Citigroup covered Lennar Corporation (NYSE:LEN), lowering its target price to $48.00 today
- Updated: September 25, 2016
Lennar Corporation (NYSE:LEN) had its target bumped down to $48.00 by Citigroup in an issued report announced 9/21/2016. The bumped down target suggests a potential upside of 0.10% from the company's most recent close.
On 9/20/2016, Wedbush released a statement on Lennar Corporation (NYSE:LEN) bumped up the target price from $0.00 to $18.00 that suggested a downside of -0.60%.
Boasting a price of $43.50, Lennar Corporation (NYSE:LEN) traded -1.12% lower on the day. The last stock price is down -7.12% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same period. LEN has recorded a 50-day average of $46.14 and a two hundred day average of $46.42. Trade Volume was up over the average, with 2,358,826 shares of LEN changing hands over the typical 2,263,930
Recent Performance Chart
Lennar Corporation has PE ratio of 11.34 with a one year low of $37.14 and a one year high of $52.50 and has a market capitalization of $0.
General Company Details For Lennar Corporation (NYSE:LEN)
Lennar Corporation is a homebuilder that operates in various states with deliveries of over 24,290 new homes. The Company's segments include Homebuilding activities, which include Homebuilding East, Homebuilding Central, Homebuilding West, Homebuilding Southeast Florida and Homebuilding Houston; Lennar Financial Services; Rialto, and Lennar Multifamily. Its Homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development and sale of residential land directly and through unconsolidated entities in which it has investments. The Lennar Financial Services segment operations include mortgage financing, title insurance and closing services for its homebuyers and others. The Rialto segment operations include commercial real estate, investment management and finance company. The Lennar Multifamily segment develops a portfolio of institutional multifamily rental properties in select the United States markets.
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