Lennar Corp. [LEN] stock is trading at $179.05, up 2.90%. An important factor to consider is whether the stock is rising or falling in short-term value. The LEN shares have gain 5.87% over the last week, with a monthly amount glided 3.71%, 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 August 05, 2024, when Seaport Research Partners downgraded its rating to a Neutral. Previously, Goldman downgraded its rating to Neutral on July 22, 2024, and dropped its price target to $174. On July 09, 2024, upgrade upgraded it’s rating to Neutral but maintained its price target of $144 on the stock. Raymond James downgraded its rating to a Mkt Perform. Citigroup downgraded its rating to a Neutral and reduced its price target to $164 on July 02, 2024. Wedbush downgraded its rating to Underperform for this stock on April 02, 2024, but kept the price target unchanged to $144. In a note dated November 27, 2023, Jefferies initiated an Hold rating and provided a target price of $117 on this stock.
Lennar Corp. [LEN] stock has fluctuated between $102.90 and $182.53 over the past year. Currently, Wall Street analysts expect the stock to reach $148.47 within the next 12 months. Lennar Corp. [NYSE: LEN] shares were valued at $179.05 at the most recent close of the market. An investor can expect a potential drop of -17.08% based on the average LEN price forecast.
Analyzing the LEN fundamentals
Lennar Corp. [NYSE:LEN] reported sales of 35.83B for the trailing twelve months, which represents a growth 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 176.26 points at the first support level, and at 173.48 for the second support level. However, for the 1st resistance point, the stock is sitting at 181.16, and for the 2nd resistance point, it is at 183.28.
Ratios To Look Out For
For context, Lennar Corp.’s Current Ratio is 5.21. On the other hand, the Quick Ratio is 1.10, and the Cash Ratio is 0.78. Considering the valuation of this stock, the price to sales ratio is 1.37, the price to book ratio is 1.83 and price to earnings (TTM) ratio is 12.17.
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.
