Legacy Housing Corp (LEGH) Given $16.50 Consensus Target Price by Analysts

Shares of Legacy Housing Corp (NASDAQ:LEGH) have earned an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.

Brokerages have set a 12-month consensus target price of $16.50 for the company and are expecting that the company will post $0.22 EPS for the current quarter, according to Zacks. Zacks has also given Legacy Housing an industry rank of 61 out of 255 based on the ratings given to its competitors.

Several research firms have recently weighed in on LEGH. Zacks Investment Research downgraded Legacy Housing from a “hold” rating to a “sell” rating in a research report on Saturday, April 13th. B. Riley began coverage on Legacy Housing in a research report on Tuesday, January 8th. They issued a “buy” rating and a $17.00 target price on the stock. Finally, Oak Ridge Finl. restated a “buy” rating on shares of Legacy Housing in a research report on Tuesday, January 8th.

A number of institutional investors have recently made changes to their positions in the stock. Knott David M purchased a new position in Legacy Housing during the fourth quarter worth approximately $108,000. Northern Trust Corp purchased a new position in Legacy Housing during the fourth quarter worth approximately $123,000. Mesirow Financial Investment Management Inc. purchased a new position in Legacy Housing during the first quarter worth approximately $313,000. Monarch Partners Asset Management LLC purchased a new position in Legacy Housing during the fourth quarter worth approximately $512,000. Finally, Boston Partners purchased a new position in Legacy Housing during the fourth quarter worth approximately $1,095,000. Hedge funds and other institutional investors own 13.80% of the company’s stock.

Shares of NASDAQ LEGH traded up $0.02 during midday trading on Wednesday, hitting $12.09. The stock had a trading volume of 22 shares, compared to its average volume of 157,240. The company has a market cap of $298.41 million and a PE ratio of 11.30. Legacy Housing has a 1 year low of $8.93 and a 1 year high of $14.99. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.10 and a quick ratio of 1.04.

Legacy Housing Company Profile

Legacy Housing Corporation builds, sells, and finances manufactured homes and tiny houses primarily in the southern United States. The company manufactures and provides for the transport of mobile homes; and offers wholesale financing to dealers and mobile home parks, as well as a range of homes, including 1 to 5 bedrooms, with 1 to 3 1/2 bathrooms.

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