Lennar (NYSE:LEN) Price Target Cut to $100.00 by Analysts at Wells Fargo & Company

Lennar (NYSE:LEN) had its price target reduced by investment analysts at Wells Fargo & Company from $105.00 to $100.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the construction company’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 5.35% from the company’s previous close.

Several other equities analysts have also recently weighed in on the company. JPMorgan Chase & Co. decreased their price objective on Lennar from $115.00 to $80.00 and set an “underweight” rating for the company in a report on Thursday, December 18th. Citigroup reduced their price target on Lennar from $133.00 to $113.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th. Weiss Ratings restated a “hold (c)” rating on shares of Lennar in a research note on Thursday, January 22nd. UBS Group cut Lennar from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $137.00 to $122.00 in a research note on Tuesday, January 6th. Finally, BTIG Research set a $90.00 price objective on Lennar in a report on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Hold rating and eight have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $104.71.

Lennar Stock Down 0.0%

Shares of NYSE LEN traded down $0.04 during midday trading on Monday, reaching $94.92. The company’s stock had a trading volume of 557,782 shares, compared to its average volume of 2,968,335. The stock has a 50 day simple moving average of $112.52 and a 200-day simple moving average of $119.53. The company has a current ratio of 4.77, a quick ratio of 0.97 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $23.44 billion, a price-to-earnings ratio of 13.64, a PEG ratio of 1.37 and a beta of 1.43. Lennar has a fifty-two week low of $92.17 and a fifty-two week high of $144.24.

Lennar (NYSE:LEN) last released its earnings results on Thursday, March 12th. The construction company reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.07). Lennar had a net margin of 5.39% and a return on equity of 7.80%. The business had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.90 billion. During the same period last year, the business posted $2.14 EPS. The firm’s revenue for the quarter was down 13.3% on a year-over-year basis. Equities research analysts predict that Lennar will post 12.48 earnings per share for the current year.

Institutional Investors Weigh In On Lennar

Several large investors have recently added to or reduced their stakes in LEN. Guerra Advisors Inc acquired a new stake in shares of Lennar in the 3rd quarter valued at about $25,000. Redmont Wealth Advisors LLC bought a new stake in shares of Lennar in the 3rd quarter worth $26,000. KERR FINANCIAL PLANNING Corp bought a new stake in Lennar in the 3rd quarter worth about $25,000. DV Equities LLC purchased a new stake in shares of Lennar during the fourth quarter valued at approximately $31,000. Finally, High Point Wealth Management LLC purchased a new stake in shares of Lennar during the 4th quarter valued at $31,000. Institutional investors and hedge funds own 81.10% of the company’s stock.

About Lennar

Lennar Corporation (NYSE: LEN) is a U.S.-based homebuilder and real estate company that designs, constructs and sells residential housing. The company offers a range of product types including single-family detached homes, townhomes and condominiums, serving buyers from entry-level and first-time purchasers to move-up, active-adult and luxury segments. Lennar also develops master-planned communities and manages land acquisition and entitlement activities that support its homebuilding operations.

In addition to home construction and sales, Lennar provides a suite of ancillary services intended to streamline the purchase process and capture additional value.