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LGI Homes (NASDAQ:LGIH) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued on Monday. They currently have a $21.70 price target on the stock. Zacks‘s price objective would suggest a potential upside of 8.61% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of LGI Homes in a research note on Wednesday, August 13th. They now have a $21.00 price target on the stock, up previously from $20.00. 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. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $21.34.

Shares of LGI Homes (NASDAQ:LGIH) traded down 0.15% on Monday, hitting $19.95. The stock had a trading volume of 46,499 shares. LGI Homes has a one year low of $12.01 and a one year high of $22.21. The stock has a 50-day moving average of $19.37 and a 200-day moving average of $17.37. The company has a market cap of $414.2 million and a price-to-earnings ratio of 42.15.

LGI Homes (NASDAQ:LGIH) last posted its quarterly earnings results 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 $1.39 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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