TD Cowen Increases Lennox International (NYSE:LII) Price Target to $600.00

Lennox International (NYSE:LII) had its price objective hoisted by stock analysts at TD Cowen from $550.00 to $600.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. TD Cowen’s target price points to a potential upside of 10.50% from the stock’s previous close.

A number of other brokerages have also weighed in on LII. JPMorgan Chase & Co. lifted their price target on shares of Lennox International from $350.00 to $360.00 and gave the company an “underweight” rating in a report on Thursday, April 25th. KeyCorp lifted their target price on shares of Lennox International from $500.00 to $515.00 and gave the company an “overweight” rating in a report on Wednesday, April 10th. Barclays lifted their target price on shares of Lennox International from $450.00 to $500.00 and gave the company an “equal weight” rating in a report on Tuesday, April 2nd. Stephens restated an “overweight” rating and set a $550.00 target price on shares of Lennox International in a report on Thursday, April 25th. Finally, Royal Bank of Canada lifted their target price on shares of Lennox International from $481.00 to $510.00 and gave the company a “sector perform” rating in a report on Thursday, April 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Lennox International has an average rating of “Moderate Buy” and a consensus price target of $491.92.

Lennox International Stock Down 0.1 %

Shares of LII opened at $543.00 on Friday. The firm has a market cap of $19.34 billion, a PE ratio of 31.46, a price-to-earnings-growth ratio of 2.57 and a beta of 1.05. The company’s fifty day moving average is $492.44 and its two-hundred day moving average is $467.15. Lennox International has a fifty-two week low of $309.89 and a fifty-two week high of $551.28. The company has a quick ratio of 0.68, a current ratio of 1.43 and a debt-to-equity ratio of 3.13.

Lennox International (NYSE:LII) last announced its quarterly earnings results on Wednesday, April 24th. The construction company reported $3.47 earnings per share for the quarter, beating analysts’ consensus estimates of $3.17 by $0.30. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. Lennox International had a net margin of 12.38% and a return on equity of 303.36%. Analysts forecast that Lennox International will post 19.92 earnings per share for the current year.

Institutional Investors Weigh In On Lennox International

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Lennox International by 9.0% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 73,135 shares of the construction company’s stock worth $35,745,000 after purchasing an additional 6,041 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Lennox International by 33.6% during the 4th quarter. Russell Investments Group Ltd. now owns 44,049 shares of the construction company’s stock valued at $19,711,000 after buying an additional 11,077 shares during the last quarter. New York State Teachers Retirement System grew its position in shares of Lennox International by 2.7% during the 1st quarter. New York State Teachers Retirement System now owns 36,712 shares of the construction company’s stock valued at $17,943,000 after buying an additional 950 shares during the last quarter. Swedbank AB bought a new stake in shares of Lennox International during the 1st quarter valued at about $15,416,000. Finally, SG Americas Securities LLC grew its position in shares of Lennox International by 279.7% during the 1st quarter. SG Americas Securities LLC now owns 25,754 shares of the construction company’s stock valued at $12,588,000 after buying an additional 18,972 shares during the last quarter. Institutional investors own 67.07% of the company’s stock.

About Lennox International

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.