StockNews.com Upgrades Lennar (NYSE:LEN) to “Buy”

Lennar (NYSE:LEN – Get a Grade) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report released Saturday.

LEN has been the subject of a number of other reports. KeyCorp downgraded Lennar from a “sector weight” rating to an “underweight” rating and set a price target of $86.00 for the company. in a research note from Wednesday, January 19. Seaport Res Ptn upgraded Lennar from a “neutral” rating to a “buy” rating in a Friday, January 14 research note. Raymond James raised his price target on Lennar from $120.00 to $125.00 and gave the company an “outperform” rating in a Tuesday, Dec. 21 research note. UBS Group launched coverage on Lennar in a research note on Wednesday, January 19. They issued a “buy” rating and a target price of $145.00 for the company. Finally, Barclays raised its price target on Lennar from $110.00 to $136.00 and gave the company an “equal weight” rating in a Wednesday, Dec. 15 research note. One research analyst rated the stock with a sell rating, five issued a hold rating and twelve gave the company’s stock a buy rating. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $123.53.

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NYSE: LEN opened at $89.14 on Friday. The company’s 50-day moving average is $98.25 and its two-hundred-day moving average is $102.04. The company has a debt ratio of 0.22, a current ratio of 9.56 and a quick ratio of 1.41. Lennar has a 12-month low of $79.40 and a 12-month high of $117.54. The company has a market capitalization of $26.64 billion, a PE ratio of 6.24, a growth price-earnings ratio of 1.19 and a beta of 1.56.

Lennar (NYSE:LEN – Get Rating) last announced its results on Wednesday, December 15. The construction company reported earnings per share (EPS) of $3.91 for the quarter, missing the Zacks consensus estimate of $4.15 per ($0.24). The company posted revenue of $8.43 billion for the quarter, versus $8.53 billion expected by analysts. Lennar had a return on equity of 19.45% and a net margin of 16.33%. During the same period a year earlier, the company posted earnings per share of $2.82. Equity analysts expect Lennar to post EPS of 15.82 for the current year.

A number of large investors have recently changed their positions in LEN. Newbridge Financial Services Group Inc. increased its holdings in Lennar by 69.0% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 284 shares of the construction company worth $33,000 after buying 116 more shares in the last quarter. Mizuho Securities Co.Ltd. purchased a new equity stake in Lennar during the fourth quarter valued at approximately $34,000. Consolidated Planning Corp bought a new position in Lennar in the third quarter worth about $29,000. Clearstead Advisors LLC increased its holdings in Lennar by 1,556.7% in the third quarter. Clearstead Advisors LLC now owns 497 shares of the construction company worth $47,000 after purchasing an additional 467 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. increased its stake in Lennar by 36.2% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 640 shares of the construction company worth $60,000 after purchasing an additional 170 shares during the period. 83.26% of the shares are currently held by institutional investors.

About Lennar (Get a rating)

Lennar Corp. is a home construction company that provides financial and investment management services related to real estate. It operates through the following segments: Homebuilding East, Central, Texas and West, Financial Services, Multifamily and Lennar Other. The Homebuilding East, Central, Texas and West segment builds and sells homes primarily for first-time buyers, first-time buyers and working adults, primarily under the Lennar brand.

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