Barclays Cuts Lennar (NYSE:LEN) Price Target to $95.00

Lennar (NYSE:LEN - Get Free Report) had its price target cut by research analysts at Barclays from $110.00 to $95.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an "equal weight" rating on the construction company's stock. Barclays's target price would indicate a potential downside of 8.84% from the company's current price.

LEN has been the subject of a number of other reports. Wells Fargo & Company cut their target price on Lennar from $120.00 to $110.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 9th. Wedbush reaffirmed a "neutral" rating and set a $158.00 target price on shares of Lennar in a research note on Monday, March 17th. Royal Bank Of Canada dropped their price target on shares of Lennar from $125.00 to $122.00 and set a "sector perform" rating for the company in a research note on Monday, March 24th. Bank of America decreased their price objective on Lennar from $140.00 to $130.00 and set a "neutral" rating on the stock in a report on Tuesday, March 18th. Finally, Evercore ISI reiterated an "in-line" rating and issued a $131.00 price objective (down from $159.00) on shares of Lennar in a research report on Monday, March 24th. Fifteen research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $147.87.

Lennar Stock Performance

NYSE:LEN opened at $104.21 on Wednesday. The company has a fifty day moving average of $107.89 and a two-hundred day moving average of $122.70. Lennar has a fifty-two week low of $98.42 and a fifty-two week high of $187.61. The stock has a market capitalization of $27.49 billion, a PE ratio of 8.64, a P/E/G ratio of 2.96 and a beta of 1.34. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.68 and a current ratio of 3.42.

Lennar (NYSE:LEN - Get Free Report) last posted its quarterly earnings data on Monday, June 16th. The construction company reported $1.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.94 by ($0.04). Lennar had a return on equity of 12.32% and a net margin of 9.20%. The firm had revenue of $8.38 billion during the quarter, compared to analyst estimates of $8.21 billion. During the same quarter in the previous year, the firm posted $3.45 earnings per share. The company's quarterly revenue was down 4.4% on a year-over-year basis. As a group, research analysts forecast that Lennar will post 12.48 earnings per share for the current fiscal year.

Institutional Trading of Lennar

A number of institutional investors and hedge funds have recently modified their holdings of LEN. Envestnet Portfolio Solutions Inc. raised its stake in shares of Lennar by 10.0% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 7,377 shares of the construction company's stock valued at $1,006,000 after purchasing an additional 672 shares in the last quarter. Skandinaviska Enskilda Banken AB publ lifted its position in shares of Lennar by 29.5% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 82,572 shares of the construction company's stock valued at $11,246,000 after acquiring an additional 18,800 shares in the last quarter. Candriam S.C.A. boosted its position in shares of Lennar by 47.9% in the fourth quarter. Candriam S.C.A. now owns 17,649 shares of the construction company's stock worth $2,407,000 after buying an additional 5,718 shares during the period. TrueMark Investments LLC purchased a new position in Lennar during the 4th quarter valued at about $1,331,000. Finally, Mn Services Vermogensbeheer B.V. grew its position in Lennar by 4.2% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 99,900 shares of the construction company's stock valued at $13,623,000 after purchasing an additional 4,000 shares in the last quarter. 81.10% of the stock is owned by institutional investors and hedge funds.

About Lennar

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.

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