Stock Traders Buy Large Volume of Put Options on Lennar (LEN)
Shares of Lennar (NYSE:LEN) were the recipient of unusually large options trading activity on Tuesday. Investors purchased 5,957 put options on the company, Stock Ratings Network.com reports. This is an increase of 630% compared to the average volume of 816 put options.
Several analysts have recently commented on the stock. Analysts at RBC Capital cut their price target on shares of Lennar from $50.00 to $47.00 in a research note on Friday, June 27th. They now have an “outperform” rating on the stock. Separately, analysts at MKM Partners raised their price target on shares of Lennar from $42.00 to $45.00 in a research note on Friday, June 27th. They now have a “neutral” rating on the stock. Finally, analysts at Barclays reiterated an “outperform” rating on shares of Lennar in a research note on Friday, June 27th. They now have a $50.00 price target on the stock, up previously from $46.00. Five equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Lennar presently has a consensus rating of “Buy” and an average target price of $44.05.
Shares of Lennar (NYSE:LEN) traded down 0.21% on Tuesday, hitting $38.87. 2,438,545 shares of the company’s stock traded hands. Lennar has a 52-week low of $31.09 and a 52-week high of $44.40. The stock’s 50-day moving average is $38.40 and its 200-day moving average is $39.86. The company has a market cap of $7.946 billion and a price-to-earnings ratio of 17.51.
Lennar (NYSE:LEN) last released its earnings data on Thursday, June 26th. The company reported $0.61 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.61 earnings per share. Lennar’s revenue was up 27.5% compared to the same quarter last year. Analysts expect that Lennar will post $2.57 EPS for the current fiscal year.
Lennar Corporation is a homebuilder and a provider of financial services and through its Rialto Investments (NYSE:LEN) segment.
Receive News & Ratings for Lennar Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lennar Co and related companies with Analyst Ratings Network's FREE daily email newsletter.