Lennar Corp (NYSE: LEN): Analyst View Points To Future Growth

Lennar Corp (LEN) concluded trading on Wednesday at a closing price of $145.93, with 4.58 million shares of worth about $668.55 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -2.26% during that period and on December 18, 2024 the price saw a loss of about -3.66%. Currently the company’s common shares owned by public are about 238.81M shares, out of which, 233.04M shares are available for trading.

Stock saw a price change of -7.73% in past 5 days and over the past one month there was a price change of -13.10%. Year-to-date (YTD), LEN shares are showing a performance of -2.09% which decreased to -0.92% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $140.65 but also hit the highest price of $193.80 during that period. The average intraday trading volume for Lennar Corp shares is 2.01 million. The stock is currently trading -11.39% below its 20-day simple moving average (SMA20), while that difference is down -14.51% for SMA50 and it goes to -12.61% lower than SMA200.

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Lennar Corp (NYSE: LEN) currently have 238.81M outstanding shares and institutions hold larger chunk of about 82.17% of that.

The stock has a current market capitalization of $39.39B and its 3Y-monthly beta is at 1.63. PE ratio of stock for trailing 12 months is 9.66, while it has posted earnings per share of $15.10 in the same period. Its PEG reads 1.61 and has Quick Ratio of 1.15 while making debt-to-equity ratio of 0.15. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for LEN, volatility over the week remained 2.72% while standing at 2.40% over the month.

Stock’s fiscal year EPS is expected to rise by 8.80% while it is estimated to increase by 13.24% in next year. EPS is likely to shrink at an annualized rate of 6.00% for next 5-years, compared to annual growth of 20.35% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Barclays on December 11, 2024 offering an Equal weight rating for the stock and assigned a target price range of between $210 and $181 to it. Coverage by Wells Fargo stated Lennar Corp (LEN) stock as an Equal weight in their note to investors on October 07, 2024, suggesting a price target of $190 for the stock. On August 05, 2024, Seaport Research Partners Downgrade their recommendations, while on July 22, 2024, Goldman Downgrade their ratings for the stock with a price target of $174. Stock get a Neutral rating from Wedbush on July 09, 2024.

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