BMO Capital Markets Issues Positive Forecast for LGN (NASDAQ:LGN) Stock Price

LGN (NASDAQ:LGN) had its price objective upped by BMO Capital Markets from $100.00 to $105.00 in a research report sent to investors on Friday morning,Benzinga reports. BMO Capital Markets currently has an outperform rating on the stock.

Other analysts also recently issued research reports about the stock. Loop Capital started coverage on shares of LGN in a research note on Wednesday, April 29th. They set a “buy” rating and a $96.00 price target for the company. Royal Bank Of Canada decreased their target price on LGN from $106.00 to $101.00 and set an “outperform” rating for the company in a research report on Wednesday, July 22nd. The Goldman Sachs Group upped their target price on LGN from $63.00 to $72.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Guggenheim increased their price target on LGN from $106.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Finally, Roth Capital restated a “buy” rating and issued a $120.00 price objective on shares of LGN in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, LGN has an average rating of “Moderate Buy” and an average price target of $99.08.

LGN Stock Up 5.0%

Shares of LGN opened at $66.38 on Friday. The firm has a fifty day moving average price of $73.77 and a 200-day moving average price of $68.40. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $7.17 billion and a P/E ratio of 288.61. LGN has a 12-month low of $26.96 and a 12-month high of $107.24.

LGN (NASDAQ:LGN) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.37) EPS for the quarter, missing the consensus estimate of $0.26 by ($0.63). LGN had a positive return on equity of 4.48% and a negative net margin of 1.20%.The company had revenue of $1.26 billion during the quarter. Equities research analysts expect that LGN will post 1.24 earnings per share for the current year.

Institutional Investors Weigh In On LGN

Hedge funds have recently made changes to their positions in the stock. Value Aligned Research Advisors LLC grew its stake in LGN by 22.4% in the first quarter. Value Aligned Research Advisors LLC now owns 308,141 shares of the company’s stock valued at $17,398,000 after purchasing an additional 56,460 shares during the last quarter. Pictet Asset Management Holding SA purchased a new stake in shares of LGN during the fourth quarter valued at about $1,722,000. Renaissance Technologies LLC boosted its holdings in shares of LGN by 87.6% in the 1st quarter. Renaissance Technologies LLC now owns 579,700 shares of the company’s stock valued at $32,730,000 after buying an additional 270,615 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of LGN in the 4th quarter valued at about $3,179,000. Finally, Allspring Global Investments Holdings LLC grew its position in shares of LGN by 65.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 176,251 shares of the company’s stock worth $9,951,000 after buying an additional 69,914 shares during the last quarter.

LGN News Summary

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, while adjusted EBITDA rose 114% to $154.6 million. Organic revenue growth excluding the Bowers acquisition was 60%, indicating substantial underlying demand. Legence Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Management raised its 2026 revenue outlook to $4.7 billion-$4.8 billion from $4.1 billion-$4.3 billion and lifted adjusted EBITDA guidance to $565 million-$585 million from $470 million-$490 million. Third-quarter revenue guidance of $1.225 billion-$1.275 billion also exceeds the reported consensus estimate. Legence Raises 2026 Guidance
• Positive Sentiment: Backlog and awarded contracts reached a record $5.67 billion, up 105% year over year, providing improved revenue visibility. Demand was particularly strong in data centers and technology, as well as life sciences, government and education.
• Positive Sentiment: Bank of America raised its LGN price target to $116 from $105 and assigned a Buy rating. BMO also increased its target to $105 from $100 and rated the shares Outperform. Both targets imply substantial upside from recent trading levels. Analyst Price Target Revisions
• Neutral Sentiment: BTIG reaffirmed its Buy rating but reduced its price target to $100 from $120, reflecting a more cautious view after the quarterly results. Roth Capital also reiterated a Buy rating.
• Negative Sentiment: Legence reported a loss of $0.37 per share, versus analysts’ expected profit of $0.26. Net loss attributable to Legence widened to $27.8 million from $5.3 million a year earlier, partly reflecting goodwill and long-lived asset impairments.
• Negative Sentiment: Gross margin declined to 17.4% from 21.5%, while adjusted gross margin fell to 18.5% from 21.8%, due to an unfavorable business mix and higher service-delivery costs. Analysts’ mixed reactions, including several price-target reductions, underscore concerns about profitability despite the strong top-line outlook.

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.