Barclays Issues Pessimistic Forecast for Lennar (NYSE:LEN) Stock Price

Lennar (NYSE:LEN) had its target price decreased by Barclays from $121.00 to $110.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the construction company’s stock. Barclays‘s price target suggests a potential downside of 6.63% from the company’s current price.

LEN has been the subject of a number of other research reports. UBS Group dropped their target price on Lennar from $205.00 to $192.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. JPMorgan Chase & Co. cut their price objective on Lennar from $192.00 to $173.00 and set a “neutral” rating on the stock in a research report on Friday, December 13th. Bank of America dropped their price objective on shares of Lennar from $140.00 to $130.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 18th. Citigroup cut their target price on Lennar from $196.00 to $150.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Finally, The Goldman Sachs Group lowered their target price on Lennar from $190.00 to $162.00 and set a “neutral” rating on the stock in a report on Monday, December 23rd. Fifteen research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $151.07.

Lennar Stock Performance

Shares of LEN opened at $117.81 on Monday. Lennar has a 12-month low of $111.26 and a 12-month high of $187.61. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08. The company has a market cap of $31.28 billion, a PE ratio of 8.22, a price-to-earnings-growth ratio of 1.24 and a beta of 1.69. The stock has a 50-day moving average price of $125.47 and a 200-day moving average price of $152.27.

Lennar (NYSE:LEN) last released its quarterly earnings results on Thursday, March 20th. The construction company reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.44. The business had revenue of $7.63 billion during the quarter, compared to analysts’ expectations of $7.44 billion. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.57 EPS. As a group, equities analysts forecast that Lennar will post 12.48 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Great Valley Advisor Group Inc. purchased a new position in shares of Lennar in the third quarter worth about $235,000. Kingsview Wealth Management LLC grew its holdings in shares of Lennar by 275.4% in the third quarter. Kingsview Wealth Management LLC now owns 5,113 shares of the construction company’s stock valued at $959,000 after purchasing an additional 3,751 shares in the last quarter. Swedbank AB increased its position in shares of Lennar by 5.4% during the third quarter. Swedbank AB now owns 164,709 shares of the construction company’s stock worth $30,880,000 after acquiring an additional 8,405 shares during the period. Centaurus Financial Inc. boosted its stake in shares of Lennar by 2.5% in the 3rd quarter. Centaurus Financial Inc. now owns 2,937 shares of the construction company’s stock valued at $551,000 after buying an additional 71 shares during the period. Finally, Summit Trail Advisors LLC grew its holdings in Lennar by 36.7% during the 3rd quarter. Summit Trail Advisors LLC now owns 2,990 shares of the construction company’s stock worth $561,000 after acquiring an additional 803 shares in the last quarter. Institutional investors and hedge funds own 81.10% of the company’s stock.

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.