Lennar Corp. [LEN] stock prices are up 2.60% to $159.88 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The LEN shares have gain 12.09% over the last week, with a monthly amount glided 5.03%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Lennar Corp. [NYSE: LEN] stock has seen the most recent analyst activity on July 09, 2024, when Wedbush upgraded its rating to a Neutral but kept the price target unchanged to $144 for it. Previously, Raymond James downgraded its rating to Mkt Perform on July 02, 2024. On July 02, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $164 on the stock. Wedbush downgraded its rating to a Underperform but stick to its price target of $144 on April 02, 2024. Jefferies initiated its recommendation with a Hold and recommended $117 as its price target on November 27, 2023. Wells Fargo started tracking with a Overweight rating for this stock on October 17, 2023, and assigned it a price target of $123. In a note dated July 14, 2023, Raymond James upgraded an Outperform rating on this stock but restated the target price of $150.
The stock price of Lennar Corp. [LEN] has been fluctuating between $102.90 and $172.59 over the past year. Currently, Wall Street analysts expect the stock to reach $148.82 within the next 12 months. Lennar Corp. [NYSE: LEN] shares were valued at $159.88 at the most recent close of the market. An investor can expect a potential drop of -6.92% based on the average LEN price forecast.
Analyzing the LEN fundamentals
The Lennar Corp. [NYSE:LEN] reported sales of 35.83B for trailing twelve months, representing a surge of 9.17%. Gross Profit Margin for this corporation currently stands at 0.47% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.16 and Total Capital is 0.16. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.14.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 157.31 points at the first support level, and at 154.73 for the second support level. However, for the 1st resistance point, the stock is sitting at 161.98, and for the 2nd resistance point, it is at 164.07.
Ratios To Look Out For
It’s worth pointing out that Lennar Corp. [NYSE:LEN]’s Current Ratio is 5.21. Also, the Quick Ratio is 1.10, while the Cash Ratio stands at 0.78. Considering the valuation of this stock, the price to sales ratio is 1.23, the price to book ratio is 1.63 and price to earnings (TTM) ratio is 10.87.
Transactions by insiders
Recent insider trading involved SUSTANA MARK, VP/General Counsel/Secretary, that happened on May 20 ’24 when 9176.0 shares were sold. Executive Vice President, McCall Jeffrey Joseph completed a deal on May 15 ’24 to sell 10000.0 shares. Meanwhile, Executive Vice President McCall Jeffrey Joseph sold 10000.0 shares on May 10 ’24.
