A share price of Lennar Corp. [LEN] is currently trading at $183.65, down -0.74%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The LEN shares have gain 4.66% over the last week, with a monthly amount glided 3.93%, 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. experienced fluctuations in its stock price throughout the past year between $102.90 and $185.68. Currently, Wall Street analysts expect the stock to reach $148.47 within the next 12 months. Lennar Corp. [NYSE: LEN] shares were valued at $183.65 at the most recent close of the market. An investor can expect a potential drop of -19.16% based on the average LEN price forecast.
Analyzing the LEN fundamentals
Trailing Twelve Months sales for Lennar Corp. [NYSE:LEN] were 35.83B which represents 9.17% growth. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.14.
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 182.46 points at the first support level, and at 181.27 for the second support level. However, for the 1st resistance point, the stock is sitting at 185.72, and for the 2nd resistance point, it is at 187.79.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Lennar Corp. [NYSE:LEN] is 5.21. As well, the Quick Ratio is 1.10, while the Cash Ratio is 0.78. Considering the valuation of this stock, the price to sales ratio is 1.41, the price to book ratio is 1.88 and price to earnings (TTM) ratio is 12.48.
Transactions by insiders
Recent insider trading involved Jeffrey J. McCall, Officer, that happened on Aug 23 ’24 when 10000.0 shares were purchased. VP/General Counsel/Secretary, SUSTANA MARK completed a deal on May 20 ’24 to sell 9176.0 shares. Meanwhile, Executive Vice President McCall Jeffrey Joseph sold 10000.0 shares on May 15 ’24.
