Lennox International (NYSE:LII) Stock Price Target Cut by Royal Bank Of Canada

by · The Markets Daily

Lennox International (NYSE:LII – Get Free Report) had its price objective dropped by equities researchers at Royal Bank Of Canada from $469.00 to $406.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a “sector perform” rating on the construction company’s stock. Royal Bank Of Canada’s target price would suggest a potential upside of 17.91% from the company’s previous close.

A number of other equities research analysts also recently commented on the stock. William Blair reaffirmed an “outperform” rating on shares of Lennox International in a research report on Wednesday, July 29th. Weiss Ratings cut Lennox International from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Morgan Stanley dropped their price target on Lennox International from $450.00 to $375.00 and set an “underweight” rating on the stock in a research note on Thursday, September 3rd. The Goldman Sachs Group downgraded Lennox International from a “buy” rating to a “neutral” rating and set a $390.00 price target on the stock. in a research note on Wednesday. Finally, Wells Fargo & Company started coverage on Lennox International in a report on Friday, September 25th. They issued an “equal weight” rating and a $424.00 price objective for the company. Four analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $505.92.

View Our Latest Research Report on LII

Lennox International Stock Performance

Shares of LII traded down $5.79 during mid-day trading on Wednesday, hitting $344.34. 82,121 shares of the company traded hands, compared to its average volume of 478,093. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.77 and a current ratio of 1.57. The stock has a 50-day moving average price of $384.60 and a two-hundred day moving average price of $465.92. Lennox International has a 1 year low of $340.32 and a 1 year high of $587.27. The stock has a market cap of $11.90 billion, a price-to-earnings ratio of 15.53, a P/E/G ratio of 1.48 and a beta of 1.16.

Lennox International (NYSE:LII – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The construction company reported $7.72 earnings per share for the quarter, beating analysts’ consensus estimates of $7.67 by $0.05. Lennox International had a net margin of 14.61% and a return on equity of 66.42%. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the prior year, the firm earned $7.82 earnings per share. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. Lennox International has set its FY 2026 guidance at 23.000-24.000 EPS. Equities analysts anticipate that Lennox International will post 23.44 earnings per share for the current year.

Institutional Trading of Lennox International

Several large investors have recently added to or reduced their stakes in LII. BlackRock Inc. purchased a new stake in shares of Lennox International in the 2nd quarter worth $1,704,846,000. Beacon Pointe Advisors LLC purchased a new position in Lennox International during the second quarter valued at $239,217,000. Bank of America Corp DE purchased a new position in Lennox International during the second quarter valued at $196,075,000. Deutsche Bank AG purchased a new position in Lennox International during the second quarter valued at $159,181,000. Finally, Bank of New York Mellon Corp bought a new stake in Lennox International during the second quarter valued at about $109,955,000. 67.07% of the stock is currently owned by institutional investors.

About Lennox International

(Get Free Report)

Lennox International Inc (NYSE:LII) is a heating, ventilation, air conditioning and refrigeration company that designs, manufactures and markets climate-control products for residential and commercial applications. Its offerings include furnaces, air conditioners, heat pumps, packaged systems, thermostats, controls and indoor air-quality products.

The company also provides commercial HVAC systems and services for offices, retail locations, industrial facilities and other buildings, as well as refrigeration equipment used in food retail and other applications.

Recommended Stories