Economy

(LEN) Price Target Raised to $49.00 at JPMorgan Chase & Co

Riverhead Capital Management LLC now owns 8,326 shares of the construction company's stock worth $444,000 after purchasing an additional 36 shares during the last quarter. As per Wednesday, September 16, the company rating was downgraded by Chardan Capital Markets. The stock rose 0.48% or $0.25 reaching $51.95 per share. About 2.37M shares traded or 55.92% up from the average.

Lennar Corporation (NYSE:LEN) last issued its earnings results on Tuesday, June 20th. It has outperformed by 3.21% the S&P500. Seven investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company's stock. Bank of Nova Scotia has an ownership of 79,890 stocks of the construction firms shares valued $4,260,000 following purchasing an extra 33,388 stocks in the previous period. 112.38 million shares or 16.35% less from 134.35 million shares in 2016Q3 were reported. About 484,036 shares traded. Veritiv Corp (NYSE:VRTV) has risen 28.48% since September 18, 2016 and is uptrending. It has outperformed by 11.78% the S&P500. Riverhead Capital Management LLC raised its position in shares of Lennar by 0.4% during the 2nd quarter.

Since April 3, 2017, it had 0 buys, and 1 sale for $1.03 million activity. On Friday, May 26 the insider STEWART MARTA R sold $255,304.

More notable recent COMSCORE, Inc. Seekingalpha.com's news article titled: "Lennar: Riding The Storm Out" with publication date: September 07, 2017 was also an interesting one. (NYSE:NSC) to report earnings on October, 25. During the same period in the prior year, the company posted $0.95 EPS. NSC's profit will be $466.83M for 19.70 P/E if the $1.62 EPS becomes a reality. Wedbush also issued estimates for Lennar Corporation's Q3 2017 earnings at $0.99 EPS, Q1 2018 earnings at $0.72 EPS, Q2 2018 earnings at $1.04 EPS, Q4 2018 earnings at $1.68 EPS and FY2018 earnings at $4.61 EPS.

Investors sentiment decreased to 1.2 in 2016 Q4. Its down 0.09, from 0.9 in 2016Q3. It is negative, as 54 investors sold NSC shares while 354 reduced holdings. 197.51 million shares or 1.15% more from 195.27 million shares in 2016Q3 were reported. (NYSE:NSC). Lafayette Invests Incorporated stated it has 3.32% of its portfolio in Norfolk Southern Corp. 1832 Asset Mgmt Limited Partnership invested in 775,000 shares. The New York-based Price Michael F has invested 0.25% in the stock. (NYSE:NSC) for 116,017 shares. Balyasny Asset Management Limited Co stated it has 185,270 shares or 0.04% of all its holdings. Thrivent For Lutherans invested in 0% or 6,690 shares. Ent Fincl Service has 24 shares for 0% of their portfolio. Barclays Capital maintained Lennar Corporation (NYSE:LEN) rating on Wednesday, March 30. Ing Groep Nv has invested 0.01% in Norfolk Southern Corp. Sphinx Trading Limited Partnership invested 0.74% of its portfolio in Stillwater Mining Company (NYSE:SWC). Goldman Sachs Grp holds 993,336 shares. Rhumbline Advisers holds 0.04% or 339,870 shares.

Among 25 analysts covering Norfolk Southern Corp. (NYSE:NSC), 5 have Buy rating, 5 Sell and 15 Hold. Therefore 20% are positive. Stillwater Mining Company had 10 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of Norfolk Southern Corp. The rating was maintained by Cowen & Co on Thursday, January 28 with "Outperform". The firm earned "Underweight" rating on Friday, June 3 by Morgan Stanley. Buckingham Research initiated the shares of NSC in report on Wednesday, January 18 with "Neutral" rating. The firm now has a $54.00 price target on the construction company's stock. Lennar has an average rating of "Buy" and an average target price of $56.82.

03/22/2017 - Lennar Corporation had its "neutral" rating reiterated by analysts at JP Morgan. (NYSE:NSC) has "Hold" rating given on Monday, September 11 by Stifel Nicolaus. On Tuesday, August 22 the stock rating was maintained by KeyBanc Capital Markets with "Hold". Therefore 50% are positive. Lennar had 41 analyst reports since September 22, 2015 according to SRatingsIntel.

Boasting a price of $52.74, Lennar Corporation (NYSE:LEN) traded 0.83% higher on the day. The company was upgraded on Friday, January 15 by UBS. The stock of Stillwater Mining Company (NYSE:SWC) has "Outperform" rating given on Wednesday, July 20 by FBR Capital. The firm has "Neutral" rating given on Monday, February 8 by Credit Suisse. The rating was maintained by Bank of America with "Buy" on Thursday, June 9. William Blair downgraded Veritiv Corp (NYSE:VRTV) on Thursday, August 3 to "Market Perform" rating. On Wednesday, March 30 the stock rating was maintained by Barclays Capital with "Overweight". The firm has "Buy" rating given on Tuesday, June 20 by Keefe Bruyette & Woods.

A number of equities research analysts recently weighed in on LEN shares. It is 0.00% or $0 reaching $0 per share.

Analysts expect Lennar Corporation (NYSE:LEN) to report $1.02 EPS on September, 19.They anticipate $0.01 EPS change or 0.99% from last quarter's $1.01 EPS. Its down 0.26, from 1.21 in 2016Q3. It worsened, as 56 investors sold LEN shares while 153 reduced holdings. 57 funds opened positions while 141 raised stakes. Greenhaven holds 5.39 million shares or 3.91% of its portfolio. Allianz Asset Management Ag reported 0.04% of its portfolio in Lennar Corporation (NYSE:LEN). The company has its outstanding shares of 227.66M. 199,100 are owned by Swiss Savings Bank. The company has market cap of $163.13 million. Lennar has a one year low of $39.68 and a one year high of $55.75. California Employees Retirement System accumulated 48,503 shares or 0% of the stock. Metropolitan Life Insur holds 0.03% or 102,661 shares in its portfolio. Cap International Inc Ca reported 8,500 shares. Ngam Advsrs LP has invested 0.04% in Lennar Corporation (NYSE:LEN). Old Mutual Customised Solutions (Proprietary) owns 2,900 shares for 0.02% of their portfolio. Finally, National Pension Service increased its position in Lennar by 9.8% in the second quarter.



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