Wedbush Sticks to Its Buy Rating for Legacy Housing (LEGH)

In a report released today, Jay McCanless from Wedbush maintained a Buy rating on Legacy Housing (LEGH – Research Report), with a price target of $25.00. The company’s shares closed yesterday at $21.14.

McCanless covers the Consumer Cyclical sector, focusing on stocks such as DR Horton, Lennar, and Meritage. According to TipRanks, McCanless has an average return of 22.4% and a 72.15% success rate on recommended stocks.

Currently, the analyst consensus on Legacy Housing is a Moderate Buy with an average price target of $27.67.

LEGH market cap is currently $515.8M and has a P/E ratio of 9.72.

Based on the recent corporate insider activity of 98 insiders, corporate insider sentiment is neutral on the stock.

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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.