Lennar (NYSE:LEN) Price Target Cut to $115.00 by Analysts at Keefe, Bruyette & Woods

Lennar (NYSE:LEN) had its price target decreased by equities researchers at Keefe, Bruyette & Woods from $125.00 to $115.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “market perform” rating on the construction company’s stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 2.33% from the company’s previous close.

A number of other brokerages have also issued reports on LEN. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Lennar in a report on Thursday. Raymond James Financial lowered shares of Lennar from a “market perform” rating to an “underperform” rating in a research report on Monday, September 22nd. BTIG Research set a $90.00 price target on shares of Lennar in a report on Thursday. Bank of America reissued an “underperform” rating and set a $95.00 price objective (down previously from $125.00) on shares of Lennar in a report on Thursday. Finally, Wells Fargo & Company set a $110.00 target price on Lennar in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eight have assigned a Hold rating and seven have issued a Sell rating to the company. According to data from MarketBeat.com, Lennar has an average rating of “Reduce” and a consensus target price of $114.62.

Lennar Trading Down 4.4%

Shares of LEN stock opened at $112.39 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.68 and a current ratio of 4.49. The stock has a fifty day simple moving average of $123.12 and a two-hundred day simple moving average of $121.60. The firm has a market capitalization of $28.66 billion, a PE ratio of 14.07, a PEG ratio of 4.92 and a beta of 1.38. Lennar has a 52-week low of $98.42 and a 52-week high of $153.00.

Lennar (NYSE:LEN) last released its quarterly earnings data on Tuesday, December 16th. The construction company reported $2.03 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.27). The business had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.17 billion. Lennar had a return on equity of 9.21% and a net margin of 6.08%.The business’s revenue was down 5.8% on a year-over-year basis. During the same period last year, the company earned $4.03 EPS. On average, analysts predict that Lennar will post 12.48 EPS for the current fiscal year.

Institutional Investors Weigh In On Lennar

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Guerra Advisors Inc bought a new stake in shares of Lennar in the 3rd quarter valued at approximately $25,000. Redmont Wealth Advisors LLC purchased a new stake in Lennar during the 3rd quarter valued at $26,000. KERR FINANCIAL PLANNING Corp bought a new stake in Lennar in the third quarter worth $25,000. FNY Investment Advisers LLC purchased a new position in Lennar during the second quarter worth $33,000. Finally, Rexford Capital Inc. bought a new position in Lennar during the second quarter valued at $36,000. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Lennar Company Profile

Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments. The company’s homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land; and development, construction, and management of multifamily rental properties.