Lennar Corporation (LEN) : Analyst Rating Update

Lennar Corporation (LEN) : Zacks Investment Research ranks Lennar Corporation (LEN) as 3, which is a Hold recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 10 research analysts is 2, which indicates as a Buy.

Lennar Corporation (LEN) : 8 investment research analysts covering Lennar Corporation (LEN) have an average price target of $54.5 for the near short term. The highest target price given by the Brokerage Firm to the stock is $63 and the lowest target is $49 for the short term. Analysts expect the variance to be within $4.6 of the average price.

Lennar Corporation (NYSE:LEN): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $46.06 and $45.95 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $47.04. The buying momentum continued till the end and the stock did not give up its gains. It closed at $47.02, notching a gain of 1.56% for the day. The total traded volume was 3,356,569 . The stock had closed at $46.30 on the previous day.

Also, Raymond James upgrades 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 Outperform by the stock experts at the ratings house. Earlier, the shares had a rating of Market Perform. The rating by the firm was issued on June 27, 2016. The company shares have dropped -11.55% from its 1 Year high price. On Aug 19, 2015, the shares registered one year high at $56.04 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $45.67 and the 200 Day Moving Average price is recorded at $44.86.

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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