Wedbush analyst Jay McCanless reiterated a Buy rating on Legacy Housing (LEGH – Research Report) today and set a price target of $25.00. The company’s shares closed yesterday at $21.26.
According to TipRanks, McCanless is a 5-star analyst with an average return of 22.5% and a 72.04% success rate. McCanless covers the Consumer Cyclical sector, focusing on stocks such as Beazer Homes, Cavco Industries, and KB Home.
Currently, the analyst consensus on Legacy Housing is a Moderate Buy with an average price target of $30.50, a 43.46% upside from current levels. In a report released yesterday, Lake Street also maintained a Buy rating on the stock with a $36.00 price target.
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The company has a one-year high of $26.50 and a one-year low of $17.67. Currently, Legacy Housing has an average volume of 57.4K.
Based on the recent corporate insider activity of 114 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LEGH in relation to earlier this year.
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Legacy Housing (LEGH) Company Description:
Legacy Housing Corp. engages in the selling, building, and financing manufactured homes and tiny houses that are distributed through a network of independent retailers and company-owned stores and are sold directly to manufactured home communities. Its products include tiny homes, singlewide, doublewide, the ultimate home, oilfield/workforce, and park housing. The company was founded by Curtis Drew Hodgson and Kenny E. Shipley in May 2005 and is headquartered in Dallas, TX.
