Tigress Financial has initiated coverage on Legence Corp (LGN) with a Buy rating, marking the firm's first assessment of the company. This decision underscores the firm's positive outlook based on its research into Legence's business model, industry dynamics, and growth prospects.
Legence Corp, headquartered in San Jose, California, engages in the provision of engineering, installation, and maintenance services for mission-critical systems in buildings. The company operates through two segments: Engineering & Consulting and Installation & Maintenance. Its Engineering & Consulting segment focuses on designing heating, ventilation, and air conditioning (HVAC) systems, while the Installation & Maintenance segment fabricates and installs HVAC systems and provides ongoing maintenance.
With a market capitalization of $4.7 billion, Legence Corp recently reported strong earnings performance for Q3 2025, posting earnings per share (EPS) of $0.18, significantly surpassing estimates of $0.06, resulting in a 207.7% surprise.
As of November 1, 2025, the analyst consensus for Legence Corp stands at 7 Strong Buy, 9 Buy, and 3 Hold, with no Sell or Strong Sell ratings, indicating a favorable view among analysts. Notably, Tigress Financial's new Buy rating follows recent upgrades from Jefferies and maintains the positive sentiment established by other firms.
Analyst ratings and price targets serve as professional opinions based on research and financial models. While these insights can provide valuable context, they reflect assumptions that may not materialize as anticipated. Investors are encouraged to consider a range of factors, including company fundamentals and industry trends, when making decisions.