Impact of Brokerage Rating on Lennar Corporation(LEN)

Many Lennar Corporation(LEN) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Lennar Corporation was Initiated by Barclays on Jan 6, 2017 to Overweight, Price Target of the shares are set at $50.

Company has reported several Insider transactions to the SEC, on Jan 5, 2017, Jonathan M Jaffe (Vice President/COO) sold 20,000 shares at 43.05 per share price.On Sep 2, 2016, Irving Bolotin (director) sold 75,228 shares at 31.23 per share price.On Apr 8, 2016, Sherrill W Hudson (director) sold 2,500 shares at 47.54 per share price.

Lennar Corporation Last issued its quarterly earnings results on Dec 19, 2016. The company reported $1.34 EPS for the quarter, beating the analyst consensus estimate by $ 0.07. Analyst had a consensus of $1.27. The company had revenue of $3376.60 million for the quarter, compared to analysts expectations of $3314.39 million. The companys revenue was up 14.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.21 EPS.

Lennar Corporation (NYSE:LEN) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2 by 11 Brokerage Firm. 5 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 5 Brokerage Firms have advised hold.

Lennar Corporation (NYSE:LEN) should head towards $51.61 per share according to 9 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $46 per share. The higher price estimate target is at $60 according to the Analysts.

Lennar Corporation (NYSE:LEN) witnessed a decline in the market cap on Tuesday as its shares dropped 1.05% or 0.49 points. After the session commenced at $46.6, the stock reached the higher end at $46.7 while it hit a low of $45.78. With the volume soaring to 2,082,889 shares, the last trade was called at $46.21. The company has a 52-week high of $49.6. The company has a market cap of $10,836 million and there are 234,493,290 shares in outstanding. The 52-week low of the share price is $39.5.

Lennar Corp is one of the nations leading builders of quality homes for all generations, building affordable, move-up and retirement homes. Under the Lennar Family of Builders banner, the Company includes the following brand names: Lennar Homes, U.S. Home, Greystone Homes, Village Builders, Renaissance Homes, Orrin Thompson Homes, Lundgren Bros., Winncrest Homes, Sunstar Communities, Don Galloway Homes, Patriot Homes, NuHome, Barry Andrews Homes, Concord Homes, Summit Homes, Cambridge Homes, Seppala Homes, Genesee and Rutenberg Homes.

Lennar

For any feedback and suggestions contact author at Phil.Cusack@thefoundersdaily.com

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