LGI Homes’s “Overweight” Rating Reaffirmed at JPMorgan Chase & Co. (LGIH)
LGI Homes (NASDAQ:LGIH)‘s stock had its “overweight” rating restated by stock analysts at JPMorgan Chase & Co. in a report issued on Wednesday. They currently have a $21.00 target price on the stock, up from their previous target price of $20.00. JPMorgan Chase & Co.’s price objective suggests a potential upside of 10.53% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of LGI Homes from a “neutral” rating to an “outperform” rating in a research note on Friday, July 25th. They now have a $21.70 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of LGI Homes in a research note on Monday, June 23rd. They now have a $20.00 price target on the stock, up previously from $18.00. Finally, 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. Six equities research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus price target of $21.34.
Shares of LGI Homes (NASDAQ:LGIH) traded up 0.05% during mid-day trading on Wednesday, hitting $19.01. The stock had a trading volume of 88,266 shares. LGI Homes has a 52-week low of $12.01 and a 52-week high of $22.21. The stock’s 50-day moving average is $19.20 and its 200-day moving average is $17.24. The company has a market cap of $394.7 million and a price-to-earnings ratio of 42.79.
LGI Homes (NASDAQ:LGIH) last released its earnings data on Tuesday, August 12th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.10. The company had revenue of $106.40 million for the quarter, compared to the consensus estimate of $90.81 million. On average, analysts predict that LGI Homes will post $1.32 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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