Lennar Corporation [LEN] Stock trading around $57.22 per share: What’s Next?

Lennar Corporation [NYSE: LEN] plunged by -$5.26 during the normal trading session on Thursday and reaching a high of $61.00 during the day while it closed the day at $57.22. Lennar Corporation stock has also loss -6.32% of its value over the past 7 days. However, LEN stock has inclined by 23.27% in the 3 months of the year. Over the past six months meanwhile, it has lost -3.23% and gained 2.56% year-on date.

The market cap for LEN stock reached $16.62 billion, with 311.21 million shares outstanding and 284.44 million shares in the current float. Compared to the average trading volume of 4.30M shares, LEN reached a trading volume of 4527838 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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Here’s what leading stock market gurus have to say about Lennar Corporation [LEN]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LEN shares is $54.88 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on LEN stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Credit Suisse have made an estimate for Lennar Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on May 28, 2020. While these analysts kept the previous recommendation, Citigroup raised their target price to Buy. The new note on the price target was released on April 15, 2020, representing the official price target for Lennar Corporation stock. Previously, the target price had yet another raise to $48, while Susquehanna analysts kept a Neutral rating on LEN stock. On April 02, 2020, analysts decreased their price target for LEN shares from 48 to 47.

The Average True Range (ATR) for Lennar Corporation is set at 3.31, with the Price to Sales ratio for LEN stock in the period of the last 12 months amounting to 0.73. The Price to Book ratio for the last quarter was 1.11, with the Price to Cash per share for the same quarter was set at 3.62.

LEN stock trade performance evaluation

Lennar Corporation [LEN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.32. With this latest performance, LEN shares gained by 12.46% in over the last four-week period, additionally sinking by -3.23% over the last 6 months – not to mention a rise of 9.85% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for LEN stock in for the last two-week period is set at 49.79, with the RSI for the last a single of trading hit 42.35, and the three-weeks RSI is set at 52.03 for Lennar Corporation [LEN]. The present Moving Average for the last 50 days of trading for this stock 50.60, while it was recorded at 61.66 for the last single week of trading, and 56.03 for the last 200 days.

Lennar Corporation [LEN]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Lennar Corporation [LEN] shares currently have an operating margin of +11.27 and a Gross Margin at +20.28. Lennar Corporation’s Net Margin is presently recorded at +8.24.

Return on Total Capital for LEN is now 9.95, given the latest momentum, and Return on Invested Capital for the company is 7.99. Return on Equity for this stock inclined to 12.01, with Return on Assets sitting at 6.33. When it comes to the capital structure of this company, Lennar Corporation [LEN] has a Total Debt to Total Equity ratio set at 60.02. Additionally, LEN Total Debt to Total Capital is recorded at 37.51, with Total Debt to Total Assets ending up at 32.61. Long-Term Debt to Equity for the company is recorded at 48.76, with the Long-Term Debt to Total Capital now at 30.47.

Reflecting on the efficiency of the workforce at the company, Lennar Corporation [LEN] managed to generate an average of $181,368 per employee. Receivables Turnover for the company is 22.84 with a Total Asset Turnover recorded at a value of 0.77.

Earnings per share (EPS) analysis for Lennar Corporation [LEN] stock

With the latest financial reports released by the company, Lennar Corporation posted 1.3/share EPS, while the average EPS was predicted by analysts to be reported at 1.14/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 14.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for LEN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Lennar Corporation go to 3.10%.

Lennar Corporation [LEN]: Insider Ownership positions

There are presently around $16,381 million, or 95.80% of LEN stock, in the hands of institutional investors. The top three institutional holders of LEN stocks are: VANGUARD GROUP INC with ownership of 31,694,596, which is approximately 2.055% of the company’s market cap and around 1.70% of the total institutional ownership; BLACKROCK INC., holding 25,809,197 shares of the stock with an approximate value of $1.61 billion in LEN stocks shares; and STATE STREET CORP, currently with $851.24 million in LEN stock with ownership of nearly 9.027% of the company’s market capitalization.

Positions in Lennar Corporation stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 272 institutional holders increased their position in Lennar Corporation [NYSE:LEN] by around 24,796,945 shares. Additionally, 367 investors decreased positions by around 30,827,378 shares, while 80 investors held positions by with 206,561,286 shares. The mentioned changes placed institutional holdings at 262,185,609 shares, according to the latest SEC report filing. LEN stock had 85 new institutional investments in for a total of 4,598,276 shares, while 151 institutional investors sold positions of 10,965,304 shares during the same period.

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