Lennar Corporation (NYSE:LEN) should head towards $54 per share according to 10 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $49 per share. The higher price estimate target is at $63 according to the Analysts.
Many analysts have stated their opinion on the company shares. Barclays maintains its view on Lennar Corporation (NYSE:LEN) according to the research report released by the firm to its investors. The shares have now been rated Overweight by the stock experts at the ratings house. Barclays raises the price target from $56 per share to $58 per share on Lennar Corporation. The rating by the firm was issued on April 7, 2016. For this week, the average consensus of the company shares are rated as a Strong Buy.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Hudson Sherrill W, director of Lennar Corp /New/, had unloaded 2,500 shares at an average price of $47.54 in a transaction dated on April 7, 2016. The total value of the transaction was worth $118,850.
Lennar Corporation (NYSE:LEN) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.84 points or 1.79% at $46.08 with 1,964,900 shares getting traded. Post opening the session at $46.64, the shares hit an intraday low of $46.05 and an intraday high of $46.97 and the price was in this range throughout the day. The company has a market cap of $9,894 million and the number of outstanding shares have been calculated to be 214,708,790 shares. The 52-week high of Lennar Corporation (NYSE:LEN) is $56.04 and the 52-week low is $37.14.
Lennar Corporation is a real estate company. The Company is a homebuilder, a provider of real estate-related financial services, a commercial real estate investment, investment management and finance company. It operates under Homebuilding Operations, Lennar Financial Services, Rialto and Lennar Multifamily segments. It has grouped its homebuilding activities into five segments: Homebuilding East, Homebuilding Central, Homebuilding West, Homebuilding Southeast Florida and Homebuilding Houston. Its homebuilding operations include the construction and sale of single-family attached and detached homes. Lennar Financial Services offers residential mortgage loan products to buyers of their homes and others. The Rialto segment is a commercial real estate investment, investment management and finance company. The Lennar Multifamily segment focuses on developing a portfolio of multifamily rental properties in select United States markets. It operates under brand name Lennar.