Lennar (NYSE:LEN) Given New $95.00 Price Target at Barclays

Lennar (NYSE:LENGet Free Report) had its price objective reduced by Barclays from $110.00 to $95.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the construction company’s stock. Barclays‘s target price would suggest a potential downside of 8.10% from the stock’s previous close.

Other research analysts also recently issued reports about the stock. Keefe, Bruyette & Woods dropped their target price on shares of Lennar from $141.00 to $128.00 and set a “market perform” rating on the stock in a research report on Tuesday, March 25th. Wells Fargo & Company dropped their target price on shares of Lennar from $120.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 9th. Bank of America dropped their target price on shares of Lennar from $140.00 to $130.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 18th. Wedbush reaffirmed a “neutral” rating and set a $158.00 price objective on shares of Lennar in a research report on Monday, March 17th. Finally, Royal Bank Of Canada lowered their price objective on shares of Lennar from $125.00 to $122.00 and set a “sector perform” rating on the stock in a research report on Monday, March 24th. Sixteen research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $141.60.

Read Our Latest Analysis on Lennar

Lennar Stock Performance

Lennar stock opened at $103.37 on Wednesday. The firm’s 50 day simple moving average is $107.76 and its 200-day simple moving average is $122.08. The company has a market cap of $27.27 billion, a P/E ratio of 8.55, a price-to-earnings-growth ratio of 2.82 and a beta of 1.33. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.65 and a quick ratio of 0.68. Lennar has a fifty-two week low of $98.42 and a fifty-two week high of $187.61.

Lennar (NYSE:LENGet Free Report) last released its earnings results on Monday, June 16th. The construction company reported $1.90 earnings per share for the quarter, missing the consensus estimate of $1.94 by ($0.04). The firm had revenue of $8.38 billion during the quarter, compared to analysts’ expectations of $8.21 billion. Lennar had a return on equity of 12.73% and a net margin of 9.20%. The business’s revenue was down 4.4% on a year-over-year basis. During the same period last year, the business earned $3.45 earnings per share. As a group, equities research analysts predict that Lennar will post 12.48 EPS for the current year.

Institutional Trading of Lennar

Several large investors have recently added to or reduced their stakes in the business. Inspire Investing LLC grew its position in Lennar by 44.6% in the first quarter. Inspire Investing LLC now owns 2,732 shares of the construction company’s stock worth $314,000 after acquiring an additional 843 shares in the last quarter. Ellsworth Advisors LLC grew its position in Lennar by 1.1% in the first quarter. Ellsworth Advisors LLC now owns 16,638 shares of the construction company’s stock worth $1,910,000 after acquiring an additional 179 shares in the last quarter. Advisors Capital Management LLC grew its position in Lennar by 1.2% in the first quarter. Advisors Capital Management LLC now owns 47,783 shares of the construction company’s stock worth $5,485,000 after acquiring an additional 555 shares in the last quarter. Intech Investment Management LLC grew its position in Lennar by 29.8% in the first quarter. Intech Investment Management LLC now owns 13,840 shares of the construction company’s stock worth $1,589,000 after acquiring an additional 3,177 shares in the last quarter. Finally, Glenview Trust co grew its position in Lennar by 12.3% in the first quarter. Glenview Trust co now owns 15,742 shares of the construction company’s stock worth $1,807,000 after acquiring an additional 1,726 shares in the last quarter. 81.10% of the stock is owned by institutional investors.

About Lennar

(Get Free Report)

Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments. The company’s homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land; and development, construction, and management of multifamily rental properties.

Featured Articles

Analyst Recommendations for Lennar (NYSE:LEN)

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 MarketBeat.com's FREE daily email newsletter.