Lennar Corporation (LEN) has an average broker rating of 2, which is interpreted as a Buy, as rated by 10 equity analysts. Nonetheless, 4 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.
Lennar Corporation (LEN) : The highest short term price target forecast on Lennar Corporation (LEN) is $60 and the lowest target price is $49. A total of 7 equity analysts are currently covering the company. The average price of all the analysts is $53.29 with a standard deviation of $3.3.
Lennar Corporation (NYSE:LEN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $46.97 and $46.80 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $47.36. The buying momentum continued till the end and the stock did not give up its gains. It closed at $47.16, notching a gain of 0.77% for the day. The total traded volume was 1,181,680 . The stock had closed at $46.80 on the previous day.
In a related news, Jaffe Jonathan M, officer (Vice President/COO) of Lennar Corp /New/, unloaded 20,000 shares at an average price of $46.25 on July 1, 2016. The total amount of the transaction was worth $925,000, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Lennar Corporation is a real estate company. The Company is a homebuilder, a provider of real estate-related financial services, a commercial real estate investment, investment management and finance company. It operates under Homebuilding Operations, Lennar Financial Services, Rialto and Lennar Multifamily segments. It has grouped its homebuilding activities into five segments: Homebuilding East, Homebuilding Central, Homebuilding West, Homebuilding Southeast Florida and Homebuilding Houston. Its homebuilding operations include the construction and sale of single-family attached and detached homes. Lennar Financial Services offers residential mortgage loan products to buyers of their homes and others. The Rialto segment is a commercial real estate investment, investment management and finance company. The Lennar Multifamily segment focuses on developing a portfolio of multifamily rental properties in select United States markets. It operates under brand name Lennar.