Several analysts have recently updated their ratings and price targets for Lennar Corporation (NYSE: LEN):

  • 9/26/2017 – Lennar Corporation had its “hold” rating reaffirmed by analysts at KeyCorp.
  • 9/25/2017 – Lennar Corporation had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $64.00 price target on the stock.
  • 9/19/2017 – Lennar Corporation was downgraded by analysts at Mizuho from a “buy” rating to a “neutral” rating. They now have a $53.00 price target on the stock, down previously from $59.00.
  • 9/18/2017 – Lennar Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Lennar is one of the best-positioned homebuilders to capitalize on the housing recovery, courtesy of the diverse revenue mix, steady top-line performance, above-average order growth and improving SG&A leverage. Moreover, the company’s ancillary platforms — Rialto, Multi-Family, FivePoint and Financial Services — are evolving and should improve further. Lennar remains focused on continued improvement in the SG&A line from operating leverage and investments in technology. Also, the acquisition of WCI Communities is expected to generate strong gross margin given its portfolio of high quality, low cost land and 51 communities. Meanwhile, Lennar's shares underperformed the industry over the last three months and earnings estimate revisions have been mixed in the last seven days. However, labor shortages, rising land and labor costs as well as interest rate can keep the housing momentum in check going forward.”
  • 9/15/2017 – Lennar Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $57.00 price target on the stock. According to Zacks, “Lennar is one of the best-positioned homebuilders to capitalize on the housing recovery, courtesy of the diverse revenue mix, steady top-line performance, above-average order growth and improving SG&A leverage. Moreover, the company’s ancillary platforms — Rialto, Multi-Family, FivePoint and Financial Services — are evolving and should improve further. Lennar remains focused on continued improvement in the SG&A line from operating leverage and investments in technology. Also, the acquisition of WCI Communities is expected to generate strong gross margin given its portfolio of high quality, low cost land and 51 communities. Meanwhile, although Lennar shares underperformed the industry over the last three months, earnings estimates for the current year and the next have moved upward. However, labor shortages, rising land and labor costs as well as interest rate can keep the housing momentum in check going”
  • 9/14/2017 – Lennar Corporation had its “neutral” rating reaffirmed by analysts at Wedbush. They now have a $54.00 price target on the stock.
  • 9/5/2017 – Lennar Corporation had its “neutral” rating reaffirmed by analysts at MKM Partners.
  • 8/26/2017 – Lennar Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/23/2017 – Lennar Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Lennar is one of the best-positioned homebuilders to capitalize on the housing recovery, courtesy of the diverse revenue mix, steady top-line performance, above-average order growth and improving SG&A leverage. Moreover, the company’s ancillary platforms — Rialto, Multi-Family, FivePoint and Financial Services — are evolving and should improve further. Lennar remains focused on continued improvement in the SG&A line from operating leverage and investments in technology. Also, the acquisition of WCI Communities is expected to generate strong gross margin given its portfolio of high quality, low cost land and 51 communities. However, labor shortages, rising land and labor costs as well as interest rate can keep the housing momentum in check going forward. Again, Lennar shares have underperformed the industry so far this year.”
  • 8/22/2017 – Lennar Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $58.00 price target on the stock. According to Zacks, “Lennar is one of the best-positioned homebuilders to capitalize on the housing recovery, courtesy of the diverse revenue mix, steady top-line performance, above-average order growth and improving SG&A leverage. Moreover, the company’s ancillary platforms — Rialto, Multi-Family, FivePoint and Financial Services — are evolving and should improve further. Lennar remains focused on continued improvement in the SG&A line from operating leverage and investments in technology. Also, the acquisition of WCI Communities is expected to generate strong gross margin given its portfolio of high quality, low cost land and 51 communities. Although Lennar shares underperformed the industry year-to-date, estimates have moved north for fiscal 2017 in the last 60 days.”
  • 8/21/2017 – Lennar Corporation had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $64.00 price target on the stock.
  • 8/12/2017 – Lennar Corporation was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

Lennar Corporation (NYSE LEN) opened at 55.35 on Wednesday. The company’s 50 day moving average price is $51.62 and its 200-day moving average price is $52.02. Lennar Corporation has a 52 week low of $39.68 and a 52 week high of $55.85. The company has a market capitalization of $12.98 billion, a P/E ratio of 16.18 and a beta of 1.22.

Lennar Corporation (NYSE:LEN) last released its quarterly earnings data on Tuesday, October 3rd. The construction company reported $1.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.05. The business had revenue of $3.26 billion during the quarter, compared to analyst estimates of $3.25 billion. Lennar Corporation had a return on equity of 12.57% and a net margin of 6.78%. The company’s revenue was up 15.1% on a year-over-year basis. During the same quarter last year, the business posted $1.01 EPS. Equities research analysts expect that Lennar Corporation will post $3.82 earnings per share for the current year.

Lennar Corporation is a provider of real estate related financial services, commercial real estate, investment management and finance company. The Company is a homebuilder that operates in various states. Its segments include Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto and Lennar Multifamily.

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