Lennar (NYSE:LEN – Get Free Report) had its target price lowered by stock analysts at Truist Financial from $95.00 to $90.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a “hold” rating on the construction company’s stock. Truist Financial’s price target suggests a potential upside of 5.33% from the stock’s current price.
A number of other equities research analysts also recently issued reports on LEN. Zacks Research raised shares of Lennar from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 19th. Citizens Jmp restated a “market perform” rating on shares of Lennar in a research note on Wednesday, January 7th. UBS Group reduced their target price on Lennar from $122.00 to $107.00 and set a “neutral” rating for the company in a report on Monday, March 16th. JPMorgan Chase & Co. decreased their price target on Lennar from $115.00 to $80.00 and set an “underweight” rating for the company in a research report on Thursday, December 18th. Finally, BTIG Research set a $90.00 price objective on Lennar in a research report on Thursday, December 18th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Hold rating and eight have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $101.14.
Read Our Latest Stock Report on LEN
Lennar Price Performance
Shares of NYSE:LEN opened at $85.45 on Tuesday. The company has a current ratio of 4.77, a quick ratio of 0.97 and a debt-to-equity ratio of 0.18. The stock has a market cap of $21.10 billion, a PE ratio of 12.28, a price-to-earnings-growth ratio of 1.84 and a beta of 1.47. The stock’s fifty day simple moving average is $106.22 and its two-hundred day simple moving average is $115.53. Lennar has a 1-year low of $84.38 and a 1-year high of $144.24.
Lennar (NYSE:LEN – Get Free Report) last posted its earnings results on Thursday, March 12th. The construction company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.07). Lennar had a return on equity of 7.80% and a net margin of 5.39%.The firm had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.90 billion. During the same quarter in the previous year, the company earned $2.14 EPS. The business’s revenue was down 13.3% compared to the same quarter last year. As a group, analysts forecast that Lennar will post 12.48 EPS for the current fiscal year.
Hedge Funds Weigh In On Lennar
Large investors have recently made changes to their positions in the stock. Guerra Advisors Inc purchased a new position in shares of Lennar in the third quarter valued at $25,000. KERR FINANCIAL PLANNING Corp purchased a new stake in Lennar during the 3rd quarter worth about $25,000. Redmont Wealth Advisors LLC bought a new position in Lennar in the 3rd quarter worth about $26,000. High Point Wealth Management LLC purchased a new position in Lennar during the 4th quarter valued at about $31,000. Finally, DV Equities LLC bought a new stake in shares of Lennar during the fourth quarter valued at about $31,000. 81.10% of the stock is owned by institutional investors.
Lennar Company Profile
(Get Free Report)
Lennar Corporation (NYSE: LEN) is a U.S.-based homebuilder and real estate company that designs, constructs and sells residential housing. The company offers a range of product types including single-family detached homes, townhomes and condominiums, serving buyers from entry-level and first-time purchasers to move-up, active-adult and luxury segments. Lennar also develops master-planned communities and manages land acquisition and entitlement activities that support its homebuilding operations.
In addition to home construction and sales, Lennar provides a suite of ancillary services intended to streamline the purchase process and capture additional value.
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