Economy

Lennar Corporation (NYSE:LEN) Valuation According To Analysts

Lennar Corporation (NYSE:LEN) Valuation According To Analysts”

BTIG Research started coverage on shares of Lennar Corporation (NYSE:LEN) in a research report sent to investors on Tuesday. Argent Tru reported 0.1% in Lennar Corporation (NYSE:LEN). Lennar has $6400 highest and $45 lowest target. After $0.91 actual EPS reported by Lennar Corporation for the previous quarter, Wall Street now forecasts 12.09% EPS growth.

"Although we believe the storm damage to be mild, we are in the early stages of assessment and will provide more information on our third quarter earnings call which we are tentatively scheduling for October 3rd, 2017". Equities analysts anticipate that Lennar Corporation will post $3.82 earnings per share for the current year.

Lennar Corporation (NYSE:LEN) last issued its quarterly earnings data on Tuesday, June 20th. Investors of record on Friday, January 27th were issued a dividend of $0.04 per share. 186.24 million shares or 3.31% more from 180.27 million shares in 2016Q3 were reported. The company's revenue for the quarter was up 14.6% on a year-over-year basis. They expect $1.02 EPS, up 0.99% or $0.01 from last year's $1.01 per share. The firm issued a buy rating and a $56.00 target price on the stock. Sg Americas Limited Liability has invested 0.01% in Lennar Corporation (NYSE:LEN). Argus reissued a buy rating and set a $55.00 price target on shares of Lennar Corporation in a report on Friday, October 21st.

In a statement issued on Wednesday June 21, 2017 RBC Capital Markets upped the price target of Lennar Corporation (NYSE:LEN) from $60.00 to $61.00 indicating a possible upside of 0.14%. On Tuesday, March 22 the stock rating was initiated by Evercore with "Buy". They now have a Dollars 53 price target on the stock. They now have a Dollars 60 price target on the stock. Sumitomo Mitsui Trust Holdings Inc. now owns 583,705 shares of the company's stock valued at $26,909,000 after buying an additional 3,253 shares during the period. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Hedge funds and other institutional investors own 79.04% of the company's stock.

More recent Infosys Ltd ADR (NYSE:INFY) news were published by: Investorplace.com which released: "Infosys Ltd ADR (INFY) Stock Sinks on Surprise CEO Resignation" on August 18, 2017. The stock declined 0.35% or $0.18 reaching $51.03 per share. It also increased its holding in Alphabet Inc Cl A by 1,013 shares in the quarter, for a total of 12,502 shares, and has risen its stake in Vanguard Us Total Equity Marke (VTI). Pacer Advisors Inc. now owns 4,038 shares of the construction company's stock worth $207,000 after acquiring an additional 859 shares during the last quarter. The I-G Investment Management Ltd holds 29,700 shares with $1.28M value, down from 219,471 last quarter. QS Investors LLC now owns 2,541 shares of the construction company's stock valued at $135,000 after buying an additional 25 shares in the last quarter. Lennar Corp now has $11.75B valuation. MUFG Americas Holdings Corp now owns 3,030 shares of the construction company's stock valued at $155,000 after buying an additional 248 shares in the last quarter. Davidson And Garrard has invested 0.06% in Lennar Corporation (NYSE:LEN). If you are accessing this story on another site, it was illegally stolen and reposted in violation of global copyright legislation. JP Morgan reinitiated Lennar Corporation (NYSE:LEN) on Monday, March 14 with "Neutral" rating. Lennar Corporation has a 52-week low of 39.68 and a 52-week high of 55.75. The stock's 50 day moving average price is $53.24 and its 200 day moving average price is $51.51. "Our company is well positioned with a strong land portfolio in these markets to fulfill the shortage of housing that has been exacerbated by these storms".

The company noted that two back-to-back major hurricanes affected Lennar's communities in Texas, Florida, Georgia and SC, which markets in total represent approximately 40% of the company's annual homebuilding revenues. Its segments include Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto and Lennar Multifamily.



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