Lennar (NYSE:LEN) Price Target Lowered to $105.00 at Keefe, Bruyette & Woods

Lennar (NYSE:LEN) had its price target decreased by analysts at Keefe, Bruyette & Woods from $115.00 to $105.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “market perform” rating on the construction company’s stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 8.22% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. Wells Fargo & Company lowered their target price on shares of Lennar from $105.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Monday. BTIG Research set a $90.00 target price on Lennar in a report on Thursday, December 18th. JPMorgan Chase & Co. decreased their price target on Lennar from $115.00 to $80.00 and set an “underweight” rating on the stock in a research note on Thursday, December 18th. Citigroup lowered their price target on Lennar from $113.00 to $104.00 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, Evercore cut Lennar from an “in-line” rating to an “underperform” rating and cut their price objective for the company from $114.00 to $92.00 in a report on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Hold rating and nine have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Lennar has an average rating of “Reduce” and an average target price of $102.07.

Lennar Stock Performance

Shares of NYSE LEN opened at $97.03 on Wednesday. The firm has a market capitalization of $23.96 billion, a price-to-earnings ratio of 13.94, a PEG ratio of 1.39 and a beta of 1.43. Lennar has a one year low of $92.17 and a one year high of $144.24. The business has a fifty day simple moving average of $112.14 and a 200 day simple moving average of $119.01. The company has a current ratio of 4.77, a quick ratio of 0.97 and a debt-to-equity ratio of 0.18.

Lennar (NYSE:LEN) last announced its quarterly 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 net margin of 5.39% and a return on equity of 7.80%. The business had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.90 billion. During the same period last year, the firm earned $2.14 EPS. The company’s quarterly revenue was down 13.3% compared to the same quarter last year. Sell-side analysts expect that Lennar will post 12.48 EPS for the current year.

Institutional Investors Weigh In On Lennar

Hedge funds and other institutional investors have recently bought and sold shares of the business. Guerra Advisors Inc bought a new position in Lennar in the 3rd quarter valued at $25,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Lennar in the third quarter valued at $25,000. Redmont Wealth Advisors LLC bought a new position in shares of Lennar in the third quarter valued at about $26,000. High Point Wealth Management LLC acquired a new position in Lennar during the 4th quarter worth about $31,000. Finally, DV Equities LLC acquired a new position in Lennar during the 4th quarter worth about $31,000. 81.10% of the stock is owned by institutional investors and hedge funds.

About Lennar

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.