Lennar Corp. PT Raised to $40.00 (LEN)
Investment analysts at MKM Partners raised their price target on shares of Lennar Corp. (NYSE:LEN) from $38.00 to $40.00 in a note issued to investors on Thursday, AmericanBankingNews.com reports. The firm currently has a “neutral” rating on the stock. MKM Partners’ price target suggests a potential upside of 3.60% from the company’s current price.
A number of other firms have also recently commented on LEN. Analysts at Zacks reiterated a “neutral” rating on shares of Lennar Corp. in a research note to investors on Monday, December 23rd. They now have a $39.00 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of Lennar Corp. from $40.00 to $43.00 in a research note to investors on Friday, December 20th. They now have an “outperform” rating on the stock. Finally, analysts at FBR Capital Markets raised their price target on shares of Lennar Corp. from $45.00 to $47.00 in a research note to investors on Thursday, December 19th. They now have an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $42.34.
Lennar Corp. (NYSE:LEN) traded down 1.76% during mid-day trading on Thursday, hitting $37.93. The stock had a trading volume of 1,064,334 shares. Lennar Corp. has a 52-week low of $30.90 and a 52-week high of $44.40. The stock’s 50-day moving average is $36.57 and its 200-day moving average is $34.94. The company has a market cap of $7.374 billion and a P/E ratio of 17.96.
Lennar Corp. (NYSE:LEN) last released its earnings data on Wednesday, December 18th. The company reported $0.73 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.62 by $0.11. The company had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the prior year, the company posted $0.56 earnings per share. The company’s quarterly revenue was up 41.8% on a year-over-year basis. Analysts expect that Lennar Corp. will post $2.45 EPS for the current fiscal year.
Lennar Corporation is a homebuilder and a provider of financial services and through its Rialto Investments (NYSE:LEN) segment, an investor, and manager of funds that invest in real estate assets.
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