Lennar Corp. [LEN] is 2.31% higher this YTD. Is it still time to buy?

Lennar Corp. [NYSE: LEN] gained 0.40% on the last trading session, reaching $152.49 price per share at the time.

If compared to the average trading volume of 2.11M shares, LEN reached a trading volume of 2788206 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Lennar Corp. [LEN]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LEN shares is $179.06 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 2.00. 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.

Wedbush have made an estimate for Lennar Corp. shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on April 02, 2024. While these analysts kept the previous recommendation, Jefferies raised their target price to Hold. The new note on the price target was released on November 27, 2023, representing the official price target for Lennar Corp. stock. Previously, the target price had yet another raise to $123, while Wells Fargo analysts kept a Overweight rating on LEN stock.

The Average True Range (ATR) for Lennar Corp. is set at 4.52, with the Price to Sales ratio for LEN stock in the period of the last 12 months amounting to 1.21. The Price to Book ratio for the last quarter was 1.59, with the Price to Cash per share for the same quarter was set at 18.86. Price to Free Cash Flow for LEN in the course of the last twelve months was 9.40 with Quick ratio for the last quarter at 1.05.

Trading performance analysis for LEN stock

Lennar Corp. [LEN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.37. With this latest performance, LEN shares dropped by -4.48% in over the last four-week period, additionally plugging by 39.10% over the last 6 months – not to mention a rise of 39.58% 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 39.09, with the RSI for the last a single of trading hit 33.69, and the three-weeks RSI is set at 43.00 for Lennar Corp. [LEN]. The present Moving Average for the last 50 days of trading for this stock 159.30, while it was recorded at 154.59 for the last single week of trading, and 135.32 for the last 200 days.

Lennar Corp. [LEN]: A deeper dive into fundamental analysis

Lennar Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.05 and a Current Ratio set at 4.27.

Lennar Corp. [LEN]: An earnings per share (EPS) analysis

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 Corp. go to 0.60%.

An analysis of Institutional ownership at Lennar Corp. [LEN]

The top three institutional holders of LEN stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in LEN stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in LEN stock with ownership which is approximately 5.8386%.

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