Lennar Now Covered by Analysts at Bank of America (LEN)
Bank of America started coverage on shares of Lennar (NYSE:LEN) in a research note issued on Friday. The firm set a “buy” rating and a $49.00 price target on the stock. Bank of America’s target price indicates a potential upside of 26.58% from the company’s current price.
A number of other analysts have also recently weighed in on LEN. 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 analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $44.46.
Lennar (NYSE:LEN) opened at 38.707 on Friday. Lennar has a one year low of $31.81 and a one year high of $44.40. The stock’s 50-day moving average is $38.00 and its 200-day moving average is $39.77. The company has a market cap of $7.913 billion and a price-to-earnings ratio of 17.41.
Lennar (NYSE:LEN) last posted its quarterly earnings results 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. The company’s quarterly revenue was up 27.5% on a year-over-year basis.
Lennar Corporation is a homebuilder and a provider of financial services and through its Rialto Investments (NYSE:LEN) segment.
Receive News & Ratings for Lennar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lennar and related companies with Analyst Ratings Network's FREE daily email newsletter.