Lennox International Rating Increased to Buy at MKM Partners (LII)

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Lennox International (NYSE:LII) was upgraded by MKM Partners from a “neutral” rating to a “buy” rating in a research note issued on Friday, AnalystRatings.Net reports. The firm currently has a $100.00 price objective on the stock, up from their previous price objective of $97.00. MKM Partners’ target price would indicate a potential upside of 19.35% from the company’s current price.

LII has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. upgraded shares of Lennox International from a “neutral” rating to an “overweight” rating in a research note on Monday, May 5th. They now have a $98.00 price target on the stock, up previously from $94.00. Separately, analysts at Wells Fargo & Co. upgraded shares of Lennox International from a “market perform” rating to an “outperform” rating in a research note on Monday, April 7th. They now have a $90.00 price target on the stock, up previously from $82.00. Finally, analysts at FBR Capital Markets initiated coverage on shares of Lennox International in a research note on Wednesday, February 19th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. Lennox International presently has a consensus rating of “Hold” and a consensus target price of $87.80.

Lennox International (NYSE:LII) opened at 83.53 on Friday. Lennox International has a 52-week low of $59.30 and a 52-week high of $94.69. The stock has a 50-day moving average of $86.81 and a 200-day moving average of $85.88. The company has a market cap of $4.105 billion and a P/E ratio of 22.98.

Lennox International (NYSE:LII) last issued its quarterly earnings data on Monday, April 21st. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.01. The company had revenue of $695.00 million for the quarter, compared to the consensus estimate of $691.04 million. During the same quarter in the previous year, the company posted $0.33 earnings per share. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, analysts predict that Lennox International will post $4.52 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Thursday, June 26th. This is an increase from Lennox International’s previous quarterly dividend of $0.24.

Lennox International Inc (NYSE:LII) is a provider of climate control solutions.

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