Raymond James raised the price target for the Lennar Corp. (NYSE:LEN) stock from “an Outperform” to “a Mkt perform”. The rating was released on July 02, 2024, according to finviz. We previously noted in another research note published on July 02, 2024 by Citigroup that downgraded the stock from a Buy to a Neutral with a price target of $164 for LEN stock. The research report from Wedbush has downgraded the stock from Neutral to Underperform, with a price target set at $144. The stock was initiated by Jefferies, who disclosed in a research note on November 27, 2023, to Hold and set the price objective to $117. In their research brief published October 17, 2023, Wells Fargo analysts initiated the Lennar Corp. stock to Overweight with a price target of $123.
The latest trade, Performances and Moving Averages give us the following Picture
The firm’s stock price fluctuated -3.85% within the last five trades and -10.90% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -2.89% in the last 6 months and -13.78% was subtracted to its value over the previous 3 months. LEN stock is trading at a margin of -5.90%, -8.15% and -0.40% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
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As of the close of trading, LEN deals in the Consumer Cyclical domain. The stock is trading -17.03 percent below its 52-week high and 39.16 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 13.53. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Lennar Corp.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 15.44 percent and the profit margin is 11.44 percent, and the company has reported a gross margin of 24.13 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $39.32 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Lennar Corp. (NYSE:LEN) is 9.73. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 8.94. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 1.10 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 1.46, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 14.10 percent of Lennar Corp. shares are owned by insiders, and 83.64 percent are held by financial institutions. SUSTANA MARK, the VP/General Counsel/Secretary at Lennar Corp. (LEN) has sold 9,176 shares of firm on May 20 ’24 at a price of $164.88 against the total amount of $1.51 million. In another inside trade, McCall Jeffrey Joseph, Executive Vice President of Lennar Corp. (NYSE:LEN) sold 10,000 shares of the firm on May 15 ’24 for a total worth of $1.7 million at a price of $170.11. An inside trade which took place on May 10 ’24, Executive Vice President of Lennar Corp. McCall Jeffrey Joseph sold 10,000 shares of firm against total price of $1.63 million at the cost of $162.70 per share.
