Royal Bank of Canada Lowers Lennar (NYSE:LEN) Price Target to $125.00

Lennar (NYSE:LEN) had its price objective dropped by analysts at Royal Bank of Canada from $130.00 to $125.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “sector perform” rating on the construction company’s stock. Royal Bank of Canada’s price target would indicate a potential upside of 2.50% from the stock’s current price.

Other research analysts also recently issued research reports about the company. JPMorgan Chase & Co. reduced their target price on Lennar from $192.00 to $173.00 and set a “neutral” rating on the stock in a report on Friday, December 13th. Wedbush restated a “neutral” rating and set a $164.00 price objective on shares of Lennar in a research note on Thursday, December 19th. Bank of America lowered their target price on shares of Lennar from $150.00 to $140.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. Barclays decreased their price target on shares of Lennar from $135.00 to $121.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Finally, The Goldman Sachs Group dropped their price objective on shares of Lennar from $190.00 to $162.00 and set a “neutral” rating on the stock in a research note on Monday, December 23rd. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $167.19.

Lennar Stock Performance

Lennar stock opened at $121.95 on Thursday. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08. The stock has a 50 day moving average of $142.39 and a 200-day moving average of $165.10. The stock has a market cap of $32.38 billion, a P/E ratio of 8.50, a price-to-earnings-growth ratio of 1.32 and a beta of 1.67. Lennar has a 52 week low of $121.40 and a 52 week high of $193.80.

Lennar (NYSE:LEN) last announced its quarterly earnings data 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). The company had revenue of $9.95 billion for the quarter, compared to analyst estimates of $10.06 billion. Lennar had a return on equity of 13.93% and a net margin of 11.10%. Lennar’s revenue was down 9.3% on a year-over-year basis. During the same period in the prior year, the business earned $4.82 earnings per share. On average, analysts expect that Lennar will post 12.52 EPS for the current fiscal year.

Hedge Funds Weigh In On Lennar

Several large investors have recently bought and sold shares of LEN. Oakworth Capital Inc. acquired a new position in shares of Lennar during the third quarter valued at approximately $27,000. Wolff Wiese Magana LLC boosted its stake in Lennar by 933.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 155 shares of the construction company’s stock valued at $29,000 after purchasing an additional 140 shares in the last quarter. GHP Investment Advisors Inc. acquired a new position in shares of Lennar during the 3rd quarter valued at $30,000. Asset Dedication LLC raised its stake in shares of Lennar by 4,225.0% in the 3rd quarter. Asset Dedication LLC now owns 173 shares of the construction company’s stock worth $32,000 after buying an additional 169 shares in the last quarter. Finally, Crews Bank & Trust acquired a new stake in shares of Lennar in the fourth quarter valued at $25,000. Institutional investors and hedge funds own 81.10% of the company’s stock.

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.