Lennar Corporation (LEN) Receives Price Target

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 6 equity analysts are currently covering the company. The average price of all the analysts is $53.33 with a standard deviation of $3.61.

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.


Also, Argus Research initiates coverage on Lennar Corporation (NYSE:LEN) The current rating of the shares is Buy. Equity Analysts at the Firm announces the price target to $59 per share. The rating by the firm was issued on July 5, 2016.

Lennar Corporation (NYSE:LEN): The stock opened at $47.37 on Thursday but the bulls could not build on the opening and the stock topped out at $47.60 for the day. The stock traded down to $46.56 during the day, due to lack of any buying support eventually closed down at $46.71 with a loss of -1.25% for the day. The stock had closed at $47.30 on the previous day. The total traded volume was 1,099,938 shares.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.