The trading price of Lennar Corp (NYSE:LEN) closed higher on Monday, June 16, and closing at $109.49, 0.81% higher than its previous close.
The company’s P/E ratio in the trailing 12-month period was 7.97. In examining the 52-week price action we see that the stock hit a 52-week high of $186.23 and a 52-week low of $98.42. Over the past month, the stock has lost -0.56% in value.
Lennar Corp, whose market valuation is $28.74 billion at the time of this writing, is expected to release its quarterly earnings report in July. The dividend yield on the company stock is 1.79%, while its Forward Dividend ratio is 1.96. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest LEN has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned LEN a recommendation rating is 18. Out of them, 6 rate it a Hold, while 11 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Lennar Corp (LEN) as Underweight, while 1 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that LEN’s price is currently 0.99% off the SMA20 and 1.34% off the SMA50. The RSI metric on the 14-day chart is currently showing 50.62, and weekly volatility stands at 1.94%. When measured over the past 30 days, the indicator reaches 1.95%. Lennar Corp (NYSE:LEN)’s beta value is currently sitting at 1.36, while the Average True Range indicator is currently displaying 3.11. With analysts defining $110-$110 as the low and high price targets, we arrive at a consensus price target of $110 for the trailing 12-month period. The current price is about -0.47% off the estimated low and -0.47% off the forecast high, based on this estimate. Investors will be thrilled if LEN’s share price rises to $110, which is the median consensus price. At that level, LEN’s share price would be -0.47% below current price.
To see how Lennar Corp stock has been performing in comparison to its peers in the industry, here are the numbers: LEN stock’s performance was 0.81% in the latest trading, and -26.49% in the past year. Lennar Corp has a P/E ratio of 7.97.
An evaluation of the daily trading volume of Lennar Corp (NYSE:LEN) indicates that the 3-month average is 2.91 million.
Currently, records show that 232.18 million of the company’s shares remain outstanding. The insiders hold 13.37% of outstanding shares, whereas institutions hold 85.20%. However, since the stock’s price has seen -16.45% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.