00

LGN (NASDAQ:LGN) had its price target lifted by Stifel Nicolaus from $50.00 to $58.00 in a report published on Monday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Several other equities research analysts also recently commented on LGN. Barclays raised their target price on shares of LGN from $37.00 to $45.00 and gave the company an “equal weight” rating in a research note on Friday, January 23rd. Zacks Research upgraded LGN from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 16th. Tigress Financial boosted their price target on LGN from $54.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Finally, Weiss Ratings assumed coverage on shares of LGN in a report on Wednesday, January 14th. They set a “sell (d+)” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, LGN presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.75.

LGN Stock Up 2.6%

Shares of LGN stock opened at $51.22 on Monday. LGN has a 12-month low of $26.96 and a 12-month high of $52.74. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.98.

Hedge Funds Weigh In On LGN

Large investors have recently modified their holdings of the business. Assetmark Inc. purchased a new position in shares of LGN in the fourth quarter valued at $31,000. Freestone Capital Holdings LLC purchased a new position in shares of LGN in the fourth quarter worth about $1,153,000. Harbor Capital Advisors Inc. purchased a new position in shares of LGN in the fourth quarter worth $1,220,000. LBP AM SA purchased a new position in LGN during the 4th quarter valued at about $2,887,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in LGN during the 4th quarter valued at $3,179,000.

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.