Lennox International (NYSE:LII) Price Target Raised to $550.00

Lennox International (NYSE:LII) had its target price increased by analysts at Barclays from $517.00 to $550.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has an “equal weight” rating on the construction company’s stock. Barclays‘s target price points to a potential downside of 3.79% from the stock’s current price.

A number of other equities research analysts also recently issued reports on LII. UBS Group increased their price target on shares of Lennox International from $450.00 to $485.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. Stephens reiterated an “overweight” rating and issued a $675.00 target price on shares of Lennox International in a research note on Thursday. JPMorgan Chase & Co. upped their price target on shares of Lennox International from $350.00 to $360.00 and gave the stock an “underweight” rating in a report on Thursday, April 25th. TD Cowen increased their price objective on Lennox International from $550.00 to $600.00 and gave the stock a “buy” rating in a research report on Friday, June 21st. Finally, Mizuho upped their target price on Lennox International from $490.00 to $540.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Lennox International currently has a consensus rating of “Hold” and a consensus target price of $543.62.

Lennox International Stock Up 4.7 %

Shares of NYSE:LII traded up $25.92 during mid-day trading on Friday, hitting $571.65. 131,482 shares of the company traded hands, compared to its average volume of 289,558. The stock has a market cap of $20.36 billion, a P/E ratio of 33.12, a P/E/G ratio of 2.45 and a beta of 1.07. The stock has a 50-day moving average price of $528.56 and a two-hundred day moving average price of $485.47. Lennox International has a 12-month low of $334.53 and a 12-month high of $583.42. The company has a current ratio of 1.60, a quick ratio of 0.68 and a debt-to-equity ratio of 1.95.

Lennox International (NYSE:LII) last announced its earnings results on Wednesday, July 24th. The construction company reported $6.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.55 by $0.28. Lennox International had a return on equity of 198.36% and a net margin of 12.85%. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same period last year, the firm posted $6.15 EPS. The business’s revenue was up 2.8% compared to the same quarter last year. On average, equities research analysts forecast that Lennox International will post 19.88 earnings per share for the current year.

Hedge Funds Weigh In On Lennox International

A number of institutional investors have recently bought and sold shares of the stock. Massmutual Trust Co. FSB ADV lifted its position in Lennox International by 38.8% during the second quarter. Massmutual Trust Co. FSB ADV now owns 68 shares of the construction company’s stock valued at $36,000 after buying an additional 19 shares during the period. Desjardins Global Asset Management Inc. increased its holdings in shares of Lennox International by 1.0% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 4,346 shares of the construction company’s stock valued at $1,945,000 after acquiring an additional 41 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Lennox International by 38.6% in the 2nd quarter. GAMMA Investing LLC now owns 255 shares of the construction company’s stock worth $136,000 after purchasing an additional 71 shares during the last quarter. Eagle Bay Advisors LLC grew its position in Lennox International by 14.0% during the 4th quarter. Eagle Bay Advisors LLC now owns 645 shares of the construction company’s stock valued at $289,000 after purchasing an additional 79 shares during the last quarter. Finally, Tobam increased its position in shares of Lennox International by 1,640.0% during the fourth quarter. Tobam now owns 87 shares of the construction company’s stock valued at $39,000 after acquiring an additional 82 shares in the last quarter. 67.07% of the stock is owned by institutional investors.

Lennox International Company Profile

Lennox International Inc, together with its subsidiaries, designs, manufactures, and markets a range of products for the heating, ventilation, air conditioning, and refrigeration markets in the United States, Canada, and internationally. The Home Comfort Solutions segment provides furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment, comfort control products, and replacement parts and supplies; residential heating, ventilation, cooling equipment, and air conditioning; and evaporator coils and unit heaters under Lennox, Dave Lennox Signature Collection, Armstrong Air, Ducane, AirEase, Concord, MagicPak, Advanced Distributor Products, Allied, Elite Series, Merit Series, Comfort Sync, Healthy Climate, iComfort, ComfortSense, and Lennox Stores name.