Lennar Co. (NYSE:LEN) has received an average recommendation of “Buy” from the twenty analysts that are currently covering the company. Six analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $54.23.

Several analysts have commented on the stock. Zacks Investment Research upgraded shares of Lennar from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research note on Friday. Royal Bank of Canada reiterated a “buy” rating and issued a $53.00 price target on shares of Lennar in a research note on Monday. Barclays PLC boosted their price target on shares of Lennar from $51.00 to $56.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 7th. Citigroup Inc assumed coverage on shares of Lennar in a research note on Tuesday, February 14th. They issued a “neutral” rating and a $52.00 price target on the stock. Finally, Evercore ISI reiterated a “buy” rating and issued a $55.00 price target on shares of Lennar in a research note on Tuesday, December 13th.

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Shares of Lennar (NYSE:LEN) opened at 52.68 on Tuesday. The company’s 50-day moving average price is $48.13 and its 200 day moving average price is $44.55. The firm has a market capitalization of $12.35 billion, a PE ratio of 13.39 and a beta of 1.27. Lennar has a 12-month low of $39.68 and a 12-month high of $53.79.

A number of institutional investors have recently modified their holdings of the stock. Eagle Asset Management Inc. increased its position in shares of Lennar by 9.3% in the third quarter. Eagle Asset Management Inc. now owns 622,596 shares of the company’s stock valued at $26,360,000 after buying an additional 53,206 shares during the last quarter. Creative Planning increased its position in shares of Lennar by 353.4% in the third quarter. Creative Planning now owns 7,722 shares of the company’s stock valued at $327,000 after buying an additional 6,019 shares during the last quarter. Sadoff Investment Management LLC increased its position in shares of Lennar by 0.5% in the third quarter. Sadoff Investment Management LLC now owns 478,956 shares of the company’s stock valued at $20,279,000 after buying an additional 2,539 shares during the last quarter. Exxonmobil Investment Management Inc. TX increased its position in shares of Lennar by 1.0% in the third quarter. Exxonmobil Investment Management Inc. TX now owns 47,966 shares of the company’s stock valued at $2,031,000 after buying an additional 491 shares during the last quarter. Finally, Atalanta Sosnoff Capital LLC purchased a new position in shares of Lennar during the third quarter valued at approximately $961,000. Institutional investors own 79.04% of the company’s stock.

Lennar Company Profile

Lennar Corporation is a provider of real estate related financial services, commercial real estate, investment management and finance company. The Company is a homebuilder that operates in various states. Its segments include Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto and Lennar Multifamily.

5 Day Chart for NYSE:LEN

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