Lennar Corporation (LEN) Receives ‘Analyst’ Rating

Lennar Corporation (LEN) has an average broker rating of 2.11, which is interpreted as a Buy, as rated by 9 equity analysts. Nonetheless, 3 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) : 6 Wall Street analysts covering Lennar Corporation (LEN) believe that the average level the stock could reach for the short term is $53.33. The maximum price target given is $60 and the minimum target for short term is around $49, hence the standard deviation is calculated at $3.61.


Also, Argus Research initiates coverage on Lennar Corporation (NYSE:LEN). The shares have now been rated Buy by the stock experts at the ratings house. Argus Research announces the current price target of $59 per share on Lennar Corporation. The rating by the firm was issued on July 5, 2016.

Lennar Corporation (NYSE:LEN): After opening at $44.74, the stock dipped to an intraday low of $44.51 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $45.29 and the buying power remained strong till the end. The stock closed at $45.01 for the day, a gain of 0.60% for the day session. The total traded volume was 2,578,638. The stocks close on the previous trading day was $44.74.

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.

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