Lennar Corporation (NYSE:LEN) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: September 24, 2016
Zacks Investment Research has downgraded Lennar Corporation (NYSE:LEN) to Sell in a statement released on 09/22/2016.
On Wednesday September 21, 2016, Citigroup released a statement for Lennar Corporation (NYSE:LEN) bumped down the target price from $50.00 to $48.00 that suggested an upside of 0.10%.
Boasting a price of $43.45, Lennar Corporation (NYSE:LEN) traded -1.12% lower on the day. With the last stock price close down -7.12% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Lennar Corporation has recorded a 50-day average of $46.14 and a two hundred day average of $46.42. Volume of trade was up over the average, with 2,358,826 shares of LEN changing hands over the typical 2,263,930
With a total market value of $0, Lennar Corporation has price-earnings ratio of 11.34 with a one year low of $37.14 and a one year high of $52.50 .
Brief Synopsis About 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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