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

Lennar (NYSE:LEN - Get Free Report) had its price target decreased by research analysts at UBS Group from $164.00 to $146.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the construction company's stock. UBS Group's price target indicates a potential upside of 39.51% from the company's current price.

Several other equities research analysts also recently commented on the stock. Keefe, Bruyette & Woods dropped their price objective 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. Bank of America dropped their price target 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. Barclays reduced their price objective on shares of Lennar from $121.00 to $110.00 and set an "equal weight" rating for the company in a research note on Monday, March 24th. Royal Bank Of Canada dropped their target price on Lennar from $125.00 to $122.00 and set a "sector perform" rating on the stock in a research report on Monday, March 24th. Finally, Wells Fargo & Company dropped their price objective on Lennar from $120.00 to $110.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 9th. Fifteen equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $148.87.

Lennar Stock Down 4.4%

LEN opened at $104.65 on Wednesday. The company has a quick ratio of 0.68, a current ratio of 3.42 and a debt-to-equity ratio of 0.10. The stock has a market cap of $27.61 billion, a price-to-earnings ratio of 8.66, a PEG ratio of 2.96 and a beta of 1.34. The company's 50-day moving average price is $107.89 and its two-hundred day moving average price is $122.70. Lennar has a twelve month low of $98.42 and a twelve month high of $187.61.

Lennar (NYSE:LEN - Get Free Report) last released its earnings results on Monday, June 16th. The construction company reported $1.90 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $8.21 billion. During the same period in the prior year, the business earned $3.45 earnings per share. The business's quarterly revenue was down 4.4% compared to the same quarter last year. As a group, equities analysts expect that Lennar will post 12.48 earnings per share for the current year.

Institutional Investors Weigh In On Lennar

Several hedge funds have recently bought and sold shares of the stock. Brighton Jones LLC lifted its holdings in shares of Lennar by 27.9% during the 4th quarter. Brighton Jones LLC now owns 1,727 shares of the construction company's stock worth $236,000 after acquiring an additional 377 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in Lennar by 1.3% during the fourth quarter. Sanctuary Advisors LLC now owns 43,609 shares of the construction company's stock worth $5,898,000 after purchasing an additional 560 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Lennar by 3.5% in the 4th quarter. CIBC Asset Management Inc now owns 37,007 shares of the construction company's stock worth $5,047,000 after purchasing an additional 1,263 shares in the last quarter. Kestra Investment Management LLC purchased a new position in shares of Lennar in the 4th quarter worth about $49,000. Finally, Lyell Wealth Management LP increased its position in shares of Lennar by 5.8% during the 4th quarter. Lyell Wealth Management LP now owns 83,161 shares of the construction company's stock valued at $11,341,000 after purchasing an additional 4,538 shares during the last quarter. 81.10% of the stock is currently owned by institutional investors.

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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