Wells Fargo & Company Lowers Lennar (NYSE:LEN) Price Target to $130.00

Lennar (NYSE:LEN) had its target price dropped by equities researchers at Wells Fargo & Company from $145.00 to $130.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the construction company’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 7.46% from the company’s previous close.

Several other equities analysts have also recently weighed in on LEN. Bank of America dropped their price target on shares of Lennar from $150.00 to $140.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. Citigroup dropped their price target on shares of Lennar from $196.00 to $150.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Barclays dropped their target price on shares of Lennar from $135.00 to $121.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. BTIG Research cut shares of Lennar from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Finally, UBS Group dropped their target price on shares of Lennar from $205.00 to $192.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $163.88.

Lennar Stock Performance

Shares of LEN opened at $120.98 on Tuesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.71 and a quick ratio of 1.06. The stock has a 50-day moving average of $135.18 and a 200-day moving average of $162.05. The company has a market cap of $32.12 billion, a PE ratio of 8.44, a P/E/G ratio of 1.25 and a beta of 1.67. Lennar has a one year low of $117.90 and a one year high of $193.80.

Lennar (NYSE:LEN) last announced its quarterly earnings results on Wednesday, December 18th. The construction company reported $4.03 earnings per share for the quarter, missing the consensus estimate of $4.15 by ($0.12). Lennar had a net margin of 11.10% and a return on equity of 13.93%. The business had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $10.06 billion. During the same period in the previous year, the business posted $4.82 EPS. Lennar’s revenue was down 9.3% compared to the same quarter last year. On average, equities research analysts predict that Lennar will post 12.48 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Armstrong Advisory Group Inc. grew its stake in Lennar by 69.4% in the 4th quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock valued at $25,000 after buying an additional 75 shares in the last quarter. Crews Bank & Trust purchased a new position in Lennar in the 4th quarter valued at approximately $25,000. Hurley Capital LLC purchased a new position in Lennar in the 4th quarter valued at approximately $26,000. Oakworth Capital Inc. purchased a new position in shares of Lennar during the 3rd quarter valued at $27,000. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Lennar during the 4th quarter valued at $28,000. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Lennar Company Profile

Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments. The company’s homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land; and development, construction, and management of multifamily rental properties.