Lennar (LEN) Upgraded at Wells Fargo & Co

Wells Fargo & Co upgraded shares of Lennar (NYSE:LEN) from a market perform rating to an outperform rating in a report released on Tuesday morning, MarketBeat Ratings reports. They currently have $74.00 price objective on the construction company’s stock.

A number of other research analysts have also recently commented on LEN. MKM Partners restated a neutral rating on shares of Lennar in a report on Tuesday, September 5th. Wedbush restated a neutral rating and issued a $54.00 price target on shares of Lennar in a report on Thursday, September 14th. Zacks Investment Research upgraded shares of Lennar from a hold rating to a buy rating and set a $57.00 price target on the stock in a report on Friday, September 15th. Mizuho cut shares of Lennar from a buy rating to a neutral rating and cut their price target for the stock from $59.00 to $53.00 in a report on Tuesday, September 19th. Finally, Royal Bank of Canada reaffirmed a buy rating and issued a $64.00 price objective on shares of Lennar in a research note on Monday, September 25th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $59.60.

Lennar (LEN) traded down $0.28 during mid-day trading on Tuesday, reaching $66.95. 4,595,700 shares of the company’s stock were exchanged, compared to its average volume of 4,650,900. The company has a debt-to-equity ratio of 0.72, a current ratio of 7.76 and a quick ratio of 0.59. Lennar has a fifty-two week low of $43.13 and a fifty-two week high of $67.45. The company has a market capitalization of $15,600.00, a PE ratio of 19.29, a price-to-earnings-growth ratio of 1.34 and a beta of 1.35.

Lennar (NYSE:LEN) last posted its quarterly earnings data on Tuesday, October 3rd. The construction company reported $1.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.05. The business had revenue of $3.26 billion for the quarter, compared to analysts’ expectations of $3.25 billion. Lennar had a net margin of 6.65% and a return on equity of 12.37%. The business’s revenue was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.01 earnings per share. equities research analysts forecast that Lennar will post 4.04 earnings per share for the current fiscal year.

In related news, CFO Bruce E. Gross sold 5,000 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $60.00, for a total value of $300,000.00. Following the completion of the transaction, the chief financial officer now directly owns 371,043 shares of the company’s stock, valued at approximately $22,262,580. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jonathan M. Jaffe sold 20,000 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $64.02, for a total transaction of $1,280,400.00. Following the completion of the transaction, the chief operating officer now directly owns 99,000 shares of the company’s stock, valued at $6,337,980. The disclosure for this sale can be found here. Corporate insiders own 12.18% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. QS Investors LLC increased its holdings in Lennar by 1.0% in the 2nd quarter. QS Investors LLC now owns 2,541 shares of the construction company’s stock worth $135,000 after buying an additional 25 shares during the period. Riverhead Capital Management LLC grew its stake in shares of Lennar by 0.4% during the 2nd quarter. 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 period. Advisors Asset Management Inc. grew its stake in shares of Lennar by 1.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 8,913 shares of the construction company’s stock worth $475,000 after purchasing an additional 135 shares during the period. D.A. Davidson & CO. grew its stake in shares of Lennar by 8.9% during the 2nd quarter. D.A. Davidson & CO. now owns 1,895 shares of the construction company’s stock worth $101,000 after purchasing an additional 155 shares during the period. Finally, Macquarie Group Ltd. grew its stake in shares of Lennar by 3.7% during the 2nd quarter. Macquarie Group Ltd. now owns 5,590 shares of the construction company’s stock worth $298,000 after purchasing an additional 200 shares during the period. Institutional investors own 81.25% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Lennar (LEN) Upgraded at Wells Fargo & Co” was originally posted by Ticker Report and is owned by of Ticker Report. If you are accessing this piece of content on another site, it was copied illegally and republished in violation of United States & international copyright laws. The legal version of this piece of content can be read at https://www.tickerreport.com/banking-finance/3127124/lennar-len-upgraded-at-wells-fargo-co.html.

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.

Analyst Recommendations for Lennar (NYSE:LEN)

Receive News & Ratings for Lennar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lennar and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2018 Ticker Report. Google+.