Analysts Set Lennar Co. (LEN) Price Target at $63.36

Lennar Co. (NYSE:LEN) has been assigned an average rating of “Buy” from the twenty research firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and sixteen have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $63.36.

LEN has been the topic of several research analyst reports. Bank of America set a $74.00 price objective on shares of Lennar and gave the stock a “buy” rating in a research note on Thursday, October 11th. JMP Securities set a $56.00 price objective on shares of Lennar and gave the stock a “buy” rating in a research note on Friday, October 5th. Credit Suisse Group set a $55.00 price objective on shares of Lennar and gave the stock a “buy” rating in a research note on Thursday, October 4th. MKM Partners set a $61.00 price objective on shares of Lennar and gave the stock a “buy” rating in a research note on Thursday, October 4th. Finally, Citigroup lowered their price objective on shares of Lennar from $65.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, October 4th.

In other Lennar news, COO Jonathan M. Jaffe sold 20,000 shares of Lennar stock in a transaction on Monday, October 1st. The shares were sold at an average price of $46.98, for a total transaction of $939,600.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 8.50% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Marshall Wace North America L.P. boosted its stake in Lennar by 831.5% during the third quarter. Marshall Wace North America L.P. now owns 188,515 shares of the construction company’s stock worth $8,802,000 after buying an additional 168,277 shares in the last quarter. Vanguard Group Inc. boosted its stake in Lennar by 3.7% during the third quarter. Vanguard Group Inc. now owns 31,160,634 shares of the construction company’s stock worth $1,445,931,000 after buying an additional 1,099,188 shares in the last quarter. Kentucky Retirement Systems acquired a new stake in Lennar during the third quarter worth $546,000. Banco de Sabadell S.A boosted its stake in Lennar by 119.0% during the third quarter. Banco de Sabadell S.A now owns 46,082 shares of the construction company’s stock worth $2,161,000 after buying an additional 25,037 shares in the last quarter. Finally, Koshinski Asset Management Inc. boosted its stake in Lennar by 38.2% during the third quarter. Koshinski Asset Management Inc. now owns 5,862 shares of the construction company’s stock worth $274,000 after buying an additional 1,620 shares in the last quarter. Hedge funds and other institutional investors own 84.87% of the company’s stock.

Shares of NYSE:LEN traded down $0.46 during trading on Monday, reaching $42.00. The stock had a trading volume of 3,641,870 shares, compared to its average volume of 4,063,495. The firm has a market cap of $14.02 billion, a price-to-earnings ratio of 11.02, a P/E/G ratio of 0.38 and a beta of 1.25. The company has a quick ratio of 0.72, a current ratio of 12.62 and a debt-to-equity ratio of 0.67. Lennar has a 52 week low of $38.22 and a 52 week high of $72.17.

Lennar (NYSE:LEN) last announced its quarterly earnings data on Wednesday, October 3rd. The construction company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.11. The business had revenue of $5.67 billion for the quarter, compared to the consensus estimate of $5.62 billion. Lennar had a net margin of 6.76% and a return on equity of 12.87%. Lennar’s quarterly revenue was up 73.9% on a year-over-year basis. During the same quarter last year, the company posted $1.06 earnings per share. Research analysts predict that Lennar will post 4.92 EPS for the current fiscal year.

About Lennar

Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. The company operates through Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto, and Lennar Multifamily segments. Its homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land.

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Analyst Recommendations for Lennar (NYSE:LEN)

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