Lennar Corp (LEN) Received its Third Buy in a Row

After KeyBanc and J.P. Morgan gave Lennar Corp (NYSE: LEN) a Buy rating last month, the company received another Buy, this time from Barclays. Analyst Matthew Bouley maintained a Buy rating on Lennar Corp yesterday and set a price target of $52. The company’s shares opened today at $45.17.

According to TipRanks.com, Bouley is ranked 0 out of 5 stars with an average return of -8.9% and a 38.9% success rate. Bouley covers the Industrial Goods sector, focusing on stocks such as Continental Building Products, Advanced Drainage Systems, and Builders Firstsource.

Lennar Corp has an analyst consensus of Strong Buy, with a price target consensus of $55.67, implying a 23.2% upside from current levels. In a report issued on January 7, KeyBanc also upgraded the stock to Buy with a $50 price target.


See today’s analyst top recommended stocks >>

Lennar Corp’s market cap is currently $14.92B and has a P/E ratio of 8.58. The company has a Price to Book ratio of 1.06.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Lennar Corp. is a homebuilders company, which engages in the provision of real estate related financial services and investment management. It operates through the following segment: Lennar Financial Services; Rialto, and Lennar Multifamily.

Leave a Reply

Your email address will not be published. Required fields are marked *