Lennar Reaches New 12-Month High at $44.40 (LEN)
Lennar (NYSE:LEN) reached a new 52-week high on Thursday , American Banking & Market News reports. The company traded as high as $44.40 and last traded at $44.15, with a volume of 2,988,833 shares trading hands. The stock had previously closed at $43.78.
LEN has been the subject of a number of recent research reports. Analysts at Raymond James downgraded shares of Lennar from a “strong-buy” rating to an “outperform” rating in a research note on Tuesday, February 11th. Separately, analysts at Ned Davis Research upgraded shares of Lennar from a “sell” rating to a “neutral” rating in a research note on Monday, February 10th. Finally, analysts at Goldman Sachs upgraded shares of Lennar from a “neutral” rating to a “conviction-buy” rating in a research note on Thursday, February 6th. They now have a $48.00 price target on the stock, up previously from $38.00. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $43.17.
The stock’s 50-day moving average is $39.69 and its 200-day moving average is $36.16. The company has a market cap of $9.062 billion and a P/E ratio of 20.39.
Lennar (NYSE:LEN) last issued its quarterly earnings data on Wednesday, December 18th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.56 earnings per share. The company’s revenue for the quarter was up 41.8% on a year-over-year basis. On average, analysts predict that Lennar will post $2.47 earnings per share 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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