Analyst Rating Update on Lennar Corporation (LEN)

Lennar Corporation (NYSE:LEN) has an average broker rating of 2, which is interpreted as a Buy, as rated by 10 equity analysts. Nonetheless, 4 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Lennar Corporation (NYSE:LEN) : The most positive equity analysts on Lennar Corporation (NYSE:LEN) expects the shares to touch $63, whereas, the least positive believes that the stock will trade at $49 in the short term. The company is covered by 7 Wall Street Brokerage Firms. The average price target for shares are $54.71 with an expected fluctuation of $4.92 from the mean.

For this week, the average consensus of the company shares are rated as a Strong Buy. Also, In a research note released to the investors, Barclays maintains its rating on Lennar Corporation (NYSE:LEN).The analysts at the brokerage house have a current rating of Overweight on the shares. In a recent information released to the investors, Barclays raises the new price target from $56 per share to $58 per share. The rating by the firm was issued on April 7, 2016.

Lennar Corporation (NYSE:LEN): stock turned positive on Tuesday. Though the stock opened at $44.35, the bulls momentum made the stock top out at $45.115 level for the day. The stock recorded a low of $44.1801 and closed the trading day at $45.03, in the green by 2.95%. The total traded volume for the day was 2,334,071. The stock had closed at $43.74 in the previous days trading.

In an insider trading activity, 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 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.

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