Lazard Capital Starts Stock Coverage on Lennox International (LII)

By admin | 6 years ago

Investment analysts at Lazard Capital assumed coverage on shares of Lennox International (NYSE: LII) in a note issued to investors on Wednesday. The firm set a “buy” rating on the stock.

Lennox International traded down 1.22% on Wednesday, hitting $43.74. Lennox International has a 1-year low of $24.37 and a 1-year high of $50.44. The company has a market cap of $2.229 billion and a price-to-earnings ratio of 26.17.

The company last announced its quarterly results on Tuesday, April 24th. It reported $0.01 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of ($0.10) EPS by $0.11. The company’s quarterly revenue was up 2.2% on a year-over-year basis. Analysts expect that Lennox International will post $0.95 EPS next quarter.

LII has been the subject of a number of other recent research reports. Analysts at Sidoti downgraded shares of Lennox International from a “buy” rating to a “neutral” rating in a research note to investors on Monday. Separately, analysts at TheStreet downgraded shares of Lennox International to a “hold” rating in a research note to investors on Thursday, April 26th. Finally, analysts at JPMorgan Chase (NYSE: JPM) raised their price target on shares of Lennox International from $34.00 to $42.00 in a research note to investors on Wednesday, April 25th.

Lennox International Inc. (LII) is a provider of climate control solutions. The Company designs, manufactures and markets a range of products for the heating, ventilation, air conditioning and refrigeration (HVACR) markets.

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