Bank of America Corp. set a $52.00 price target on Lennar Corp. (NYSE:LEN) in a research note published on Tuesday morning. The brokerage currently has a a buy rating on the stock.

Analyst Recommendations for Lennar Corp. (NYSE:LEN)

LEN has been the topic of a number of other research reports. MKM Partners set a $52.00 target price on Lennar Corp. and gave the stock a hold rating in a research note on Wednesday, September 14th. Credit Suisse Group AG reiterated a hold rating on shares of Lennar Corp. in a research note on Tuesday, June 28th. Zacks Investment Research lowered Lennar Corp. from a buy rating to a hold rating in a research note on Monday, August 29th. Argus initiated coverage on Lennar Corp. in a research note on Tuesday, July 5th. They set a buy rating and a $59.00 target price on the stock. Finally, Wedbush initiated coverage on Lennar Corp. in a research note on Monday. They set a neutral rating and a $46.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $54.08.

Lennar Corp. (NYSE:LEN) traded down 1.24% during trading on Tuesday, reaching $42.96. The company’s stock had a trading volume of 3,311,407 shares. The stock has a market cap of $9.41 billion, a P/E ratio of 11.47 and a beta of 1.37. Lennar Corp. has a 1-year low of $37.14 and a 1-year high of $52.50. The company’s 50 day moving average price is $46.34 and its 200-day moving average price is $46.48.

Lennar Corp. (NYSE:LEN) last announced its earnings results on Tuesday, September 20th. The company reported $1.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.12. The company had revenue of $2.83 billion for the quarter. Lennar Corp. had a return on equity of 14.41% and a net margin of 8.52%. Lennar Corp.’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter last year, the business posted $0.96 EPS. Equities analysts forecast that Lennar Corp. will post $3.82 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Ropes Wealth Advisors LLC raised its position in Lennar Corp. by 492.9% in the second quarter. Ropes Wealth Advisors LLC now owns 2,591 shares of the company’s stock valued at $119,000 after buying an additional 2,154 shares during the period. Mizuho Asset Management Co. Ltd. raised its position in Lennar Corp. by 160.5% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,767 shares of the company’s stock valued at $128,000 after buying an additional 1,705 shares during the period. Pacer Advisors Inc. raised its position in Lennar Corp. by 18.9% in the second quarter. Pacer Advisors Inc. now owns 3,211 shares of the company’s stock valued at $148,000 after buying an additional 510 shares during the period. Tower Research Capital LLC TRC raised its position in Lennar Corp. by 1,971.0% in the second quarter. Tower Research Capital LLC TRC now owns 4,432 shares of the company’s stock valued at $204,000 after buying an additional 4,218 shares during the period. Finally, Chartist Inc. CA acquired a new position in Lennar Corp. during the second quarter valued at $206,000. 86.39% of the stock is owned by hedge funds and other institutional investors.

About Lennar Corp.

Lennar Corporation is a homebuilder that operates in various states with deliveries of over 24,290 new homes. The Company’s segments include Homebuilding activities, which include Homebuilding East, Homebuilding Central, Homebuilding West, Homebuilding Southeast Florida and Homebuilding Houston; Lennar Financial Services; Rialto, and Lennar Multifamily.

5 Day Chart for NYSE:LEN

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