Lennar PT Raised to $45.00 (LEN)
Equities researchers at MKM Partners lifted their price target on shares of Lennar (NYSE:LEN) from $42.00 to $45.00 in a research report issued on Friday. The firm currently has a “neutral” rating on the stock. MKM Partners’ price target would suggest a potential upside of 8.91% from the company’s current price.
Lennar (NYSE:LEN) traded down 0.83% during mid-day trading on Friday, hitting $40.9754. 1,128,370 shares of the company’s stock traded hands. Lennar has a one year low of $30.90 and a one year high of $44.40. The stock has a 50-day moving average of $40.22 and a 200-day moving average of $39.62. The company has a market cap of $8.376 billion and a P/E ratio of 18.53.
Lennar (NYSE:LEN) last announced its earnings results on Thursday, June 26th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.10. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the previous year, the company posted $0.61 earnings per share. The company’s revenue for the quarter was up 27.5% on a year-over-year basis. On average, analysts predict that Lennar will post $2.49 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Barclays reiterated an “outperform” rating on shares of Lennar in a research note on Friday. They now have a $50.00 price target on the stock, up previously from $46.00. Analysts at Zacks reiterated a “neutral” rating on shares of Lennar in a research note on Friday, May 2nd. They now have a $41.00 price target on the stock. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $44.38.
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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