JMP Securities Boosts Lennar (NYSE:LEN) Price Target to $210.00

Lennar (NYSE:LEN) had its price target hoisted by analysts at JMP Securities from $170.00 to $210.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a “market outperform” rating on the construction company’s stock. JMP Securities’ target price indicates a potential upside of 14.67% from the company’s previous close.

Several other research analysts have also commented on the stock. Barclays increased their price target on shares of Lennar from $177.00 to $210.00 and gave the stock an “overweight” rating in a research note on Monday. Wells Fargo & Company raised their target price on Lennar from $195.00 to $205.00 and gave the company an “overweight” rating in a report on Monday, September 9th. Argus upped their price target on Lennar from $175.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. Evercore ISI cut their price objective on Lennar from $240.00 to $236.00 and set an “outperform” rating on the stock in a research note on Monday. Finally, Citigroup upped their target price on Lennar from $164.00 to $196.00 and gave the stock a “neutral” rating in a research report on Monday. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $181.94.

Lennar Price Performance

Shares of NYSE:LEN opened at $183.13 on Wednesday. The business has a fifty day simple moving average of $177.67 and a 200 day simple moving average of $164.42. The company has a current ratio of 4.90, a quick ratio of 0.98 and a debt-to-equity ratio of 0.08. Lennar has a 1 year low of $102.90 and a 1 year high of $193.80. The firm has a market cap of $50.29 billion, a price-to-earnings ratio of 12.41, a P/E/G ratio of 1.71 and a beta of 1.61.

Lennar (NYSE:LEN) last announced its quarterly earnings results on Thursday, September 19th. The construction company reported $3.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.62 by $0.28. Lennar had a return on equity of 15.47% and a net margin of 11.51%. The business had revenue of $9.42 billion during the quarter, compared to analyst estimates of $9.14 billion. During the same period in the previous year, the company earned $3.91 EPS. The firm’s revenue was up 7.9% on a year-over-year basis. As a group, sell-side analysts predict that Lennar will post 14.13 earnings per share for the current fiscal year.

Institutional Trading of Lennar

Institutional investors and hedge funds have recently modified their holdings of the company. Rise Advisors LLC increased its holdings in Lennar by 484.0% in the 1st quarter. Rise Advisors LLC now owns 146 shares of the construction company’s stock valued at $25,000 after buying an additional 121 shares during the period. J.Safra Asset Management Corp acquired a new stake in shares of Lennar during the 1st quarter valued at about $30,000. New Covenant Trust Company N.A. bought a new stake in Lennar in the first quarter valued at about $32,000. Redmont Wealth Advisors LLC bought a new position in Lennar during the first quarter worth about $35,000. Finally, Fortitude Family Office LLC boosted its holdings in Lennar by 223.6% during the second quarter. Fortitude Family Office LLC now owns 233 shares of the construction company’s stock valued at $35,000 after purchasing an additional 161 shares in the last quarter. 81.10% of the stock is currently owned by institutional investors.

Lennar Company Profile

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.