LGI Homes Receives Buy Rating from Deutsche Bank (LGIH)
LGI Homes (NASDAQ:LGIH)‘s stock had its “buy” rating restated by research analysts at Deutsche Bank in a report released on Monday. They currently have a $20.00 target price on the stock, up from their previous target price of $18.00. Deutsche Bank’s price target suggests a potential upside of 9.17% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Sidoti initiated coverage on shares of LGI Homes in a research note on Tuesday, June 3rd. They set a “buy” rating on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of LGI Homes from $19.00 to $20.00 in a research note on Monday, May 19th. They now have an “overweight” rating on the stock. Finally, analysts at JMP Securities raised their price target on shares of LGI Homes from $18.00 to $25.00 in a research note on Monday, April 7th. They now have an “outperform” rating on the stock. Five investment analysts have rated the stock with a buy rating, LGI Homes presently has an average rating of “Buy” and an average price target of $21.00.
LGI Homes (NASDAQ:LGIH) traded down 0.33% on Monday, hitting $18.26. 55,822 shares of the company’s stock traded hands. LGI Homes has a one year low of $12.01 and a one year high of $20.75. The stock’s 50-day moving average is $16.46 and its 200-day moving average is $16.79. The company has a market cap of $379.1 million and a P/E ratio of 41.26.
LGI Homes (NASDAQ:LGIH) last issued its quarterly earnings data on Friday, May 16th. The company reported $0.22 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.14 by $0.08. The company had revenue of $75.90 million for the quarter, compared to the consensus estimate of $73.87 million. On average, analysts predict that LGI Homes will post $1.29 earnings per share for the current fiscal year.
LGI Homes, Inc is a homebuilding company engaged in the design and construction of entry-level homes in markets in Texas, Arizona, Florida and Georgia.
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