Lennar (NYSE:LEN) Price Target Lowered to $114.00 at Evercore ISI

Lennar (NYSE:LEN - Get Free Report) had its price objective lowered by Evercore ISI from $131.00 to $114.00 in a report released on Wednesday,Benzinga reports. The firm presently has an "in-line" rating on the construction company's stock. Evercore ISI's target price indicates a potential upside of 8.60% from the stock's previous close.

Several other equities analysts also recently weighed in on the stock. UBS Group cut their price target on shares of Lennar from $164.00 to $146.00 and set a "buy" rating on the stock in a report on Wednesday. Barclays reduced their target price on shares of Lennar from $110.00 to $95.00 and set an "equal weight" rating for the company in a report on Wednesday. Keefe, Bruyette & Woods lowered their price target on shares of Lennar from $141.00 to $128.00 and set a "market perform" rating on the stock in a report on Tuesday, March 25th. Wall Street Zen upgraded Lennar from a "sell" rating to a "hold" rating in a research note on Friday, April 18th. Finally, Wells Fargo & Company decreased their price objective on Lennar from $120.00 to $110.00 and set an "equal weight" rating for the company in a report on Wednesday, April 9th. Sixteen equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $141.60.

Lennar Stock Performance

Shares of LEN stock traded up $0.37 on Wednesday, reaching $104.98. The stock had a trading volume of 1,139,909 shares, compared to its average volume of 2,663,195. 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 has a 1 year low of $98.42 and a 1 year high of $187.61. The stock has a market cap of $27.69 billion, a P/E ratio of 8.69, a price-to-earnings-growth ratio of 2.96 and a beta of 1.34. The company has a 50 day simple moving average of $107.89 and a 200 day simple moving average of $122.70.

Lennar (NYSE:LEN - Get Free Report) last issued its quarterly earnings results on Monday, June 16th. The construction company reported $1.90 earnings per share for the quarter, missing the consensus estimate of $1.94 by ($0.04). The firm had revenue of $8.38 billion for the quarter, compared to analysts' expectations of $8.21 billion. Lennar had a net margin of 9.20% and a return on equity of 12.32%. Lennar's revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.45 EPS. Equities research analysts expect that Lennar will post 12.48 EPS for the current year.

Institutional Investors Weigh In On Lennar

Several large investors have recently made changes to their positions in the company. Hurley Capital LLC acquired a new stake in shares of Lennar during the 4th quarter valued at $26,000. SBI Securities Co. Ltd. purchased a new position in Lennar in the 4th quarter worth about $28,000. Ameriflex Group Inc. acquired a new stake in Lennar during the 4th quarter worth about $30,000. Opal Wealth Advisors LLC purchased a new stake in Lennar during the first quarter valued at about $30,000. Finally, NBC Securities Inc. acquired a new position in shares of Lennar in the first quarter worth about $33,000. Institutional investors and hedge funds own 81.10% of the company's stock.

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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